Alan Neely Sells 480,524 Shares of Commercial Bancgroup (NASDAQ:CBK) Stock

Key Points

• Director Alan Neely sold 480,524 shares of Commercial Bancgroup (NASDAQ:CBK) at an average price of $23.16, totaling approximately $11.13 million, leading to a 94.58% decrease in his holdings.
• Shares of CBK traded down by $0.20 to $24.35 with a trading volume of 164,169 shares.
• Research firms upgraded CBK's stock ratings, with Hovde Group labeling it a "strong-buy" and the average consensus rating now being "Strong Buy."

Commercial Bancgroup, Inc. (NASDAQ:CBK - Get Free Report) Director Alan Neely sold 480,524 shares of the company's stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $23.16, for a total value of $11,128,935.84. Following the sale, the director owned 27,527 shares of the company's stock, valued at approximately $637,525.32. This represents a 94.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Commercial Bancgroup Price Performance

Shares of CBK traded down $0.20 during trading hours on Friday, hitting $24.35. The company had a trading volume of 164,169 shares.

Analyst Ratings Changes

A number of research firms have recently weighed in on CBK. Hovde Group upgraded shares of Commercial Bancgroup to a "strong-buy" rating in a report on Tuesday. Wall Street Zen upgraded shares of Commercial Bancgroup to a "hold" rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Strong Buy".

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.

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