Community Bancorp (NASDAQ:CMTV) Issues Quarterly Earnings Results

Key Points

• Community Bancorp reported quarterly EPS of $0.91 on revenue of $13.56 million.
• CMTV shares fell 0.5% to $41.69, while the company’s market capitalization stood at approximately $233.5 million.
• The company raised its quarterly dividend to $0.26 per share, or $1.04 annually, producing a 2.5% yield; Weiss Ratings also upgraded the stock, which carries a consensus “Strong Buy” rating.

Community Bancorp (NASDAQ:CMTV - Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.91 EPS for the quarter, Zacks reports. The firm had revenue of $13.56 million for the quarter.

Community Bancorp Stock Down 0.5%

CMTV stock traded down $0.20 during trading on Wednesday, hitting $41.69. The company had a trading volume of 41,452 shares. Community Bancorp has a 52-week low of $22.65 and a 52-week high of $43.95. The company has a 50 day simple moving average of $41.35 and a 200-day simple moving average of $38.70. The firm has a market capitalization of $233.48 million, a P/E ratio of 12.67 and a beta of 0.38.

Community Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, November 1st. Investors of record on Thursday, October 15th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.04 annualized dividend and a yield of 2.5%. This is a boost from Community Bancorp's previous quarterly dividend of $0.25. Community Bancorp's payout ratio is 31.61%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Community Bancorp from a "buy (b)" rating to a "buy (a-)" rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

About Community Bancorp

Community Bancorp is a bank holding company headquartered in Vermont. Through its principal subsidiary, Community National Bank, the company provides community banking services to individuals, families, farmers and businesses in northern Vermont and nearby areas.

Community National Bank offers a range of deposit products, residential and commercial real estate financing, agricultural and business loans, consumer lending and other credit services. Its banking services also include online and mobile banking, cash-management solutions and other products designed to support personal and commercial financial needs.

Community Bancorp has roots in Vermont community banking and operates through a network of branches and banking offices serving local communities across the state.

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