Community Bancorp (NASDAQ:CMTV) Releases Quarterly Earnings Results

Community Bancorp (NASDAQ:CMTV) released its quarterly 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 24.67% and a return on equity of 15.77%.

Community Bancorp Stock Performance

CMTV opened at $38.48 on Wednesday. The business has a 50 day moving average of $34.46. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94. Community Bancorp has a 1 year low of $16.99 and a 1 year high of $42.80. The firm has a market capitalization of $214.72 million, a PE ratio of 12.78 and a beta of 0.25.

Community Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Sunday, April 26th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, April 24th. Community Bancorp’s dividend payout ratio (DPR) is currently 33.22%.

Insider Buying and Selling

In related news, CEO Christopher L. Caldwell bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were acquired at an average cost of $35.30 per share, with a total value of $35,300.00. Following the completion of the transaction, the chief executive officer owned 12,000 shares of the company’s stock, valued at approximately $423,600. The trade was a 9.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director David Laforce bought 895 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average cost of $30.00 per share, for a total transaction of $26,850.00. Following the completion of the transaction, the director directly owned 9,859 shares of the company’s stock, valued at approximately $295,770. The trade was a 9.98% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 7,878 shares of company stock valued at $254,748. Insiders own 9.33% of the company’s stock.

Wall Street Analyst Weigh In

CMTV has been the topic of several analyst reports. Weiss Ratings raised shares of Community Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research note on Friday, March 20th. Wall Street Zen raised shares of Community Bancorp to a “hold” rating in a research note on Saturday, March 28th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Community Bancorp Company Profile

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.