Community Bancorp (NASDAQ:CMTV) Issues Earnings Results

Community Bancorp (NASDAQ:CMTV) issued its earnings results on Tuesday. The company reported $0.78 earnings per share (EPS) for the quarter, Zacks reports. Community Bancorp had a net margin of 25.28% and a return on equity of 16.25%. The company had revenue of $12.69 million for the quarter.

Community Bancorp Stock Up 0.7%

CMTV stock opened at $38.74 on Thursday. The company’s 50-day moving average is $34.55. The stock has a market cap of $216.17 million, a PE ratio of 12.22 and a beta of 0.25. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. Community Bancorp has a twelve month low of $17.13 and a twelve month high of $42.80.

Community Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Sunday, April 26th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, April 24th. Community Bancorp’s payout ratio is presently 33.22%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CMTV shares. Weiss Ratings raised Community Bancorp from a “hold (c)” rating to a “buy (b)” rating in a report on Friday, March 20th. Wall Street Zen raised Community Bancorp to a “hold” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Insider Buying and Selling

In other news, Director Wayne Lamberton purchased 1,350 shares of the company’s stock in a transaction on Monday, April 6th. The stock was acquired at an average cost of $34.32 per share, for a total transaction of $46,332.00. Following the completion of the transaction, the director directly owned 10,045 shares in the company, valued at $344,744.40. This trade represents a 15.53% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David Laforce acquired 895 shares of Community Bancorp stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average cost of $30.00 per share, with a total value of $26,850.00. Following the completion of the purchase, the director owned 9,859 shares of the company’s stock, valued at approximately $295,770. This represents a 9.98% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 7,878 shares of company stock valued at $254,748. 8.50% of the stock is owned by corporate insiders.

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.