Maltese Capital Management LLC Takes Position in Commercial Bancgroup, Inc. $CBK

Maltese Capital Management LLC acquired a new position in Commercial Bancgroup, Inc. (NASDAQ:CBK) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 158,350 shares of the company’s stock, valued at approximately $3,889,000.

Several other institutional investors also recently bought and sold shares of the company. Community Trust & Investment Co. bought a new stake in Commercial Bancgroup during the 4th quarter valued at $9,161,000. Phocas Financial Corp. bought a new position in shares of Commercial Bancgroup during the 4th quarter worth $3,607,000. Polaris Capital Management LLC bought a new position in shares of Commercial Bancgroup during the 4th quarter worth $2,051,000. Rosenthal Henry Capital Advisors Inc. purchased a new position in shares of Commercial Bancgroup during the fourth quarter valued at $1,535,000. Finally, ELCO Management Co. LLC bought a new stake in shares of Commercial Bancgroup in the fourth quarter valued at about $488,000.

Commercial Bancgroup Stock Down 0.1%

Commercial Bancgroup stock opened at $30.75 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25. The firm has a market cap of $421.28 million and a P/E ratio of 13.85. The business has a fifty day moving average of $28.84 and a two-hundred day moving average of $26.60. Commercial Bancgroup, Inc. has a twelve month low of $23.24 and a twelve month high of $31.67.

Commercial Bancgroup (NASDAQ:CBK) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.73 earnings per share (EPS) for the quarter. The company had revenue of $23.07 million during the quarter.

Commercial Bancgroup Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, June 15th. Commercial Bancgroup’s payout ratio is 18.02%.

Insider Transactions at Commercial Bancgroup

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

Wall Street Analyst Weigh In

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

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.