Commercial Bancgroup (NASDAQ:CBK) EVP Buys $95,766.00 in Stock

Commercial Bancgroup, Inc. (NASDAQ:CBK) EVP Philip Metheny acquired 3,300 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Commercial Bancgroup Trading Up 0.1%

Shares of Commercial Bancgroup stock traded up $0.04 during trading on Friday, hitting $29.00. 23,215 shares of the stock were exchanged, compared to its average volume of 55,953. The firm’s 50-day moving average price is $26.79 and its 200 day moving average price is $25.59. Commercial Bancgroup, Inc. has a 12-month low of $23.24 and a 12-month high of $29.89. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.05 and a quick ratio of 1.05.

Commercial Bancgroup (NASDAQ:CBK) last released its quarterly earnings data on Monday, April 27th. The company reported $999.00 earnings per share (EPS) for the quarter. The firm had revenue of $23.07 million for the quarter.

Commercial Bancgroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, June 15th. Commercial Bancgroup’s payout ratio is 26.85%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Strs Ohio acquired a new position in Commercial Bancgroup in the fourth quarter valued at $29,000. Police & Firemen s Retirement System of New Jersey acquired a new position in Commercial Bancgroup in the fourth quarter valued at $46,000. MetLife Investment Management LLC acquired a new position in Commercial Bancgroup in the fourth quarter valued at $103,000. State of Tennessee Department of Treasury acquired a new position in Commercial Bancgroup in the fourth quarter valued at $145,000. Finally, SG Americas Securities LLC acquired a new position in Commercial Bancgroup in the fourth quarter valued at $153,000.

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.