Commercial Bancgroup (NASDAQ:CBK) Director Dennis Michael Robertson Sells 1,000 Shares of Stock

Commercial Bancgroup, Inc. (NASDAQ:CBK) Director Dennis Robertson sold 1,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $33.92, for a total value of $33,920.00. Following the transaction, the director directly owned 22,453 shares of the company’s stock, valued at approximately $761,605.76. This represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Commercial Bancgroup Stock Down 1.9%

CBK stock opened at $33.05 on Wednesday. The company’s 50 day moving average price is $32.55 and its 200 day moving average price is $30.11. The firm has a market capitalization of $452.78 million and a price-to-earnings ratio of 11.26. Commercial Bancgroup, Inc. has a fifty-two week low of $23.24 and a fifty-two week high of $35.78. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.06 and a current ratio of 1.06.

Commercial Bancgroup (NASDAQ:CBK) last issued its quarterly earnings results on Monday, October 26th. The company reported $0.79 earnings per share (EPS) for the quarter. Commercial Bancgroup had a net margin of 30.80% and a return on equity of 13.75%. The company had revenue of $25.19 million during the quarter.

Commercial Bancgroup Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Tuesday, December 15th will be given a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. Commercial Bancgroup’s dividend payout ratio is currently 16.33%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Commercial Bancgroup from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. Hovde Group increased their target price on Commercial Bancgroup from $34.00 to $39.50 and gave the company an “outperform” rating in a report on Thursday, July 30th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.50.

Institutional Investors Weigh In On Commercial Bancgroup

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in Commercial Bancgroup by 6.5% in the first quarter. Renaissance Technologies LLC now owns 9,800 shares of the company’s stock valued at $255,000 after purchasing an additional 600 shares during the last quarter. Legal & General Group Plc acquired a new stake in Commercial Bancgroup during the second quarter worth approximately $27,000. State of Wyoming acquired a new stake in Commercial Bancgroup during the first quarter worth approximately $72,000. Bank of New York Mellon Corp lifted its position in shares of Commercial Bancgroup by 23.0% during the 1st quarter. Bank of New York Mellon Corp now owns 15,859 shares of the company’s stock worth $413,000 after buying an additional 2,970 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Commercial Bancgroup by 4,377.0% during the 3rd quarter. Sterling Capital Management LLC now owns 7,790 shares of the company’s stock worth $244,000 after buying an additional 7,616 shares during the last quarter.

About Commercial Bancgroup

Commercial Bancgroup, Inc is a bank holding company headquartered in Tennessee. Through its banking subsidiary, Commercial Bank, the company provides financial services to individuals, families, businesses and organizations in the communities it serves.

Commercial Bank’s offerings generally include deposit accounts such as checking, savings and certificates of deposit, along with lending products for commercial, real estate, residential mortgage and consumer purposes. The bank also provides services such as online and mobile banking, debit cards, electronic payments and other traditional banking solutions.

The company operates as a community-focused financial institution serving customers in Tennessee and surrounding areas through a network of banking offices and digital channels.