Community Trust & Investment Co. Makes New $9.16 Million Investment in Commercial Bancgroup, Inc. $CBK

Key Points

• Community Trust & Investment Co. purchased 373,000 shares of Commercial Bancgroup in Q4 — a new stake valued at approximately $9.16 million, representing about a 3.05% ownership position.
• Commercial Bancgroup declared a quarterly dividend of $0.10 per share (annualized $0.40, yield 1.6%) payable March 31 with an ex-dividend date of March 13; the company last reported quarterly earnings of $0.72 per share on $23.48 million in revenue.

Community Trust & Investment Co. purchased a new stake in shares of Commercial Bancgroup, Inc. (NASDAQ:CBK - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 373,000 shares of the company's stock, valued at approximately $9,161,000. Community Trust & Investment Co. owned about 3.05% of Commercial Bancgroup at the end of the most recent reporting period.

Separately, SG Americas Securities LLC purchased a new stake in shares of Commercial Bancgroup in the 4th quarter valued at $153,000.

Commercial Bancgroup Trading Up 2.1%

CBK opened at $25.10 on Tuesday. Commercial Bancgroup, Inc. has a 12 month low of $23.24 and a 12 month high of $27.83. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.03 and a current ratio of 1.05. The business has a 50-day moving average of $25.82. The stock has a market capitalization of $307.22 million and a P/E ratio of 16.85.

Commercial Bancgroup (NASDAQ:CBK - Get Free Report) last issued its earnings results on Monday, January 26th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $23.48 million for the quarter.

Commercial Bancgroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Sunday, March 15th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, March 13th. Commercial Bancgroup's dividend payout ratio is 26.85%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of Commercial Bancgroup in a report on Friday, December 26th. They set a "sell (e)" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Commercial Bancgroup Company Profile

We are a bank holding company headquartered in Harrogate, Tennessee, and have elected under the Bank Holding Company Act of 1956, as amended (the “BHC Act”), to become a financial holding company. We were incorporated in Tennessee in 1975, and we operate primarily through our wholly owned bank subsidiary, Commercial Bank, a Tennessee banking corporation organized in 1976. The Bank is a full-service community banking institution that offers traditional consumer and commercial products and services to serve businesses and individuals in select markets in Kentucky, North Carolina, and Tennessee.

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