Insider Buying: Commercial Bancgroup (NASDAQ:CBK) Director Purchases 8,333 Shares of Stock

Key Points

• Charles Yates, a director at Commercial Bancgroup (NASDAQ:CBK), purchased 8,333 shares of stock valued at $199,992, increasing his ownership by 11.82% to a total of 78,814 shares.
• Commercial Bancgroup's stock dipped to $24.44 in trading, with a 52-week range between $23.36 and $25.89.
• Wall Street analysts recently upgraded the company's rating to "strong-buy", reflecting positive growth expectations for the stock.

Commercial Bancgroup, Inc. (NASDAQ:CBK - Get Free Report) Director Charles Yates acquired 8,333 shares of the firm's stock in a transaction dated Friday, October 3rd. The stock was bought at an average price of $24.00 per share, with a total value of $199,992.00. Following the acquisition, the director directly owned 78,814 shares in the company, valued at $1,891,536. This represents a 11.82% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Commercial Bancgroup Stock Performance

Shares of NASDAQ CBK traded down $0.24 during mid-day trading on Wednesday, hitting $24.44. The company had a trading volume of 12,313 shares, compared to its average volume of 66,068. Commercial Bancgroup, Inc. has a one year low of $23.36 and a one year high of $25.89.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Commercial Bancgroup to a "hold" rating in a research note on Saturday. Hovde Group upgraded shares of Commercial Bancgroup to a "strong-buy" rating in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has an average rating of "Strong Buy".

About Commercial Bancgroup

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.

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