Commercial Bancgroup, Inc. (NASDAQ:CBK) Stock to Pay Quarterly Dividend of $0.12

Commercial Bancgroup, Inc. (NASDAQ:CBK) announced a quarterly dividend on Monday, October 26th. Investors of record on Tuesday, December 15th will be given a dividend of $0.12 per share on Wednesday, December 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, December 15th.

Commercial Bancgroup Stock Performance

Commercial Bancgroup stock traded up $0.64 during mid-day trading on Tuesday, reaching $32.64. The company’s stock had a trading volume of 61,344 shares, compared to its average volume of 56,058. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.24. Commercial Bancgroup has a twelve month low of $23.24 and a twelve month high of $35.78. The business has a 50 day moving average price of $32.77 and a 200-day moving average price of $29.82. The firm has a market cap of $447.17 million and a price-to-earnings ratio of 11.18.

Commercial Bancgroup (NASDAQ:CBK) last issued its earnings results on Monday, October 26th. The company reported $0.79 earnings per share for the quarter. Commercial Bancgroup had a net margin of 30.07% and a return on equity of 14.06%. The company had revenue of $25.19 million for the quarter.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CBK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Commercial Bancgroup in a research report on Monday, September 28th. Hovde Group increased their price objective on shares of Commercial Bancgroup from $34.00 to $39.50 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.50.

About Commercial Bancgroup

Commercial Bancgroup, Inc is a bank holding company headquartered in Tennessee. Through its banking subsidiary, Commercial Bank, the company provides financial services to individuals, families, businesses and organizations in the communities it serves.

Commercial Bank’s offerings generally include deposit accounts such as checking, savings and certificates of deposit, along with lending products for commercial, real estate, residential mortgage and consumer purposes. The bank also provides services such as online and mobile banking, debit cards, electronic payments and other traditional banking solutions.

The company operates as a community-focused financial institution serving customers in Tennessee and surrounding areas through a network of banking offices and digital channels.