Commercial Bancgroup, Inc. (NASDAQ:CBK – Get Free Report) Director Dennis Robertson sold 1,000 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $33.92, for a total transaction of $33,920.00. Following the sale, the director directly owned 22,453 shares in the company, valued at $761,605.76. This trade represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Commercial Bancgroup Stock Up 1.4%
CBK stock opened at $33.52 on Thursday. Commercial Bancgroup, Inc. has a one year low of $23.24 and a one year high of $35.78. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s fifty day moving average is $32.54 and its 200 day moving average is $30.15. The firm has a market cap of $459.22 million and a PE ratio of 11.05.
Commercial Bancgroup (NASDAQ:CBK – Get Free Report) last issued its quarterly earnings data on Monday, October 26th. The company reported $0.79 earnings per share for the quarter. Commercial Bancgroup had a net margin of 30.80% and a return on equity of 13.75%. The business had revenue of $25.19 million during the quarter.
Commercial Bancgroup Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, December 15th. Commercial Bancgroup’s payout ratio is currently 16.33%.
Institutional Investors Weigh In On Commercial Bancgroup
Several large investors have recently bought and sold shares of CBK. Legal & General Group Plc purchased a new stake in shares of Commercial Bancgroup during the second quarter worth approximately $27,000. State of Wyoming purchased a new position in Commercial Bancgroup in the 1st quarter valued at $72,000. Sterling Capital Management LLC lifted its holdings in Commercial Bancgroup by 4,377.0% in the 3rd quarter. Sterling Capital Management LLC now owns 7,790 shares of the company’s stock valued at $244,000 after purchasing an additional 7,616 shares in the last quarter. Deutsche Bank AG purchased a new position in Commercial Bancgroup in the 2nd quarter valued at $272,000. Finally, Renaissance Technologies LLC boosted its stake in Commercial Bancgroup by 6.5% during the 1st quarter. Renaissance Technologies LLC now owns 9,800 shares of the company’s stock worth $255,000 after purchasing an additional 600 shares during the last quarter.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on CBK. Weiss Ratings upgraded Commercial Bancgroup from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. Hovde Group boosted their price objective on Commercial Bancgroup from $34.00 to $39.50 and gave the company an “outperform” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.50.
View Our Latest Analysis on Commercial Bancgroup
Commercial Bancgroup Company Profile
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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