Insider Buying: Commercial Bancgroup (NASDAQ:CBK) Director Buys 450 Shares of Stock

Commercial Bancgroup, Inc. (NASDAQ:CBK) Director Dennis Michael Robertson bought 450 shares of Commercial Bancgroup stock in a transaction dated Wednesday, January 28th. The stock was purchased at an average price of $25.64 per share, for a total transaction of $11,538.00. Following the purchase, the director directly owned 22,617 shares in the company, valued at $579,899.88. This represents a 2.03% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Commercial Bancgroup Stock Down 0.3%

NASDAQ:CBK traded down $0.07 on Friday, reaching $26.34. The stock had a trading volume of 93,858 shares, compared to its average volume of 53,667. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.05 and a quick ratio of 1.03. The firm has a market cap of $322.40 million and a P/E ratio of 34.21. Commercial Bancgroup, Inc. has a 1-year low of $23.24 and a 1-year high of $26.50. The stock’s fifty day simple moving average is $24.79.

Commercial Bancgroup (NASDAQ:CBK) last announced its earnings results on Monday, January 26th. The company reported $0.72 EPS for the quarter. The business had revenue of $23.48 million during the quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CBK shares. Wall Street Zen upgraded shares of Commercial Bancgroup to a “hold” rating in a research report on Saturday, October 11th. Weiss Ratings began coverage on shares of Commercial Bancgroup in a research report on Friday, December 26th. They set a “sell (e)” rating on the stock. Finally, Hovde Group upgraded shares of Commercial Bancgroup to a “strong-buy” rating in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Commercial Bancgroup

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Community Trust & Investment Co. bought a new position in Commercial Bancgroup during the 4th quarter worth about $9,161,000. Phocas Financial Corp. acquired a new position in shares of Commercial Bancgroup during the fourth quarter worth about $3,607,000. Polaris Capital Management LLC bought a new position in shares of Commercial Bancgroup during the fourth quarter worth about $2,051,000. Rosenthal Henry Capital Advisors Inc. bought a new stake in Commercial Bancgroup in the 4th quarter valued at approximately $1,535,000. Finally, Daytona Street Capital LLC acquired a new position in Commercial Bancgroup during the 4th quarter worth approximately $381,000.

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.