Polaris Capital Management LLC Takes Position in Commercial Bancgroup, Inc. $CBK

Key Points

• Polaris Capital Management purchased a new stake of 83,500 shares in Commercial Bancgroup (NASDAQ:CBK) in Q4, valued at about $2.05 million, representing roughly 0.68% ownership.
• Other institutions also initiated or increased positions in Q4, led by Community Trust & Investment Co.'s $9.16 million stake, indicating growing institutional interest.
• CBK trades near $28.84 with a market cap of about $395 million and a P/E of ~19.4; the company pays a quarterly dividend of $0.10 (annualized yield ~1.4%), while analyst opinions are mixed (average "Moderate Buy", with Weiss Ratings reiterating a "sell").

Polaris Capital Management LLC purchased a new stake in Commercial Bancgroup, Inc. (NASDAQ:CBK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 83,500 shares of the company's stock, valued at approximately $2,051,000. Polaris Capital Management LLC owned about 0.68% of Commercial Bancgroup as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Commercial Bancgroup during the 4th quarter valued at $153,000. Daytona Street Capital LLC bought a new stake in Commercial Bancgroup during the 4th quarter worth $381,000. Rosenthal Henry Capital Advisors Inc. bought a new stake in Commercial Bancgroup during the 4th quarter worth $1,535,000. Phocas Financial Corp. bought a new stake in Commercial Bancgroup during the 4th quarter worth $3,607,000. Finally, Community Trust & Investment Co. bought a new stake in Commercial Bancgroup during the 4th quarter worth $9,161,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (e)" rating on shares of Commercial Bancgroup in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Commercial Bancgroup presently has an average rating of "Moderate Buy".

Commercial Bancgroup Stock Down 0.8%

CBK stock opened at $28.84 on Friday. The firm has a fifty day moving average price of $26.58. Commercial Bancgroup, Inc. has a 12-month low of $23.24 and a 12-month high of $29.89. The firm has a market capitalization of $395.11 million and a price-to-earnings ratio of 19.36. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28.

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

Commercial Bancgroup Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Sunday, March 15th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, March 13th. Commercial Bancgroup's payout ratio is presently 26.85%.

Commercial Bancgroup 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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