Community Bancorp Inc (NASDAQ:CMTV) Sees Significant Increase in Short Interest

Community Bancorp Inc (NASDAQ:CMTV) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 228,635 shares, a growth of 140.0% from the June 15th total of 95,251 shares. Currently, 4.4% of the company’s stock are sold short. Based on an average daily trading volume, of 95,346 shares, the days-to-cover ratio is currently 2.4 days.

Community Bancorp Trading Down 0.1%

NASDAQ:CMTV traded down $0.04 during trading hours on Wednesday, reaching $39.07. 11,265 shares of the company traded hands, compared to its average volume of 30,166. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50-day moving average price of $39.04. Community Bancorp has a 1 year low of $20.25 and a 1 year high of $42.92. The firm has a market capitalization of $218.40 million, a PE ratio of 12.28 and a beta of 0.38.

Community Bancorp (NASDAQ:CMTV) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $0.78 earnings per share for the quarter. The firm had revenue of $12.69 million during the quarter. Community Bancorp had a return on equity of 15.98% and a net margin of 25.28%.

Community Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, August 1st. Investors of record on Wednesday, July 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, July 15th. Community Bancorp’s dividend payout ratio is 31.55%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CMTV shares. Wall Street Zen upgraded shares of Community Bancorp to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Community Bancorp in a research note on Wednesday, June 17th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Community Bancorp currently has an average rating of “Buy”.

Institutional Trading of Community Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of CMTV. Hanson & Doremus Investment Management purchased a new stake in shares of Community Bancorp during the first quarter valued at approximately $445,000. Community Financial Services Group LLC purchased a new position in Community Bancorp in the 2nd quarter worth approximately $27,254,000. Bank of America Corp DE purchased a new position in Community Bancorp in the 1st quarter worth approximately $416,000. The Manufacturers Life Insurance Company bought a new position in Community Bancorp in the 1st quarter valued at approximately $1,919,000. Finally, Kestra Advisory Services LLC bought a new position in Community Bancorp in the 1st quarter valued at approximately $202,000.

About Community Bancorp

Community Bancorp (NASDAQ: CMTV) is a bank holding company that provides commercial banking and related financial services through its subsidiary banking operations. The company focuses on deposit-taking and lending activities typical of community-oriented banks, serving the needs of individual customers, small and medium-sized businesses, and local organizations.

Its primary products and services include core deposit accounts, commercial and consumer lending, mortgage and real estate finance, and payment and treasury management services designed to support local business cash flow and day-to-day banking needs.