BlackRock Inc. Takes $12.91 Million Position in Community Bancorp Inc $CMTV

Key Points

• BlackRock acquired 330,212 shares of Community Bancorp during the second quarter, worth approximately $12.91 million and representing about 5.91% of the company.
• Community Bancorp reported quarterly EPS of $0.84 on $13.56 million in revenue, with a 15.97% return on equity and a 25.65% net margin.
• The company paid a quarterly dividend of $0.25, equivalent to $1.00 annually and a 2.5% yield; its stock was recently trading near $39.96, while analysts maintained an overall “Buy” rating.

BlackRock Inc. bought a new position in shares of Community Bancorp Inc (NASDAQ:CMTV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 330,212 shares of the company's stock, valued at approximately $12,911,000. BlackRock Inc. owned about 5.91% of Community Bancorp as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Hanson & Doremus Investment Management acquired a new position in shares of Community Bancorp during the 1st quarter valued at about $445,000. Kestra Advisory Services LLC acquired a new position in Community Bancorp during the first quarter worth $202,000. The Manufacturers Life Insurance Company acquired a new position in Community Bancorp during the 1st quarter worth about $1,919,000. Bank of America Corp DE purchased a new position in shares of Community Bancorp in the first quarter valued at approximately $416,000. Finally, Community Financial Services Group LLC purchased a new position in Community Bancorp in the 2nd quarter valued at approximately $27,254,000.

Community Bancorp Trading Down 3.2%

NASDAQ CMTV opened at $39.96 on Friday. The company's 50 day moving average price is $40.09 and its 200 day moving average price is $37.98. Community Bancorp Inc has a one year low of $21.99 and a one year high of $43.76. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $223.78 million, a price-to-earnings ratio of 12.15 and a beta of 0.39.

Community Bancorp (NASDAQ:CMTV - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $0.84 earnings per share (EPS) for the quarter. Community Bancorp had a return on equity of 15.97% and a net margin of 25.65%.The firm had revenue of $13.56 million during the quarter.

Community Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, August 1st. Stockholders of record on Wednesday, July 15th were paid a $0.25 dividend. The ex-dividend date was Wednesday, July 15th. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. Community Bancorp's dividend payout ratio is 30.40%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Community Bancorp in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

Community Bancorp Company Profile

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.