State Street Corp Increases Stock Position in Community Bancorp Inc $CMTV

Key Points

• State Street Corp increased its Community Bancorp stake by 488% in the second quarter, acquiring 46,603 additional shares and bringing its ownership to 1%, valued at approximately $2.2 million.
• Several other institutional investors initiated positions, while Weiss Ratings reaffirmed a “buy” rating; MarketBeat data also shows an overall “Buy” consensus.
• Community Bancorp reported quarterly EPS of $0.84 on $13.56 million in revenue and raised its quarterly dividend to $0.26 per share, equivalent to a 2.5% annual yield.

State Street Corp grew its holdings in Community Bancorp Inc (NASDAQ:CMTV - Free Report) by 488.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,153 shares of the company's stock after buying an additional 46,603 shares during the quarter. State Street Corp owned 1.00% of Community Bancorp worth $2,196,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Addison Advisors LLC bought a new stake in shares of Community Bancorp in the 2nd quarter worth about $33,000. Deutsche Bank AG bought a new stake in Community Bancorp during the 2nd quarter worth about $195,000. Kestra Advisory Services LLC acquired a new stake in shares of Community Bancorp during the 1st quarter worth approximately $202,000. Bank of New York Mellon Corp acquired a new stake in shares of Community Bancorp during the 2nd quarter worth approximately $467,000. Finally, Bank of America Corp DE bought a new stake in shares of Community Bancorp during the first quarter worth approximately $416,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a "buy (b)" rating on shares of Community Bancorp in a research note on Monday, September 14th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy".

Community Bancorp Stock Performance

Shares of Community Bancorp stock opened at $40.82 on Friday. The stock's fifty day simple moving average is $40.55 and its 200 day simple moving average is $38.98. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $228.59 million, a PE ratio of 12.41 and a beta of 0.39. Community Bancorp Inc has a 12 month low of $22.40 and a 12 month high of $43.76.

Community Bancorp (NASDAQ:CMTV - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.84 earnings per share (EPS) for the quarter. The business 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 business also recently announced a quarterly dividend, which will be paid on Sunday, November 1st. Investors of record on Thursday, October 15th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, October 15th. This is a boost from Community Bancorp's previous quarterly dividend of $0.25. Community Bancorp's dividend payout ratio (DPR) is currently 30.40%.

Community Bancorp Company Profile

Community Bancorp. is the bank holding company for Community National Bank, a community-focused financial institution headquartered in Derby, Vermont. Through its banking subsidiary, the company provides financial services to individuals, families, farms and businesses in northern Vermont and surrounding communities.

Community National Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending services include residential mortgages, home equity loans, consumer loans, commercial real estate financing and business loans.

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