Commercial Bancgroup (NASDAQ:CBK – Get Free Report) announced its quarterly earnings results on Monday. The company reported $0.79 EPS for the quarter, FiscalAI reports. Commercial Bancgroup had a net margin of 30.07% and a return on equity of 14.06%. The firm had revenue of $25.19 million during the quarter.
Commercial Bancgroup Stock Down 0.7%
Shares of NASDAQ:CBK opened at $32.00 on Tuesday. The firm has a market cap of $438.40 million and a P/E ratio of 10.96. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $32.77 and its two-hundred day moving average price is $29.82. Commercial Bancgroup has a 12 month low of $23.24 and a 12 month high of $35.78.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on CBK. Hovde Group increased their target price on Commercial Bancgroup from $34.00 to $39.50 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Commercial Bancgroup in a research report on Monday, September 28th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Commercial Bancgroup presently has a consensus rating of “Hold” and an average target price of $39.50.
View Our Latest Analysis on Commercial Bancgroup
Institutional Trading of Commercial Bancgroup
A number of large investors have recently bought and sold shares of the business. Legal & General Group Plc acquired a new stake in shares of Commercial Bancgroup in the second quarter valued at approximately $27,000. State of Wyoming bought a new stake in shares of Commercial Bancgroup during the first quarter valued at approximately $72,000. Sterling Capital Management LLC lifted its holdings in Commercial Bancgroup by 4,377.0% during the 3rd quarter. Sterling Capital Management LLC now owns 7,790 shares of the company’s stock worth $244,000 after purchasing an additional 7,616 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of Commercial Bancgroup during the second quarter valued at about $272,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Commercial Bancgroup by 6.5% in the first quarter. Renaissance Technologies LLC now owns 9,800 shares of the company’s stock worth $255,000 after buying an additional 600 shares in the last quarter.
About Commercial Bancgroup
Commercial Bancgroup, Inc is a bank holding company headquartered in Tennessee. Through its banking subsidiary, Commercial Bank, the company provides financial services to individuals, families, businesses and organizations in the communities it serves.
Commercial Bank’s offerings generally include deposit accounts such as checking, savings and certificates of deposit, along with lending products for commercial, real estate, residential mortgage and consumer purposes. The bank also provides services such as online and mobile banking, debit cards, electronic payments and other traditional banking solutions.
The company operates as a community-focused financial institution serving customers in Tennessee and surrounding areas through a network of banking offices and digital channels.
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