Commercial Bancgroup (NASDAQ:CBK) EVP Philip Metheny Purchases 670 Shares of Stock

Commercial Bancgroup, Inc. (NASDAQ:CBK) EVP Philip Metheny purchased 670 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were bought at an average cost of $34.79 per share, for a total transaction of $23,309.30. Following the purchase, the executive vice president owned 14,402 shares of the company’s stock, valued at $501,045.58. This trade represents a 4.88% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Commercial Bancgroup Trading Up 0.1%

Shares of NASDAQ CBK traded up $0.03 during trading on Thursday, hitting $33.84. 28,599 shares of the company traded hands, compared to its average volume of 60,301. Commercial Bancgroup, Inc. has a 1 year low of $23.24 and a 1 year high of $35.78. The company has a 50-day moving average price of $33.61 and a 200-day moving average price of $29.72. The firm has a market capitalization of $463.64 million and a P/E ratio of 11.59. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.24.

Commercial Bancgroup (NASDAQ:CBK) last issued its earnings results on Monday, July 27th. The company reported $0.75 earnings per share for the quarter. Commercial Bancgroup had a return on equity of 14.06% and a net margin of 30.07%.The business had revenue of $24.16 million for the quarter.

Commercial Bancgroup Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.12 dividend. This is a positive change from Commercial Bancgroup’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, September 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. Commercial Bancgroup’s dividend payout ratio (DPR) is 16.44%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings upgraded Commercial Bancgroup from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 1st. Hovde Group lifted their price target on shares of Commercial Bancgroup from $34.00 to $39.50 and gave the company an “outperform” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.50.

Institutional Trading of Commercial Bancgroup

Large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC lifted 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 purchasing an additional 600 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Commercial Bancgroup in the second quarter valued at about $27,000. Strs Ohio acquired a new stake in shares of Commercial Bancgroup in the fourth quarter valued at about $29,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Commercial Bancgroup during the 4th quarter valued at about $46,000. Finally, California State Teachers Retirement System lifted its position in Commercial Bancgroup by 737.4% during the 2nd quarter. California State Teachers Retirement System now owns 3,132 shares of the company’s stock worth $97,000 after acquiring an additional 2,758 shares in the last quarter.

Commercial Bancgroup Company Profile

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.