Commercial Bancgroup (NASDAQ:CBK) Issues Earnings Results

Commercial Bancgroup (NASDAQ:CBK) issued its earnings results on Monday. The company reported $0.75 earnings per share (EPS) for the quarter, FiscalAI reports.

Commercial Bancgroup Price Performance

Shares of CBK opened at $33.55 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $459.63 million and a PE ratio of 15.11. The firm’s 50 day moving average price is $31.42 and its 200 day moving average price is $28.30. Commercial Bancgroup has a twelve month low of $23.24 and a twelve month high of $34.46.

Commercial Bancgroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This is a boost from Commercial Bancgroup’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.4%. Commercial Bancgroup’s payout ratio is 18.02%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Commercial Bancgroup from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Insider Buying and Selling

In other Commercial Bancgroup news, EVP Philip J. Metheny bought 3,300 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was bought at an average cost of $29.02 per share, with a total value of $95,766.00. Following the completion of the transaction, the executive vice president directly owned 12,732 shares of the company’s stock, valued at approximately $369,482.64. The trade was a 34.99% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 36.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Commercial Bancgroup

Several institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio bought a new stake in Commercial Bancgroup in the fourth quarter worth $29,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Commercial Bancgroup during the fourth quarter worth $46,000. State of Wyoming acquired a new position in Commercial Bancgroup during the first quarter worth $72,000. MetLife Investment Management LLC bought a new position in Commercial Bancgroup during the fourth quarter valued at about $103,000. Finally, State of Tennessee Department of Treasury bought a new position in Commercial Bancgroup during the fourth quarter valued at about $145,000.

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.