Community Bancorp (NASDAQ:CMTV – Get Free Report) released its quarterly earnings results on Monday. The company reported $0.91 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $13.56 million for the quarter.
Community Bancorp Stock Performance
Shares of CMTV traded down $0.47 during trading hours on Wednesday, reaching $41.42. The stock had a trading volume of 41,452 shares. The stock has a market capitalization of $231.97 million, a PE ratio of 12.68 and a beta of 0.38. Community Bancorp has a 12 month low of $22.65 and a 12 month high of $43.95. The company’s 50-day moving average is $41.35 and its two-hundred day moving average is $38.70.
Community Bancorp Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Sunday, November 1st. Investors of record on Thursday, October 15th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.04 annualized dividend and a dividend yield of 2.5%. This is a positive change from Community Bancorp’s previous quarterly dividend of $0.25. Community Bancorp’s dividend payout ratio (DPR) is 31.61%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded Community Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, Community Bancorp presently has a consensus rating of “Strong Buy”.
Read Our Latest Report on Community Bancorp
Community Bancorp Company Profile
Community Bancorp is a bank holding company headquartered in Vermont. Through its principal subsidiary, Community National Bank, the company provides community banking services to individuals, families, farmers and businesses in northern Vermont and nearby areas.
Community National Bank offers a range of deposit products, residential and commercial real estate financing, agricultural and business loans, consumer lending and other credit services. Its banking services also include online and mobile banking, cash-management solutions and other products designed to support personal and commercial financial needs.
Community Bancorp has roots in Vermont community banking and operates through a network of branches and banking offices serving local communities across the state.
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