Silverlake Wealth Management LLC Purchases Shares of 62,351 Community Bancorp Inc $CMTV

Silverlake Wealth Management LLC purchased a new stake in shares of Community Bancorp Inc (NASDAQ:CMTV) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 62,351 shares of the company’s stock, valued at approximately $2,438,000. Silverlake Wealth Management LLC owned about 1.12% of Community Bancorp at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CMTV. Kestra Advisory Services LLC bought a new position in Community Bancorp in the 1st quarter worth approximately $202,000. Bank of America Corp DE acquired a new stake in Community Bancorp in the 1st quarter valued at approximately $416,000. Hanson & Doremus Investment Management bought a new stake in Community Bancorp during the 1st quarter valued at $445,000. Bank of New York Mellon Corp bought a new stake in Community Bancorp during the 2nd quarter valued at $467,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Community Bancorp during the 1st quarter valued at $1,919,000.

Community Bancorp Trading Up 2.9%

Community Bancorp stock opened at $41.93 on Friday. Community Bancorp Inc has a 52 week low of $21.99 and a 52 week high of $43.76. The firm has a market cap of $234.39 million, a PE ratio of 12.74 and a beta of 0.39. The firm’s 50-day moving average is $39.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.94.

Community Bancorp (NASDAQ:CMTV) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $0.84 earnings per share for the quarter. The company had revenue of $13.56 million during the quarter. Community Bancorp had a net margin of 25.65% and a return on equity of 16.23%.

Community Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, August 1st. Investors of record on Wednesday, July 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $1.00 annualized dividend and a yield of 2.4%. Community Bancorp’s payout ratio is presently 30.40%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Community Bancorp in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Community Bancorp 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.