Commercial Bancgroup (NASDAQ:CBK) Issues Earnings Results

Commercial Bancgroup (NASDAQ:CBK) released its quarterly earnings data on Monday. The company reported $0.75 earnings per share for the quarter, FiscalAI reports.

Commercial Bancgroup Trading Up 1.3%

CBK stock traded up $0.44 during midday trading on Monday, reaching $33.55. The company’s stock had a trading volume of 87,478 shares, compared to its average volume of 61,560. The business’s 50-day simple moving average is $31.30 and its 200-day simple moving average is $28.24. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25. Commercial Bancgroup has a 52 week low of $23.24 and a 52 week high of $34.46. The stock has a market cap of $459.63 million and a PE ratio of 15.11.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Commercial Bancgroup from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Insider Buying and Selling at Commercial Bancgroup

In related news, EVP Philip J. Metheny purchased 3,300 shares of Commercial Bancgroup stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $29.02 per share, for a total transaction of $95,766.00. Following the transaction, the executive vice president directly owned 12,732 shares of the company’s stock, valued at approximately $369,482.64. This trade represents a 34.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 36.20% of the stock is currently owned by company insiders.

Institutional Trading of Commercial Bancgroup

A number of institutional investors and hedge funds have recently modified their holdings of CBK. Strs Ohio acquired a new stake in Commercial Bancgroup in the fourth quarter worth $29,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Commercial Bancgroup during the fourth quarter worth about $46,000. State of Wyoming acquired a new position in shares of Commercial Bancgroup in the 1st quarter valued at approximately $72,000. MetLife Investment Management LLC acquired a new stake in Commercial Bancgroup during the 4th quarter worth approximately $103,000. Finally, State of Tennessee Department of Treasury bought a new position in Commercial Bancgroup in the fourth quarter valued at approximately $145,000.

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.