Petiole USA ltd Takes $7.67 Million Position in Commercial Bancgroup, Inc. $CBK

Petiole USA ltd bought a new stake in Commercial Bancgroup, Inc. (NASDAQ:CBK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 312,500 shares of the company’s stock, valued at approximately $7,675,000. Commercial Bancgroup makes up 4.2% of Petiole USA ltd’s holdings, making the stock its 5th biggest position. Petiole USA ltd owned about 2.55% of Commercial Bancgroup as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Strs Ohio bought a new stake in Commercial Bancgroup during the fourth quarter worth $29,000. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Commercial Bancgroup in the 4th quarter valued at about $46,000. MetLife Investment Management LLC acquired a new position in shares of Commercial Bancgroup during the 4th quarter worth about $103,000. State of Tennessee Department of Treasury bought a new stake in shares of Commercial Bancgroup in the 4th quarter valued at about $145,000. Finally, SG Americas Securities LLC bought a new stake in shares of Commercial Bancgroup in the 4th quarter valued at about $153,000.

Commercial Bancgroup Price Performance

Commercial Bancgroup stock opened at $31.36 on Friday. The company has a market capitalization of $429.63 million and a price-to-earnings ratio of 14.13. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.25. Commercial Bancgroup, Inc. has a 12 month low of $23.24 and a 12 month high of $31.67. The stock’s 50 day moving average is $29.09 and its 200-day moving average is $26.74.

Commercial Bancgroup (NASDAQ:CBK) last released its quarterly earnings results on Monday, April 27th. The company reported $0.73 earnings per share for the quarter. The firm had revenue of $23.07 million for the quarter.

Commercial Bancgroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. Commercial Bancgroup’s dividend payout ratio (DPR) is currently 18.02%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Commercial Bancgroup in a report on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Insider Buying and Selling at Commercial Bancgroup

In other Commercial Bancgroup news, EVP Philip J. Metheny bought 3,300 shares of Commercial Bancgroup stock in a transaction dated Thursday, April 30th. The stock was bought at an average price of $29.02 per share, with a total value of $95,766.00. Following the completion of the transaction, the executive vice president owned 12,732 shares in the company, valued at $369,482.64. The trade was a 34.99% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 36.20% of the company’s stock.

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.