Community Bancorp (NASDAQ:CMTV) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Community Bancorp Inc (NASDAQ:CMTV) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $29.89 and traded as high as $37.37. Community Bancorp shares last traded at $37.37, with a volume of 36,166 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of Community Bancorp in a research report on Thursday, February 12th. They set a “hold (c)” rating on the stock. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Community Bancorp Trading Up 2.8%

The company has a debt-to-equity ratio of 0.12, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $217.90 million, a price-to-earnings ratio of 12.95 and a beta of 0.31.

Community Bancorp (NASDAQ:CMTV) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.83 EPS for the quarter. Community Bancorp had a return on equity of 16.08% and a net margin of 24.67%.The firm had revenue of $13.21 million during the quarter.

Insider Activity

In other news, CEO Christopher L. Caldwell acquired 1,000 shares of Community Bancorp stock in a transaction that occurred on Monday, February 2nd. The stock was purchased at an average price of $31.77 per share, for a total transaction of $31,770.00. Following the purchase, the chief executive officer directly owned 11,000 shares in the company, valued at $349,470. The trade was a 10.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Wayne Lamberton acquired 2,000 shares of Community Bancorp stock in a transaction that occurred on Monday, February 2nd. The shares were purchased at an average price of $31.19 per share, with a total value of $62,380.00. Following the purchase, the director owned 8,565 shares in the company, valued at $267,142.35. This represents a 30.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have acquired 4,493 shares of company stock valued at $141,873. Insiders own 8.50% of the company’s stock.

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.