Ballast Inc. Purchases Shares of 18,975 Commercial Bancgroup, Inc. $CBK

Ballast Inc. acquired a new position in Commercial Bancgroup, Inc. (NASDAQ:CBK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 18,975 shares of the company’s stock, valued at approximately $466,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CBK. SG Americas Securities LLC bought a new position in Commercial Bancgroup in the fourth quarter worth about $153,000. Community Trust & Investment Co. purchased a new position in shares of Commercial Bancgroup during the 4th quarter worth approximately $9,161,000. Phocas Financial Corp. purchased a new position in shares of Commercial Bancgroup during the 4th quarter worth approximately $3,607,000. Daytona Street Capital LLC bought a new position in shares of Commercial Bancgroup in the 4th quarter worth approximately $381,000. Finally, Rosenthal Henry Capital Advisors Inc. purchased a new position in shares of Commercial Bancgroup in the 4th quarter valued at approximately $1,535,000.

Commercial Bancgroup Price Performance

Shares of NASDAQ CBK opened at $29.11 on Friday. The firm has a market cap of $398.75 million and a P/E ratio of 13.11. Commercial Bancgroup, Inc. has a twelve month low of $23.24 and a twelve month high of $29.89. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $26.93 and a 200 day moving average of $25.70.

Commercial Bancgroup (NASDAQ:CBK) last issued its earnings results on Monday, April 27th. The company reported $999.00 EPS for the quarter. The business had revenue of $23.07 million for the quarter.

Commercial Bancgroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. Commercial Bancgroup’s dividend payout ratio (DPR) is 18.02%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Commercial Bancgroup in a research report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Insider Buying and Selling

In other Commercial Bancgroup news, EVP Philip J. Metheny acquired 3,300 shares of Commercial Bancgroup stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average cost of $29.02 per share, for a total transaction of $95,766.00. Following the acquisition, the executive vice president owned 12,732 shares of the company’s stock, valued at $369,482.64. This represents a 34.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 36.20% of the company’s stock.

Commercial Bancgroup 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.