27,571 Shares in Commercial Bancgroup, Inc. $CBK Purchased by Penn Capital Management Company LLC

Penn Capital Management Company LLC acquired a new position in shares of Commercial Bancgroup, Inc. (NASDAQ:CBK) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 27,571 shares of the company’s stock, valued at approximately $677,000.

A number of other hedge funds have also recently bought and sold shares of CBK. Community Trust & Investment Co. bought a new position in Commercial Bancgroup in the fourth quarter valued at approximately $9,161,000. Phocas Financial Corp. bought a new position in Commercial Bancgroup in the fourth quarter valued at approximately $3,607,000. Pacific Ridge Capital Partners LLC bought a new position in Commercial Bancgroup in the fourth quarter valued at approximately $3,428,000. Polaris Capital Management LLC bought a new position in Commercial Bancgroup in the fourth quarter valued at approximately $2,051,000. Finally, Rosenthal Henry Capital Advisors Inc. bought a new position in Commercial Bancgroup in the fourth quarter valued at approximately $1,535,000.

Insider Activity

In other Commercial Bancgroup news, EVP Philip J. Metheny acquired 3,300 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was bought at an average cost of $29.02 per share, with a total value of $95,766.00. Following the completion of the transaction, the executive vice president directly owned 12,732 shares in the company, valued at approximately $369,482.64. This represents a 34.99% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 36.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Commercial Bancgroup in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Commercial Bancgroup currently has a consensus rating of “Moderate Buy”.

Commercial Bancgroup Stock Up 1.0%

CBK stock opened at $29.15 on Thursday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $27.71 and a two-hundred day moving average price of $26.08. The company has a market cap of $399.36 million and a price-to-earnings ratio of 13.13. Commercial Bancgroup, Inc. has a twelve month low of $23.24 and a twelve month high of $29.89.

Commercial Bancgroup (NASDAQ:CBK) last posted its quarterly earnings results on Monday, April 27th. The company reported $0.73 earnings per share for the quarter. The company had revenue of $23.07 million during the quarter.

Commercial Bancgroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, June 15th. Commercial Bancgroup’s dividend payout ratio (DPR) is presently 18.02%.

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.