Commercial Bancgroup, Inc. (NASDAQ:CBK) to Issue $0.10 Quarterly Dividend

Key Points

• Commercial Bancgroup (NASDAQ:CBK) declared a quarterly dividend of $0.10 per share; shareholders of record on June 15 will be paid on June 30, representing an annualized yield of about 1.4% (ex-dividend date June 15).
• Shares opened at $29.10 (up 0.9%), with a market cap of about $398.7M, a P/E of 19.53, a 52-week range of $23.24–$29.89, and modest leverage (debt-to-equity 0.28; current and quick ratios 1.05).
• The company’s most recent quarterly release (April 27) reported an EPS of $999.00 for the quarter.

Commercial Bancgroup, Inc. (NASDAQ:CBK - Get Free Report) declared a quarterly dividend on Monday, April 27th. Investors of record on Monday, June 15th will be paid a dividend of 0.10 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 15th.

Commercial Bancgroup Trading Up 0.9%

Shares of Commercial Bancgroup stock opened at $29.10 on Tuesday. The company has a fifty day moving average of $26.64 and a 200 day moving average of $25.52. Commercial Bancgroup has a fifty-two week low of $23.24 and a fifty-two week high of $29.89. The company has a market capitalization of $398.67 million and a P/E ratio of 19.53. 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 (NASDAQ:CBK - Get Free Report) last released its quarterly earnings data on Monday, April 27th. The company reported $999.00 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.