Commercial Bancgroup (NASDAQ:CBK) Director Sells $33,920.00 in Stock

Commercial Bancgroup, Inc. (NASDAQ:CBK) Director Dennis Robertson sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $33.92, for a total value of $33,920.00. Following the completion of the transaction, the director directly owned 22,453 shares of the company’s stock, valued at approximately $761,605.76. This represents a 4.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Commercial Bancgroup Trading Down 2.6%

Shares of Commercial Bancgroup stock opened at $32.64 on Friday. The stock has a fifty day moving average price of $32.51 and a 200-day moving average price of $30.19. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $447.20 million and a PE ratio of 11.10. Commercial Bancgroup, Inc. has a 1 year low of $23.24 and a 1 year high of $35.78.

Commercial Bancgroup (NASDAQ:CBK) last posted its quarterly earnings results on Monday, October 26th. The company reported $0.79 earnings per share for the quarter. Commercial Bancgroup had a net margin of 30.80% and a return on equity of 13.75%. The company had revenue of $25.19 million during the quarter.

Commercial Bancgroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, December 15th. Commercial Bancgroup’s dividend payout ratio (DPR) is currently 16.33%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its holdings in Commercial Bancgroup by 4,377.0% in the 3rd quarter. Sterling Capital Management LLC now owns 7,790 shares of the company’s stock worth $244,000 after purchasing an additional 7,616 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Commercial Bancgroup during the 2nd quarter valued at about $425,000. Bank of America Corp DE bought a new stake in shares of Commercial Bancgroup during the 2nd quarter valued at about $649,000. Raffles Associates LP purchased a new position in shares of Commercial Bancgroup during the second quarter valued at about $7,527,000. Finally, PDT Partners LLC bought a new position in Commercial Bancgroup in the second quarter worth about $1,006,000.

Analyst Ratings Changes

A number of brokerages have recently commented on CBK. Weiss Ratings raised Commercial Bancgroup from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. Hovde Group increased their price target on Commercial Bancgroup from $34.00 to $39.50 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Commercial Bancgroup presently has a consensus rating of “Hold” and a consensus target price of $39.50.

Commercial Bancgroup Company Profile

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.