The Manufacturers Life Insurance Company Purchases New Position in Community Bancorp Inc $CMTV

The Manufacturers Life Insurance Company acquired a new position in shares of Community Bancorp Inc (NASDAQ:CMTVFree Report) during the 1st quarter, Holdings Channel reports. The fund acquired 61,707 shares of the company’s stock, valued at approximately $1,919,000.

Separately, Hanson & Doremus Investment Management acquired a new stake in Community Bancorp in the first quarter worth $445,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Community Bancorp in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

View Our Latest Stock Analysis on CMTV

Community Bancorp Price Performance

NASDAQ CMTV opened at $39.85 on Monday. The firm has a market capitalization of $222.76 million, a price-to-earnings ratio of 12.11 and a beta of 0.39. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50-day simple moving average is $39.45. Community Bancorp Inc has a one year low of $21.50 and a one year high of $42.92.

Community Bancorp (NASDAQ:CMTVGet Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.84 earnings per share (EPS) for the quarter. The business had revenue of $13.56 million during the quarter. Community Bancorp had a return on equity of 16.23% and a net margin of 25.65%.

Community Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, August 1st. Stockholders of record on Wednesday, July 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. Community Bancorp’s dividend payout ratio is currently 30.40%.

Community Bancorp Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CMTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Community Bancorp Inc (NASDAQ:CMTVFree Report).

Institutional Ownership by Quarter for Community Bancorp (NASDAQ:CMTV)

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