Martha Spurlock Sells 1,791,017 Shares of Commercial Bancgroup (NASDAQ:CBK) Stock

Key Points

• Martha Spurlock, director of Commercial Bancgroup, sold 1,791,017 shares of the company stock, resulting in a total transaction value of approximately $41.48 million, significantly decreasing her position by 60.53%.
• Following the sale, Spurlock retained 1,167,820 shares valued at around $27 million.
• Commercial Bancgroup received recent upgrades from analysts, including a "strong-buy" rating from Hovde Group and a consensus rating of "Strong Buy" from MarketBeat.com.

Commercial Bancgroup, Inc. (NASDAQ:CBK - Get Free Report) Director Martha Spurlock sold 1,791,017 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $23.16, for a total value of $41,479,953.72. Following the completion of the sale, the director owned 1,167,820 shares in the company, valued at $27,046,711.20. This trade represents a 60.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Commercial Bancgroup Stock Performance

NASDAQ CBK traded down $0.20 during trading on Friday, reaching $24.35. The company's stock had a trading volume of 164,169 shares.

Analyst Upgrades and Downgrades

A number of research firms have commented on CBK. Wall Street Zen raised 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 report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus 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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