Commercial Bancgroup (NASDAQ:CBK) Releases Quarterly Earnings Results

Key Points

• Commercial Bancgroup reported quarterly earnings of $999.00 EPS for the quarter, according to Zacks.
• Shares traded up to $29.10 midday; the company has a market cap of $398.67 million, a P/E of 19.53, and a 52‑week range of $23.24–$29.89.
• Analyst coverage is mixed: the consensus is a Moderate Buy (one Strong Buy, one Sell), while Weiss Ratings recently restated a "sell" opinion.

Commercial Bancgroup (NASDAQ:CBK - Get Free Report) announced its quarterly earnings data on Monday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports.

Commercial Bancgroup Stock Performance

Commercial Bancgroup stock traded up $0.26 during midday trading on Monday, hitting $29.10. 52,467 shares of the company were exchanged, compared to its average volume of 52,522. The company has a market cap of $398.67 million and a price-to-earnings ratio of 19.53. Commercial Bancgroup has a fifty-two week low of $23.24 and a fifty-two week high of $29.89. The stock's fifty day simple moving average is $26.58. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.05 and a quick ratio of 1.05.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (e)" rating on shares of Commercial Bancgroup in a research note on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Commercial Bancgroup has a consensus rating of "Moderate Buy".

Institutional Trading of Commercial Bancgroup

Several hedge funds and other institutional investors have recently bought and sold shares of CBK. Police & Firemen s Retirement System of New Jersey acquired a new stake in Commercial Bancgroup during the fourth quarter worth about $46,000. MetLife Investment Management LLC acquired a new stake in Commercial Bancgroup during the fourth quarter worth about $103,000. State of Tennessee Department of Treasury acquired a new stake in Commercial Bancgroup in the fourth quarter valued at approximately $145,000. Wells Fargo & Company MN purchased a new stake in shares of Commercial Bancgroup in the fourth quarter valued at approximately $190,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Commercial Bancgroup in the fourth quarter valued at approximately $226,000.

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.

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