Commercial Bancgroup (NASDAQ:CBK) Director Sells $33,920.00 in Stock

Key Points

• Director Dennis Robertson sold 1,000 shares for $33,920 at an average price of $33.92, reducing his stake by 4.26% to 22,453 shares.
• Commercial Bancgroup reported quarterly EPS of $0.79 on revenue of $25.19 million and announced a $0.12 quarterly dividend, equivalent to a 1.5% yield.
• CBK shares fell 1.9% to $33.05 in Tuesday trading. Analysts’ average rating is Hold, with an average price target of $39.50.

Commercial Bancgroup, Inc. (NASDAQ:CBK - Get Free Report) Director Dennis Robertson sold 1,000 shares of the company's stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $33.92, for a total value of $33,920.00. Following the sale, the director directly owned 22,453 shares in the company, valued at $761,605.76. This represents a 4.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Commercial Bancgroup Stock Down 1.9%

Shares of NASDAQ CBK traded down $0.63 during mid-day trading on Tuesday, hitting $33.05. The company had a trading volume of 26,008 shares, compared to its average volume of 55,567. The company has a market capitalization of $452.82 million and a PE ratio of 11.24. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.06 and a quick ratio of 1.06. Commercial Bancgroup, Inc. has a 1-year low of $23.24 and a 1-year high of $35.78. The business's 50-day simple moving average is $32.57 and its 200 day simple moving average is $30.07.

Commercial Bancgroup (NASDAQ:CBK - Get Free Report) last released its earnings results on Monday, October 26th. The company reported $0.79 earnings per share (EPS) for the quarter. Commercial Bancgroup had a return on equity of 13.75% and a net margin of 30.80%. The firm had revenue of $25.19 million during the quarter.

Commercial Bancgroup Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Tuesday, December 15th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Tuesday, December 15th. Commercial Bancgroup's dividend payout ratio (DPR) is presently 16.33%.

Hedge Funds Weigh In On Commercial Bancgroup

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC lifted its holdings in Commercial Bancgroup by 4,377.0% during the 3rd quarter. Sterling Capital Management LLC now owns 7,790 shares of the company's stock worth $244,000 after buying an additional 7,616 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Commercial Bancgroup in the 2nd quarter valued at about $425,000. Bank of America Corp DE purchased a new position in shares of Commercial Bancgroup in the 2nd quarter valued at about $649,000. Raffles Associates LP purchased a new position in shares of Commercial Bancgroup in the 2nd quarter valued at about $7,527,000. Finally, PDT Partners LLC acquired a new stake in shares of Commercial Bancgroup during the 2nd quarter worth about $1,006,000.

Analysts Set New Price Targets

A number of brokerages have recently commented on CBK. Hovde Group boosted their price objective on Commercial Bancgroup from $34.00 to $39.50 and gave the stock an "outperform" rating in a research report on Thursday, July 30th. Weiss Ratings raised shares of Commercial Bancgroup from a "sell (d-)" rating to a "sell (d)" rating in a report on Monday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $39.50.

Commercial Bancgroup Company Profile

Commercial Bancgroup, Inc is a bank holding company headquartered in Tennessee. Through its banking subsidiary, Commercial Bank, the company provides financial services to individuals, families, businesses and organizations in the communities it serves.

Commercial Bank's offerings generally include deposit accounts such as checking, savings and certificates of deposit, along with lending products for commercial, real estate, residential mortgage and consumer purposes. The bank also provides services such as online and mobile banking, debit cards, electronic payments and other traditional banking solutions.

The company operates as a community-focused financial institution serving customers in Tennessee and surrounding areas through a network of banking offices and digital channels.

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