Community Bancorp Inc (NASDAQ:CMTV) Sees Large Growth in Short Interest

Community Bancorp Inc (NASDAQ:CMTV) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 228,635 shares, a growth of 140.0% from the June 15th total of 95,251 shares. Based on an average daily volume of 95,346 shares, the short-interest ratio is currently 2.4 days. Currently, 4.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CMTV. Kestra Advisory Services LLC bought a new position in shares of Community Bancorp in the first quarter worth about $202,000. Bank of America Corp DE bought a new stake in shares of Community Bancorp during the 1st quarter valued at approximately $416,000. Hanson & Doremus Investment Management acquired a new position in Community Bancorp during the 1st quarter worth approximately $445,000. The Manufacturers Life Insurance Company acquired a new position in Community Bancorp during the 1st quarter worth approximately $1,919,000. Finally, Community Financial Services Group LLC bought a new position in Community Bancorp in the 2nd quarter valued at approximately $27,254,000.

Community Bancorp Stock Down 0.0%

Shares of CMTV stock traded down $0.01 during trading hours on Tuesday, reaching $39.84. The company’s stock had a trading volume of 1,807 shares, compared to its average volume of 30,233. Community Bancorp has a fifty-two week low of $20.25 and a fifty-two week high of $42.92. The company’s 50 day moving average is $39.07. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $222.68 million, a P/E ratio of 12.57 and a beta of 0.38.

Community Bancorp (NASDAQ:CMTV) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.78 EPS for the quarter. Community Bancorp had a return on equity of 15.98% and a net margin of 25.28%.The company had revenue of $12.69 million during the quarter.

Community Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, August 1st. Shareholders of record on Wednesday, July 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, July 15th. Community Bancorp’s payout ratio is currently 31.55%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CMTV shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Community Bancorp in a research report on Wednesday, June 17th. Wall Street Zen raised shares of Community Bancorp to a “hold” rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Community Bancorp Company Profile

Community Bancorp (NASDAQ: CMTV) is a bank holding company that provides commercial banking and related financial services through its subsidiary banking operations. The company focuses on deposit-taking and lending activities typical of community-oriented banks, serving the needs of individual customers, small and medium-sized businesses, and local organizations.

Its primary products and services include core deposit accounts, commercial and consumer lending, mortgage and real estate finance, and payment and treasury management services designed to support local business cash flow and day-to-day banking needs.