Jacobs Asset Management LLC Makes New $7.86 Million Investment in Commercial Bancgroup, Inc. $CBK

Jacobs Asset Management LLC acquired a new position in shares of Commercial Bancgroup, Inc. (NASDAQ:CBK) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 320,000 shares of the company’s stock, valued at approximately $7,859,000. Commercial Bancgroup makes up about 4.4% of Jacobs Asset Management LLC’s holdings, making the stock its 9th largest position.

Other large investors also recently bought and sold shares of the company. Community Trust & Investment Co. purchased a new position in Commercial Bancgroup during the 4th quarter worth $9,161,000. Phocas Financial Corp. purchased a new position in Commercial Bancgroup during the 4th quarter worth $3,607,000. Polaris Capital Management LLC acquired a new position in shares of Commercial Bancgroup during the 4th quarter worth $2,051,000. Rosenthal Henry Capital Advisors Inc. acquired a new position in shares of Commercial Bancgroup during the 4th quarter worth $1,535,000. Finally, ELCO Management Co. LLC acquired a new position in shares of Commercial Bancgroup during the 4th quarter worth $488,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Commercial Bancgroup in a research note on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Insider Buying and Selling

In other Commercial Bancgroup news, EVP Philip J. Metheny acquired 3,300 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were purchased at an average cost of $29.02 per share, with a total value of $95,766.00. Following the purchase, the executive vice president owned 12,732 shares in the company, valued at approximately $369,482.64. The trade was a 34.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 36.20% of the company’s stock.

Commercial Bancgroup Stock Performance

NASDAQ:CBK opened at $30.78 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25. Commercial Bancgroup, Inc. has a fifty-two week low of $23.24 and a fifty-two week high of $31.67. The stock has a market cap of $421.69 million and a PE ratio of 13.86. The firm’s fifty day simple moving average is $28.76 and its 200-day simple moving average is $26.54.

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

Commercial Bancgroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid 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 is 18.02%.

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. 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.