James Shoffner Purchases 14,583 Shares of Commercial Bancgroup (NASDAQ:CBK) Stock

Commercial Bancgroup, Inc. (NASDAQ:CBK) Director James Shoffner bought 14,583 shares of the firm’s stock in a transaction dated Friday, October 3rd. The stock was purchased at an average price of $24.00 per share, with a total value of $349,992.00. Following the completion of the purchase, the director directly owned 14,583 shares of the company’s stock, valued at approximately $349,992. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Commercial Bancgroup Stock Down 0.7%

NASDAQ CBK opened at $24.27 on Friday. Commercial Bancgroup, Inc. has a 12 month low of $23.36 and a 12 month high of $25.89.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CBK shares. Wall Street Zen upgraded shares of Commercial Bancgroup to a “hold” rating in a research note on Saturday, October 11th. Hovde Group raised shares of Commercial Bancgroup to a “strong-buy” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

About Commercial Bancgroup

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.