Community Bancorp (NASDAQ:CMTV) Stock: Insider Christopher Caldwell Purchases 500 Shares

Key Points

  • CEO Christopher Caldwell bought 500 shares at $42.98 each, spending $21,490 and increasing his direct holding to 12,500 shares.
  • Community Bancorp reported quarterly EPS of $0.91 on revenue of $13.56 million, with a 16.03% return on equity and a 25.89% net margin.
  • The company raised its quarterly dividend to $0.26 per share from $0.25, equivalent to an annualized $1.04 dividend and a 2.4% yield.

Community Bancorp Inc (NASDAQ:CMTV - Get Free Report) CEO Christopher Caldwell purchased 500 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The stock was bought at an average cost of $42.98 per share, for a total transaction of $21,490.00. Following the acquisition, the chief executive officer directly owned 12,500 shares in the company, valued at $537,250. This trade represents a 4.17% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Community Bancorp Price Performance

Community Bancorp stock opened at $43.14 on Wednesday. The business's 50 day simple moving average is $41.47 and its 200 day simple moving average is $38.80. Community Bancorp Inc has a 12 month low of $22.67 and a 12 month high of $43.95. The company has a market cap of $241.58 million, a price-to-earnings ratio of 12.77 and a beta of 0.39. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11.

Community Bancorp (NASDAQ:CMTV - Get Free Report) last released its earnings results on Monday, October 26th. The company reported $0.91 earnings per share (EPS) for the quarter. The business had revenue of $13.56 million during the quarter. Community Bancorp had a return on equity of 16.03% and a net margin of 25.89%.

Community Bancorp Increases Dividend




The company also recently declared a quarterly dividend, which was paid on Sunday, November 1st. Stockholders of record on Thursday, October 15th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, October 15th. This is a positive change from Community Bancorp's previous quarterly dividend of $0.25. Community Bancorp's dividend payout ratio is currently 30.95%.

Institutional Investors Weigh In On Community Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp lifted its position in shares of Community Bancorp by 488.0% during the second quarter. State Street Corp now owns 56,153 shares of the company's stock worth $2,196,000 after acquiring an additional 46,603 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Community Bancorp by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 63,174 shares of the company's stock worth $2,470,000 after acquiring an additional 1,467 shares during the period. Addison Advisors LLC purchased a new position in shares of Community Bancorp in the second quarter valued at $33,000. BlackRock Inc. purchased a new position in shares of Community Bancorp in the second quarter valued at $12,911,000. Finally, Deutsche Bank AG bought a new stake in shares of Community Bancorp during the 2nd quarter valued at $195,000.

Analyst Ratings Changes

Separately, Weiss Ratings raised Community Bancorp from a "buy (b)" rating to a "buy (a-)" rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, Community Bancorp currently has an average rating of "Strong Buy".

View Our Latest Research Report on Community Bancorp

About Community Bancorp

(Get Free Report)

Community Bancorp is a bank holding company headquartered in Vermont. Through its principal subsidiary, Community National Bank, the company provides community banking services to individuals, families, farmers and businesses in northern Vermont and nearby areas.

Community National Bank offers a range of deposit products, residential and commercial real estate financing, agricultural and business loans, consumer lending and other credit services. Its banking services also include online and mobile banking, cash-management solutions and other products designed to support personal and commercial financial needs.

Community Bancorp has roots in Vermont community banking and operates through a network of branches and banking offices serving local communities across the state.

See Also

Insider Buying and Selling by Quarter for Community Bancorp (NASDAQ:CMTV)

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