Commercial Bancgroup, Inc.’s (NASDAQ:CBK) Lock-Up Period Will End Tomorrow

Commercial Bancgroup’s (NASDAQ:CBK) lock-up period is set to end on Tuesday, March 31st. Commercial Bancgroup had issued 7,173,092 shares in its initial public offering on October 2nd. The total size of the offering was $172,154,208 based on an initial share price of $24.00. After the expiration of Commercial Bancgroup’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Commercial Bancgroup in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Commercial Bancgroup has a consensus rating of “Moderate Buy”.

Commercial Bancgroup Price Performance

Shares of NASDAQ:CBK opened at $25.67 on Monday. The company has a 50 day moving average price of $25.86. The firm has a market capitalization of $351.68 million and a PE ratio of 17.23. Commercial Bancgroup has a fifty-two week low of $23.24 and a fifty-two week high of $27.83. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.28.

Commercial Bancgroup (NASDAQ:CBK) last posted its quarterly earnings results on Monday, January 26th. The company reported $0.72 EPS for the quarter. The firm had revenue of $23.48 million for the quarter.

Commercial Bancgroup Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Sunday, March 15th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.6%. Commercial Bancgroup’s payout ratio is presently 26.85%.

Institutional Trading of Commercial Bancgroup

A number of institutional investors have recently bought and sold shares of CBK. Petiole USA ltd acquired a new position in shares of Commercial Bancgroup during the 4th quarter worth about $7,675,000. T. Rowe Price Investment Management Inc. purchased a new position in shares of Commercial Bancgroup in the 4th quarter valued at about $19,478,000. Mendon Capital Advisors Corp acquired a new stake in shares of Commercial Bancgroup during the 4th quarter worth about $9,206,000. State of Tennessee Department of Treasury acquired a new stake in shares of Commercial Bancgroup during the 4th quarter worth about $145,000. Finally, Millennium Management LLC purchased a new stake in Commercial Bancgroup during the fourth quarter worth approximately $238,000.

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. The Bank is a full-service community banking institution that offers traditional consumer and commercial products and services to serve businesses and individuals in select markets in Kentucky, North Carolina, and Tennessee.