Sei Investments Co. Has $1.26 Million Stock Holdings in Commercial Bancgroup, Inc. $CBK

Sei Investments Co. boosted its stake in Commercial Bancgroup, Inc. (NASDAQ:CBK) by 93.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 48,414 shares of the company’s stock after acquiring an additional 23,346 shares during the quarter. Sei Investments Co.’s holdings in Commercial Bancgroup were worth $1,260,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CBK. Phocas Financial Corp. bought a new stake in shares of Commercial Bancgroup during the fourth quarter worth $3,607,000. ELCO Management Co. LLC bought a new position in shares of Commercial Bancgroup in the 4th quarter valued at $488,000. Polaris Capital Management LLC acquired a new stake in shares of Commercial Bancgroup during the 4th quarter valued at $2,051,000. Maltese Capital Management LLC bought a new stake in Commercial Bancgroup during the 4th quarter worth $3,889,000. Finally, Rosenthal Henry Capital Advisors Inc. bought a new position in Commercial Bancgroup in the fourth quarter valued at about $1,535,000.

Analyst Upgrades and Downgrades

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

Commercial Bancgroup Stock Down 0.1%

Commercial Bancgroup stock opened at $34.67 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.06 and a current ratio of 1.06. Commercial Bancgroup, Inc. has a 52-week low of $23.24 and a 52-week high of $35.72. The firm has a 50 day moving average price of $32.70 and a two-hundred day moving average price of $29.06. The firm has a market cap of $474.98 million and a price-to-earnings ratio of 11.87.

Commercial Bancgroup (NASDAQ:CBK) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.75 earnings per share (EPS) for the quarter. Commercial Bancgroup had a net margin of 30.07% and a return on equity of 14.06%. The firm had revenue of $32.80 million for the quarter.

Commercial Bancgroup Increases Dividend

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

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.