Community Financial Services Group LLC bought a new stake in shares of Community Bancorp Inc (NASDAQ:CMTV - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 696,493 shares of the company's stock, valued at approximately $27,254,000. Community Bancorp comprises 3.9% of Community Financial Services Group LLC's investment portfolio, making the stock its 4th largest holding. Community Financial Services Group LLC owned approximately 12.46% of Community Bancorp at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of CMTV. Kestra Advisory Services LLC purchased a new stake in Community Bancorp during the first quarter valued at $202,000. Bank of America Corp DE purchased a new position in Community Bancorp during the first quarter valued at $416,000. Hanson & Doremus Investment Management bought a new stake in Community Bancorp during the first quarter valued at about $445,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Community Bancorp in the first quarter worth about $1,919,000.
Community Bancorp Stock Performance
Shares of Community Bancorp stock opened at $39.70 on Tuesday. Community Bancorp Inc has a fifty-two week low of $21.99 and a fifty-two week high of $42.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $221.92 million, a P/E ratio of 12.07 and a beta of 0.39. The business has a fifty day moving average price of $39.51.
Community Bancorp (NASDAQ:CMTV - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.84 EPS for the quarter. Community Bancorp had a return on equity of 16.23% and a net margin of 25.65%.The business had revenue of $13.56 million for the quarter.
Community Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Saturday, August 1st. Investors of record on Wednesday, July 15th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, July 15th. Community Bancorp's dividend payout ratio (DPR) is 30.40%.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Community Bancorp in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy".
Get Our Latest Stock Analysis on Community Bancorp
Community Bancorp Profile
(
Free Report)
Community Bancorp NASDAQ: CMTV is a bank holding company that provides commercial banking and related financial services through its subsidiary banking operations. The company focuses on deposit-taking and lending activities typical of community-oriented banks, serving the needs of individual customers, small and medium-sized businesses, and local organizations.
Its primary products and services include core deposit accounts, commercial and consumer lending, mortgage and real estate finance, and payment and treasury management services designed to support local business cash flow and day-to-day banking needs.
See Also
Want to see what other hedge funds are holding CMTV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Community Bancorp Inc (NASDAQ:CMTV - Free Report).
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