Phocas Financial Corp. Acquires Shares of 146,869 Commercial Bancgroup, Inc. $CBK

Phocas Financial Corp. acquired a new stake in shares of Commercial Bancgroup, Inc. (NASDAQ:CBK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 146,869 shares of the company’s stock, valued at approximately $3,607,000. Phocas Financial Corp. owned about 1.20% of Commercial Bancgroup at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Community Trust & Investment Co. bought a new position in Commercial Bancgroup during the 4th quarter valued at $9,161,000. Daytona Street Capital LLC bought a new position in Commercial Bancgroup during the 4th quarter valued at $381,000. Finally, SG Americas Securities LLC bought a new position in Commercial Bancgroup during the 4th quarter valued at $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 investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Commercial Bancgroup has a consensus rating of “Moderate Buy”.

Commercial Bancgroup Stock Performance

Commercial Bancgroup stock opened at $28.15 on Wednesday. The business has a 50-day simple moving average of $26.17. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.05 and a current ratio of 1.05. Commercial Bancgroup, Inc. has a 1 year low of $23.24 and a 1 year high of $28.31. The company has a market cap of $385.66 million and a P/E ratio of 18.89.

Commercial Bancgroup (NASDAQ:CBK) last posted its quarterly earnings results on Monday, January 26th. The company reported $0.72 earnings per share (EPS) for the quarter. The business had revenue of $23.48 million during the quarter.

Commercial Bancgroup Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Sunday, March 15th were given a $0.10 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.40 annualized dividend and a yield of 1.4%. Commercial Bancgroup’s dividend payout ratio (DPR) is currently 26.85%.

Commercial Bancgroup Company Profile

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.