Petiole USA ltd Takes Position in Commercial Bancgroup, Inc. $CBK

Petiole USA ltd purchased a new stake in Commercial Bancgroup, Inc. (NASDAQ:CBK) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 312,500 shares of the company’s stock, valued at approximately $7,675,000. Commercial Bancgroup accounts for approximately 4.2% of Petiole USA ltd’s holdings, making the stock its 5th largest holding.

A number of other large investors have also added to or reduced their stakes in the stock. Strs Ohio bought a new position in Commercial Bancgroup during the 4th quarter worth $29,000. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Commercial Bancgroup during the 4th quarter worth $46,000. MetLife Investment Management LLC bought a new position in shares of Commercial Bancgroup in the fourth quarter worth $103,000. State of Tennessee Department of Treasury bought a new position in shares of Commercial Bancgroup in the fourth quarter worth $145,000. Finally, SG Americas Securities LLC acquired a new position in Commercial Bancgroup in the fourth quarter valued at about $153,000.

Wall Street Analyst Weigh In

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

Insider Transactions at Commercial Bancgroup

In other Commercial Bancgroup news, EVP Philip J. Metheny bought 3,300 shares of the stock in a transaction on Thursday, April 30th. The stock was purchased at an average price of $29.02 per share, with a total value of $95,766.00. Following the completion of the purchase, the executive vice president owned 12,732 shares in the company, valued at $369,482.64. The trade was a 34.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 36.20% of the stock is currently owned by corporate insiders.

Commercial Bancgroup Stock Up 0.9%

Shares of CBK opened at $31.36 on Friday. The firm has a 50 day simple moving average of $29.09 and a two-hundred day simple moving average of $26.74. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.06 and a quick ratio of 1.06. Commercial Bancgroup, Inc. has a one year low of $23.24 and a one year high of $31.67. The company has a market cap of $429.63 million and a P/E ratio of 14.13.

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

Commercial Bancgroup Announces Dividend

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

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.