Key Points
- Director Dennis Robertson sold 1,000 shares at an average price of $33.92, totaling $33,920. After the sale, he held 22,453 shares, a 4.26% reduction in his position.
- Commercial Bancgroup reported quarterly EPS of $0.79 and revenue of $25.19 million, with a 30.8% net margin. It also declared a quarterly dividend of $0.12 per share, equivalent to a 1.5% annual yield.
- Analyst views are mixed: the stock has an overall “Hold” rating and an average price target of $39.50, with one Buy and one Sell rating.
Commercial Bancgroup, Inc. (NASDAQ:CBK - Get Free Report) Director Dennis Robertson sold 1,000 shares of the company's stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $33.92, for a total transaction of $33,920.00. Following the completion of the transaction, the director owned 22,453 shares of the company's stock, valued at $761,605.76. This represents a 4.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Commercial Bancgroup Stock Performance
Shares of CBK stock opened at $33.05 on Wednesday. The stock's 50-day moving average is $32.55 and its two-hundred day moving average is $30.11. The firm has a market cap of $452.78 million and a price-to-earnings ratio of 11.26. Commercial Bancgroup, Inc. has a 1 year low of $23.24 and a 1 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.
Commercial Bancgroup (NASDAQ:CBK - Get Free Report) last posted its earnings results on Monday, October 26th. The company reported $0.79 EPS for the quarter. Commercial Bancgroup had a return on equity of 13.75% and a net margin of 30.80%. The business had revenue of $25.19 million for the quarter.
Commercial Bancgroup Dividend Announcement
The company 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 dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Tuesday, December 15th. Commercial Bancgroup's dividend payout ratio (DPR) is currently 16.33%.
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 position in Commercial Bancgroup in the second quarter valued at $27,000. State of Wyoming purchased a new stake in shares of Commercial Bancgroup in the first quarter valued at about $72,000. Sterling Capital Management LLC raised its holdings in shares of Commercial Bancgroup by 4,377.0% in the third quarter. Sterling Capital Management LLC now owns 7,790 shares of the company's stock valued at $244,000 after buying an additional 7,616 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Commercial Bancgroup by 6.5% during 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 during the period. Finally, Deutsche Bank AG acquired a new stake in shares of Commercial Bancgroup during the second quarter worth about $272,000.
Wall Street Analysts Forecast Growth
Several research firms have commented on CBK. Weiss Ratings raised Commercial Bancgroup from a "sell (d-)" rating to a "sell (d)" rating in a research report on Monday. Hovde Group increased their price objective on Commercial Bancgroup from $34.00 to $39.50 and gave the company an "outperform" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $39.50.
Read Our Latest Analysis on Commercial Bancgroup
About Commercial Bancgroup
(
Get Free Report)
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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