Commercial Bancgroup, Inc. (NASDAQ:CBK) Increases Dividend to $0.12 Per Share

Commercial Bancgroup, Inc. (NASDAQ:CBK) announced a quarterly dividend on Monday, July 27th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.12 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 20.0% increase from Commercial Bancgroup’s previous quarterly dividend of $0.10.

Commercial Bancgroup Stock Performance

CBK opened at $33.55 on Tuesday. Commercial Bancgroup has a 52-week low of $23.24 and a 52-week high of $34.46. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25. The company has a market cap of $459.63 million and a P/E ratio of 15.11. The firm’s 50-day moving average price is $31.42 and its 200-day moving average price is $28.30.

Commercial Bancgroup (NASDAQ:CBK) last released its earnings results on Monday, July 27th. The company reported $0.75 EPS for the quarter.

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.