The Manufacturers Life Insurance Company Acquires New Shares in Community Bancorp Inc $CMTV

The Manufacturers Life Insurance Company acquired a new position in shares of Community Bancorp Inc (NASDAQ:CMTV) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 63,174 shares of the company’s stock, valued at approximately $2,470,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Addison Advisors LLC acquired a new position in Community Bancorp in the second quarter valued at about $33,000. Deutsche Bank AG acquired a new stake in shares of Community Bancorp during the second quarter worth about $195,000. Kestra Advisory Services LLC bought a new position in shares of Community Bancorp during the 1st quarter valued at about $202,000. Bank of America Corp DE bought a new position in shares of Community Bancorp during the 1st quarter valued at about $416,000. Finally, Hanson & Doremus Investment Management acquired a new position in shares of Community Bancorp in the 1st quarter valued at approximately $445,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Community Bancorp in a research note on Wednesday, June 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Community Bancorp Price Performance

Shares of NASDAQ CMTV opened at $41.17 on Thursday. The firm has a market cap of $230.55 million, a PE ratio of 12.51 and a beta of 0.39. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11. Community Bancorp Inc has a 1-year low of $21.99 and a 1-year high of $43.76. The company has a fifty day moving average price of $40.00 and a 200 day moving average price of $37.90.

Community Bancorp (NASDAQ:CMTV) last released its earnings results on Tuesday, July 21st. The company reported $0.84 earnings per share (EPS) for the quarter. Community Bancorp had a return on equity of 15.97% and a net margin of 25.65%.The firm had revenue of $13.56 million during the quarter.

Community Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, August 1st. Stockholders of record on Wednesday, July 15th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, July 15th. Community Bancorp’s dividend payout ratio is currently 30.40%.

About Community Bancorp

Community Bancorp (NASDAQ: CMTV) is a bank holding company that provides commercial banking and related financial services through its subsidiary banking operations. The company focuses on deposit-taking and lending activities typical of community-oriented banks, serving the needs of individual customers, small and medium-sized businesses, and local organizations.

Its primary products and services include core deposit accounts, commercial and consumer lending, mortgage and real estate finance, and payment and treasury management services designed to support local business cash flow and day-to-day banking needs.