Key Points
- EVP Philip Metheny bought 3,300 shares on April 30 at an average price of $29.02 for a total of $95,766, increasing his stake to 12,732 shares (a 34.99% rise); the purchase was disclosed in an SEC Form 4 filing.
- Commercial Bancgroup declared a quarterly dividend of $0.10 per share (annualized $0.40, yield 1.4%), payable June 30 to shareholders of record on June 15, with an ex-dividend date of June 15.
- Several institutions have built sizable positions (e.g., T. Rowe Price ~$19.5M, Mendon Capital ~$9.2M), while analyst coverage is mixed—one Strong Buy, one Sell, Weiss Ratings reissued a "sell (e)" and MarketBeat shows an average rating of "Moderate Buy".
Commercial Bancgroup, Inc. (NASDAQ:CBK - Get Free Report) EVP Philip Metheny acquired 3,300 shares of the company's stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average price of $29.02 per share, with a total value of $95,766.00. Following the completion of the transaction, the executive vice president owned 12,732 shares in the company, valued at $369,482.64. The trade was a 34.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Commercial Bancgroup Trading Up 0.1%
NASDAQ CBK opened at $29.00 on Friday. The business has a 50 day simple moving average of $26.79 and a 200 day simple moving average of $25.59. Commercial Bancgroup, Inc. has a one year low of $23.24 and a one year high of $29.89. The stock has a market capitalization of $397.30 million and a P/E ratio of 19.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.05 and a quick ratio of 1.05.
Commercial Bancgroup (NASDAQ:CBK - Get Free Report) last released its earnings results on Monday, April 27th. The company reported $999.00 EPS for the quarter. The business had revenue of $23.07 million for 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 paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 15th. Commercial Bancgroup's dividend payout ratio (DPR) is 26.85%.
Institutional Investors Weigh In On Commercial Bancgroup
A number of hedge funds have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. acquired a new stake in Commercial Bancgroup in the fourth quarter valued at approximately $19,478,000. Mendon Capital Advisors Corp purchased a new position in Commercial Bancgroup during the fourth quarter worth about $9,206,000. Community Trust & Investment Co. purchased a new position in Commercial Bancgroup during the fourth quarter worth about $9,161,000. Jacobs Asset Management LLC purchased a new position in Commercial Bancgroup during the fourth quarter worth about $7,859,000. Finally, Petiole USA ltd purchased a new position in Commercial Bancgroup during the fourth quarter worth about $7,675,000.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a "sell (e)" rating on shares of Commercial Bancgroup in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Commercial Bancgroup currently has an average rating of "Moderate Buy".
View Our Latest Stock Analysis on Commercial Bancgroup
About Commercial Bancgroup
(
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.
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