Commercial Bancgroup (NASDAQ:CBK) Releases Earnings Results

Commercial Bancgroup (NASDAQ:CBK) announced its quarterly earnings data on Monday. The company reported $0.72 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $23.48 million during the quarter.

Commercial Bancgroup Stock Performance

Commercial Bancgroup stock traded down $0.34 on Wednesday, reaching $24.99. The company’s stock had a trading volume of 7,109 shares, compared to its average volume of 44,162. The company’s fifty day moving average is $24.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $305.88 million and a P/E ratio of 32.45. Commercial Bancgroup has a twelve month low of $23.24 and a twelve month high of $26.31.

Analysts Set New Price Targets

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

Insider Buying and Selling at Commercial Bancgroup

In other Commercial Bancgroup news, EVP Philip J. Metheny purchased 4,147 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was acquired at an average cost of $24.12 per share, with a total value of $100,025.64. Following the completion of the acquisition, the executive vice president directly owned 8,313 shares of the company’s stock, valued at $200,509.56. This represents a 99.54% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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.