Commercial Bancgroup (NASDAQ:CBK) Director Sells $33,920.00 in Stock

Commercial Bancgroup, Inc. (NASDAQ:CBK) Director Dennis Robertson sold 1,000 shares of the stock in a transaction that occurred 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 in the company, valued at $761,605.76. This represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Commercial Bancgroup Stock Down 1.9%

Shares of NASDAQ:CBK traded down $0.63 during trading on Tuesday, hitting $33.05. 26,008 shares of the company were exchanged, compared to its average volume of 55,567. The stock has a market capitalization of $452.82 million and a P/E ratio of 11.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.06 and a quick ratio of 1.06. Commercial Bancgroup, Inc. has a 12-month low of $23.24 and a 12-month high of $35.78. The firm’s 50 day moving average price is $32.57 and its 200-day moving average price is $30.07.

Commercial Bancgroup (NASDAQ:CBK) last issued its earnings results on Monday, October 26th. The company reported $0.79 earnings per share (EPS) for the quarter. The business had revenue of $25.19 million during the quarter. Commercial Bancgroup had a net margin of 30.80% and a return on equity of 13.75%.

Commercial Bancgroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Tuesday, December 15th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. Commercial Bancgroup’s payout ratio is 16.33%.

Institutional Trading of Commercial Bancgroup

Large investors have recently bought and sold shares of the business. PDT Partners LLC purchased a new position in Commercial Bancgroup during the 2nd quarter worth $1,006,000. BlackRock Inc. acquired a new position in Commercial Bancgroup in the second quarter valued at $21,665,000. Raffles Associates LP acquired a new position in Commercial Bancgroup in the second quarter valued at $7,527,000. GSA Capital Partners LLP purchased a new stake in shares of Commercial Bancgroup in the second quarter valued at about $636,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Commercial Bancgroup in the second quarter valued at about $736,000.

Analysts Set New Price Targets

CBK has been the topic of several research reports. Hovde Group raised their price objective on Commercial Bancgroup from $34.00 to $39.50 and gave the stock an “outperform” rating in a report on Thursday, July 30th. Weiss Ratings raised Commercial Bancgroup from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.50.

Commercial Bancgroup Company Profile

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.