Community Bancorp (NASDAQ:CMTV) CEO Christopher Caldwell Buys 500 Shares of Company Stock

Key Points

• CEO Christopher Caldwell bought 500 CMTV shares at an average price of $42.98, investing $21,490 and increasing his direct holdings by 4.17% to 12,500 shares.
• Community Bancorp reported quarterly EPS of $0.91 on $13.56 million in revenue, with a 16.03% return on equity and a 25.89% net margin.
• The company raised its quarterly dividend to $0.26 per share, implying a $1.04 annualized payout and a 2.4% yield; analysts maintained a favorable outlook, including a “Strong Buy” average rating.

Community Bancorp Inc (NASDAQ:CMTV - Get Free Report) CEO Christopher Caldwell purchased 500 shares of the company's stock in a transaction that occurred on Tuesday, November 3rd. The shares were bought at an average cost of $42.98 per share, with a total value of $21,490.00. Following the transaction, the chief executive officer directly owned 12,500 shares of the company's stock, valued at $537,250. The trade was a 4.17% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Community Bancorp Trading Down 0.2%

Shares of CMTV traded down $0.10 during mid-day trading on Tuesday, reaching $42.80. The company had a trading volume of 2,791 shares, compared to its average volume of 31,670. The stock has a market cap of $239.69 million, a price-to-earnings ratio of 12.74 and a beta of 0.38. The firm has a fifty day simple moving average of $41.41 and a 200-day simple moving average of $38.77. Community Bancorp Inc has a fifty-two week low of $22.67 and a fifty-two week high of $43.95. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.11.

Community Bancorp (NASDAQ:CMTV - Get Free Report) last released its quarterly earnings data on Monday, October 26th. The company reported $0.91 EPS for the quarter. Community Bancorp had a return on equity of 16.03% and a net margin of 25.89%. The business had revenue of $13.56 million during the quarter.

Community Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, November 1st. Stockholders of record on Thursday, October 15th were issued a $0.26 dividend. This is a positive change from Community Bancorp's previous quarterly dividend of $0.25. The ex-dividend date was Thursday, October 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.4%. Community Bancorp's dividend payout ratio (DPR) is 30.95%.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Community Bancorp from a "buy (b)" rating to a "buy (a-)" rating in a report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the company has an average rating of "Strong Buy".

Hedge Funds Weigh In On Community Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Community Financial Services Group LLC purchased a new position in Community Bancorp in the second quarter valued at about $27,254,000. BlackRock Inc. purchased a new stake in shares of Community Bancorp in the second quarter worth about $12,911,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Community Bancorp in the second quarter worth about $2,470,000. Silverlake Wealth Management LLC acquired a new stake in shares of Community Bancorp in the second quarter valued at about $2,438,000. Finally, State Street Corp grew its stake in shares of Community Bancorp by 488.0% in the second quarter. State Street Corp now owns 56,153 shares of the company's stock valued at $2,196,000 after buying an additional 46,603 shares in the last quarter.

About Community Bancorp

Community Bancorp is a bank holding company headquartered in Vermont. Through its principal subsidiary, Community National Bank, the company provides community banking services to individuals, families, farmers and businesses in northern Vermont and nearby areas.

Community National Bank offers a range of deposit products, residential and commercial real estate financing, agricultural and business loans, consumer lending and other credit services. Its banking services also include online and mobile banking, cash-management solutions and other products designed to support personal and commercial financial needs.

Community Bancorp has roots in Vermont community banking and operates through a network of branches and banking offices serving local communities across the state.

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