Jacobs Asset Management LLC acquired a new position in shares of Commercial Bancgroup, Inc. (NASDAQ:CBK – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 320,000 shares of the company’s stock, valued at approximately $7,859,000. Commercial Bancgroup comprises about 4.4% of Jacobs Asset Management LLC’s holdings, making the stock its 9th biggest holding. Jacobs Asset Management LLC owned about 2.61% of Commercial Bancgroup at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Community Trust & Investment Co. purchased a new stake in Commercial Bancgroup in the 4th quarter valued at $9,161,000. JBF Capital Inc. purchased a new stake in Commercial Bancgroup in the 4th quarter valued at $6,140,000. Kennedy Capital Management LLC purchased a new stake in Commercial Bancgroup in the 4th quarter valued at $3,688,000. Phocas Financial Corp. purchased a new stake in Commercial Bancgroup in the 4th quarter valued at $3,607,000. Finally, Pacific Ridge Capital Partners LLC purchased a new stake in Commercial Bancgroup in the 4th quarter valued at $3,428,000.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Commercial Bancgroup in a research report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Commercial Bancgroup currently has a consensus rating of “Moderate Buy”.
Commercial Bancgroup Stock Up 0.0%
CBK stock opened at $30.78 on Friday. The company has a fifty day moving average price of $28.76 and a 200 day moving average price of $26.54. Commercial Bancgroup, Inc. has a 12 month low of $23.24 and a 12 month high of $31.67. The company has a market cap of $421.69 million and a price-to-earnings ratio of 13.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.06 and a quick ratio of 1.06.
Commercial Bancgroup (NASDAQ:CBK – Get Free Report) last released its quarterly earnings results on Monday, April 27th. The company reported $0.73 EPS for the quarter. The business had revenue of $23.07 million during the quarter.
Commercial Bancgroup Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. Commercial Bancgroup’s dividend payout ratio is presently 18.02%.
Insider Buying and Selling
In other news, EVP Philip J. Metheny acquired 3,300 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was bought at an average price of $29.02 per share, for a total transaction of $95,766.00. Following the transaction, the executive vice president owned 12,732 shares in the company, valued at $369,482.64. This represents a 34.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 36.20% of the company’s stock.
Commercial Bancgroup Profile
We are a bank holding company headquartered in Harrogate, Tennessee, and have elected under the Bank Holding Company Act of 1956, as amended (the “BHC Act”), to become a financial holding company. We were incorporated in Tennessee in 1975, and we operate primarily through our wholly owned bank subsidiary, Commercial Bank, a Tennessee banking corporation organized in 1976. The Bank is a full-service community banking institution that offers traditional consumer and commercial products and services to serve businesses and individuals in select markets in Kentucky, North Carolina, and Tennessee.
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