Hanson & Doremus Investment Management Takes $445,000 Position in Community Bancorp Inc $CMTV

Hanson & Doremus Investment Management acquired a new position in Community Bancorp Inc (NASDAQ:CMTV) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,322 shares of the company’s stock, valued at approximately $445,000.

Insider Transactions at Community Bancorp

In other news, CEO Christopher L. Caldwell acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were purchased at an average price of $35.30 per share, for a total transaction of $35,300.00. Following the completion of the acquisition, the chief executive officer owned 12,000 shares of the company’s stock, valued at approximately $423,600. This represents a 9.09% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Wayne Lamberton acquired 1,350 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was purchased at an average price of $34.32 per share, for a total transaction of $46,332.00. Following the acquisition, the director directly owned 10,045 shares of the company’s stock, valued at $344,744.40. The trade was a 15.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 6.59% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Community Bancorp to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Community Bancorp in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy”.

Community Bancorp Stock Down 2.4%

Shares of NASDAQ:CMTV opened at $40.26 on Tuesday. The firm’s fifty day moving average is $38.66. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. Community Bancorp Inc has a 12-month low of $19.38 and a 12-month high of $42.92. The firm has a market cap of $225.05 million, a price-to-earnings ratio of 12.70 and a beta of 0.41.

Community Bancorp (NASDAQ:CMTV) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.78 earnings per share for the quarter. The business had revenue of $12.69 million for the quarter. Community Bancorp had a net margin of 25.28% and a return on equity of 15.98%.

Community Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, August 1st. Stockholders of record on Wednesday, July 15th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. Community Bancorp’s dividend payout ratio (DPR) is 31.55%.

Community Bancorp Profile

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.