Community Financial Services Group LLC Invests $27.25 Million in Community Bancorp Inc $CMTV

Community Financial Services Group LLC bought a new position in Community Bancorp Inc (NASDAQ:CMTV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 696,493 shares of the company’s stock, valued at approximately $27,254,000. Community Bancorp makes up 3.9% of Community Financial Services Group LLC’s holdings, making the stock its 4th largest position. Community Financial Services Group LLC owned 0.12% of Community Bancorp at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CMTV. The Manufacturers Life Insurance Company bought a new stake in shares of Community Bancorp in the 1st quarter worth about $1,919,000. Hanson & Doremus Investment Management purchased a new stake in shares of Community Bancorp during the 1st quarter valued at about $445,000. Bank of America Corp DE bought a new position in shares of Community Bancorp in the 1st quarter valued at about $416,000. Finally, Kestra Advisory Services LLC purchased a new position in Community Bancorp in the first quarter worth about $202,000.

Wall Street Analyst Weigh In

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

Community Bancorp Stock Down 0.4%

CMTV stock opened at $39.70 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94. Community Bancorp Inc has a twelve month low of $21.99 and a twelve month high of $42.92. The company has a market capitalization of $221.92 million, a PE ratio of 12.07 and a beta of 0.39. The company’s fifty day moving average price is $39.51.

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 net margin of 25.65% and a return on equity of 16.23%. The firm had revenue of $13.56 million during the quarter.

Community Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, August 1st. Investors of record on Wednesday, July 15th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, July 15th. Community Bancorp’s dividend payout ratio (DPR) is currently 30.40%.

Community Bancorp Company 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.