Commercial Bancgroup (NASDAQ:CBK) Insider John Adam Robertson Sells 2,898,796 Shares

Key Points

• Insider John Adam Robertson sold 2,898,796 shares of Commercial Bancgroup (NASDAQ:CBK) at an average price of $23.16, totaling approximately $67.1 million, which represents a 56.80% decrease in his holdings.
• Following the sale, Robertson retained 2,204,392 shares valued at about $51.05 million.
• Commercial Bancgroup received a recent upgrade to a "strong-buy" rating from Hovde Group, contributing to a current consensus rating of "Strong Buy" among analysts.

Commercial Bancgroup, Inc. (NASDAQ:CBK - Get Free Report) insider John Adam Robertson sold 2,898,796 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $23.16, for a total value of $67,136,115.36. Following the completion of the sale, the insider owned 2,204,392 shares of the company's stock, valued at approximately $51,053,718.72. This trade represents a 56.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Commercial Bancgroup Price Performance

Shares of Commercial Bancgroup stock traded down $0.20 during trading hours on Friday, hitting $24.35. 164,169 shares of the company's stock traded hands.

Analyst Upgrades and Downgrades

CBK has been the topic of a number of recent research reports. Hovde Group upgraded shares of Commercial Bancgroup to a "strong-buy" rating in a research report on Tuesday. Wall Street Zen upgraded Commercial Bancgroup to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus 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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