Community Bancorp Inc $CMTV Stock Sold by Community Financial Services Group LLC

Key Points

• Community Financial Services Group LLC reduced its Community Bancorp stake by 65.6% in the third quarter, selling 456,871 shares and retaining 239,622 shares valued at approximately $10.1 million.
• Despite the major sale, other institutional investors—including BlackRock and State Street—recently acquired or increased positions in CMTV. Weiss Ratings also upgraded the stock to “buy (a-),” while analysts maintain a consensus “Strong Buy” rating.
• Community Bancorp increased its quarterly dividend to $0.26 per share, representing an annualized dividend of $1.04 and a yield of about 2.5%. The stock opened at $41.84, near its 52-week high of $43.95.

Community Financial Services Group LLC trimmed its position in shares of Community Bancorp Inc (NASDAQ:CMTV - Free Report) by 65.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 239,622 shares of the company's stock after selling 456,871 shares during the quarter. Community Bancorp makes up 1.5% of Community Financial Services Group LLC's portfolio, making the stock its 21st biggest holding. Community Financial Services Group LLC owned 4.28% of Community Bancorp worth $10,137,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CMTV. BlackRock Inc. acquired a new stake in Community Bancorp in the 2nd quarter valued at about $12,911,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Community Bancorp in the second quarter valued at approximately $2,470,000. Silverlake Wealth Management LLC acquired a new stake in shares of Community Bancorp in the second quarter valued at approximately $2,438,000. State Street Corp increased its stake in shares of Community Bancorp by 488.0% during the 2nd quarter. State Street Corp now owns 56,153 shares of the company's stock worth $2,196,000 after purchasing an additional 46,603 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Community Bancorp during the 1st quarter worth approximately $445,000.

Analyst Upgrades and Downgrades

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 research analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the stock has a consensus rating of "Strong Buy".

Community Bancorp Stock Down 0.5%

CMTV opened at $41.84 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.11. The firm has a market cap of $234.30 million, a P/E ratio of 12.78 and a beta of 0.38. Community Bancorp Inc has a 52 week low of $22.40 and a 52 week high of $43.95. The business's fifty day simple moving average is $41.11 and its 200 day simple moving average is $39.47.

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

Community Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, November 1st. Stockholders of record on Thursday, October 15th will be given a $0.26 dividend. This is an increase from Community Bancorp's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, October 15th. Community Bancorp's dividend payout ratio (DPR) is presently 30.40%.

Community Bancorp Company Profile

Community Bancorp is a bank holding company headquartered in Newport, Vermont. Through its principal subsidiary, Community National Bank, the company provides banking services to individuals, families, businesses and municipalities.

Community National Bank offers deposit accounts, consumer and residential loans, commercial lending, agricultural financing, mortgage products and other related banking services. Its offerings are supported through branch locations and digital banking services, including online and mobile access.

The company primarily serves communities in northern Vermont and nearby areas of New Hampshire.

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