19,706 Shares in Commercial Bancgroup, Inc. $CBK Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of Commercial Bancgroup, Inc. (NASDAQ:CBK) during the second quarter, HoldingsChannel.com reports. The firm bought 19,706 shares of the company’s stock, valued at approximately $636,000.

Several other large investors have also added to or reduced their stakes in CBK. ELCO Management Co. LLC bought a new position in shares of Commercial Bancgroup in the fourth quarter worth approximately $488,000. Polaris Capital Management LLC bought a new stake in Commercial Bancgroup in the 4th quarter valued at $2,051,000. Maltese Capital Management LLC bought a new stake in shares of Commercial Bancgroup in the fourth quarter worth about $3,889,000. Petiole USA ltd bought a new stake in Commercial Bancgroup in the 4th quarter worth approximately $7,675,000. Finally, Pacific Ridge Capital Partners LLC bought a new stake in Commercial Bancgroup in the fourth quarter worth $3,428,000.

Analyst Ratings Changes

CBK has been the topic of a number of recent research reports. Weiss Ratings upgraded Commercial Bancgroup from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 1st. Hovde Group raised their price target on shares of Commercial Bancgroup from $34.00 to $39.50 and gave the stock an “outperform” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Commercial Bancgroup has an average rating of “Hold” and an average price target of $39.50.

Commercial Bancgroup Trading Up 0.3%

CBK opened at $33.93 on Friday. The firm has a market cap of $464.84 million and a price-to-earnings ratio of 11.62. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $33.36 and a 200-day moving average price of $29.52. Commercial Bancgroup, Inc. has a 12 month low of $23.24 and a 12 month high of $35.78.

Commercial Bancgroup (NASDAQ:CBK) last released its quarterly earnings results on Monday, July 27th. The company reported $0.75 earnings per share for the quarter. Commercial Bancgroup had a net margin of 30.07% and a return on equity of 14.06%. The business had revenue of $24.16 million for the quarter.

Commercial Bancgroup Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. This is a boost from Commercial Bancgroup’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, September 15th. Commercial Bancgroup’s dividend payout ratio (DPR) is 13.70%.

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.