Key Points
- On Jan. 28, Commercial Bancgroup director Dennis Michael Robertson bought 450 shares at $25.64 each ($11,538 total), increasing his stake to 22,617 shares (a 2.03% rise); the purchase was disclosed in an SEC Form 4.
- The company reported quarterly EPS of $0.72 on $23.48 million in revenue, and the stock trades near $26.34 with a market cap of $322.4M, a P/E of 34.21, and a 52‑week range of $23.24–$26.50.
- Analyst views are mixed—Hovde Group upgraded to strong-buy, Weiss Ratings initiated a sell, and Wall Street Zen rates a hold—but MarketBeat lists a consensus of "Moderate Buy," and several hedge funds added new positions in Q4.
Commercial Bancgroup, Inc. (NASDAQ:CBK - Get Free Report) Director Dennis Michael Robertson acquired 450 shares of Commercial Bancgroup stock in a transaction that occurred on Wednesday, January 28th. The stock was acquired at an average cost of $25.64 per share, with a total value of $11,538.00. Following the purchase, the director directly owned 22,617 shares of the company's stock, valued at $579,899.88. This represents a 2.03% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Commercial Bancgroup Stock Down 0.3%
Commercial Bancgroup stock opened at $26.34 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.03 and a current ratio of 1.05. The stock has a market capitalization of $322.40 million and a price-to-earnings ratio of 34.21. The business's fifty day moving average is $24.83. Commercial Bancgroup, Inc. has a twelve month low of $23.24 and a twelve month high of $26.50.
Commercial Bancgroup (NASDAQ:CBK - Get Free Report) last released its quarterly earnings results on Monday, January 26th. The company reported $0.72 EPS for the quarter. The company had revenue of $23.48 million during the quarter.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Hovde Group upgraded shares of Commercial Bancgroup to a "strong-buy" rating in a report on Tuesday, October 7th. Weiss Ratings initiated coverage on shares of Commercial Bancgroup in a research report on Friday, December 26th. They set a "sell (e)" rating for the company. Finally, Wall Street Zen raised shares of Commercial Bancgroup to a "hold" rating in a report on Saturday, October 11th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Analysis on CBK
Hedge Funds Weigh In On Commercial Bancgroup
Several hedge funds and other institutional investors have recently modified their holdings of CBK. SG Americas Securities LLC acquired a new stake in Commercial Bancgroup in the 4th quarter worth approximately $153,000. Daytona Street Capital LLC acquired a new position in Commercial Bancgroup during the 4th quarter valued at approximately $381,000. Rosenthal Henry Capital Advisors Inc. purchased a new position in shares of Commercial Bancgroup in the fourth quarter worth $1,535,000. Polaris Capital Management LLC purchased a new position in shares of Commercial Bancgroup in the fourth quarter worth $2,051,000. Finally, Phocas Financial Corp. acquired a new stake in shares of Commercial Bancgroup during the fourth quarter worth $3,607,000.
Commercial Bancgroup Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
