The Manufacturers Life Insurance Company bought a new position in Community Bancorp Inc (NASDAQ:CMTV – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 63,174 shares of the company’s stock, valued at approximately $2,470,000. The Manufacturers Life Insurance Company owned about 1.13% of Community Bancorp as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in CMTV. Addison Advisors LLC bought a new position in Community Bancorp during the 2nd quarter valued at about $33,000. BlackRock Inc. bought a new stake in Community Bancorp during the second quarter worth about $12,911,000. Deutsche Bank AG acquired a new stake in shares of Community Bancorp during the second quarter worth approximately $195,000. Silverlake Wealth Management LLC acquired a new stake in shares of Community Bancorp during the second quarter worth approximately $2,438,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Community Bancorp in the second quarter valued at approximately $467,000.
Community Bancorp Stock Performance
Shares of NASDAQ:CMTV opened at $41.17 on Thursday. The business has a 50-day moving average price of $40.00 and a two-hundred day moving average price of $37.90. Community Bancorp Inc has a 1-year low of $21.99 and a 1-year high of $43.76. The stock has a market capitalization of $230.55 million, a P/E ratio of 12.51 and a beta of 0.39. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11.
Community Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Saturday, August 1st. Investors of record on Wednesday, July 15th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Wednesday, July 15th. Community Bancorp’s dividend payout ratio (DPR) is currently 30.40%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Community Bancorp in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Community Bancorp has a consensus rating of “Buy”.
Read Our Latest Report on Community Bancorp
Community Bancorp Company Profile
Community Bancorp (NASDAQ: CMTV) is a bank holding company that provides commercial banking and related financial services through its subsidiary banking operations. The company focuses on deposit-taking and lending activities typical of community-oriented banks, serving the needs of individual customers, small and medium-sized businesses, and local organizations.
Its primary products and services include core deposit accounts, commercial and consumer lending, mortgage and real estate finance, and payment and treasury management services designed to support local business cash flow and day-to-day banking needs.
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