Commercial Bancgroup, Inc. (NASDAQ:CBK) to Issue Quarterly Dividend of $0.12

Key Points

• Commercial Bancgroup declared a quarterly dividend of $0.12 per share, payable December 30 to shareholders of record on December 15. The dividend equates to $0.48 annually and a 1.5% yield.
• Shares rose 2.0% to $32.64 during Tuesday trading, with the stock valued at approximately $447 million and trading at a P/E ratio of 11.18.
• The company reported quarterly EPS of $0.79 on revenue of $25.19 million, along with a 30.07% net margin and 14.06% return on equity.

Commercial Bancgroup, Inc. (NASDAQ:CBK - Get Free Report) announced a quarterly dividend on Monday, October 26th. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.12 per share on Wednesday, December 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, December 15th.

Commercial Bancgroup Trading Up 2.0%

Shares of NASDAQ CBK traded up $0.64 during midday trading on Tuesday, reaching $32.64. 61,344 shares of the stock were exchanged, compared to its average volume of 56,058. The stock has a 50 day moving average price of $32.77 and a 200-day moving average price of $29.82. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $447.17 million and a P/E ratio of 11.18. Commercial Bancgroup has a 52-week low of $23.24 and a 52-week high of $35.78.

Commercial Bancgroup (NASDAQ:CBK - Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The company reported $0.79 earnings per share (EPS) for the quarter. Commercial Bancgroup had a net margin of 30.07% and a return on equity of 14.06%. The business had revenue of $25.19 million for the quarter.

About Commercial Bancgroup

Commercial Bancgroup, Inc is a bank holding company headquartered in Tennessee. Through its banking subsidiary, Commercial Bank, the company provides financial services to individuals, families, businesses and organizations in the communities it serves.

Commercial Bank's offerings generally include deposit accounts such as checking, savings and certificates of deposit, along with lending products for commercial, real estate, residential mortgage and consumer purposes. The bank also provides services such as online and mobile banking, debit cards, electronic payments and other traditional banking solutions.

The company operates as a community-focused financial institution serving customers in Tennessee and surrounding areas through a network of banking offices and digital channels.

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