61,707 Shares in Community Bancorp Inc $CMTV Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new stake in Community Bancorp Inc (NASDAQ:CMTV) during the first quarter, according to its most recent filing with the SEC. The firm acquired 61,707 shares of the company’s stock, valued at approximately $1,919,000. The Manufacturers Life Insurance Company owned about 1.11% of Community Bancorp as of its most recent filing with the SEC.

Separately, Hanson & Doremus Investment Management acquired a new position in shares of Community Bancorp during the first quarter valued at $445,000.

Community Bancorp Price Performance

Shares of NASDAQ CMTV opened at $39.85 on Monday. The firm has a 50 day simple moving average of $39.45. Community Bancorp Inc has a fifty-two week low of $21.50 and a fifty-two week high of $42.92. The firm has a market capitalization of $222.76 million, a price-to-earnings ratio of 12.11 and a beta of 0.39. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94.

Community Bancorp (NASDAQ:CMTV) last released its earnings results on Tuesday, July 21st. The company reported $0.84 EPS for the quarter. The firm had revenue of $13.56 million during the quarter. Community Bancorp had a net margin of 25.65% and a return on equity of 16.23%.

Community Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, August 1st. Investors of record on Wednesday, July 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. Community Bancorp’s payout ratio is 30.40%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Community Bancorp in a report on Wednesday, June 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

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.