Silverlake Wealth Management LLC Takes $2.44 Million Position in Community Bancorp Inc $CMTV

Silverlake Wealth Management LLC acquired a new stake in Community Bancorp Inc (NASDAQ:CMTV) in the 2nd quarter, HoldingsChannel.com reports. The fund acquired 62,351 shares of the company’s stock, valued at approximately $2,438,000.

Several other large investors have also bought and sold shares of the company. Kestra Advisory Services LLC acquired a new position in Community Bancorp during the first quarter worth about $202,000. Bank of America Corp DE acquired a new stake in Community Bancorp in the 1st quarter valued at about $416,000. Hanson & Doremus Investment Management acquired a new stake in Community Bancorp in the 1st quarter valued at about $445,000. Bank of New York Mellon Corp acquired a new stake in Community Bancorp in the 2nd quarter valued at about $467,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Community Bancorp during the 1st quarter valued at about $1,919,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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.com, Community Bancorp presently has an average rating of “Buy”.

Community Bancorp Stock Performance

Shares of NASDAQ:CMTV opened at $41.93 on Friday. Community Bancorp Inc has a one year low of $21.99 and a one year high of $43.76. The firm’s fifty day moving average is $39.82. The firm has a market cap of $234.39 million, a P/E ratio of 12.74 and a beta of 0.39. 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 (NASDAQ:CMTV) last released its quarterly earnings data on Tuesday, July 21st. The company reported $0.84 earnings per share for the quarter. The business had revenue of $13.56 million during the quarter. Community Bancorp had a return on equity of 16.23% and a net margin of 25.65%.

Community Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, August 1st. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, July 15th. Community Bancorp’s dividend payout ratio 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.