Commercial Bancgroup (NASDAQ:CBK) Posts Earnings Results

Commercial Bancgroup (NASDAQ:CBK) released its quarterly earnings data on Monday. The company reported $999.00 earnings per share (EPS) for the quarter, reports. The business had revenue of $23.07 million during the quarter.

Commercial Bancgroup Stock Performance

CBK opened at $29.17 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.05 and a quick ratio of 1.05. The business has a fifty day simple moving average of $26.70 and a 200 day simple moving average of $25.54. Commercial Bancgroup has a 1 year low of $23.24 and a 1 year high of $29.89. The company has a market capitalization of $399.63 million and a PE ratio of 19.58.

Commercial Bancgroup Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, June 15th. Commercial Bancgroup’s dividend payout ratio (DPR) is presently 26.85%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Commercial Bancgroup in a report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Commercial Bancgroup presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Commercial Bancgroup

Hedge funds and other institutional investors have recently modified their holdings of the company. Police & Firemen s Retirement System of New Jersey bought a new position in Commercial Bancgroup during the fourth quarter worth about $46,000. MetLife Investment Management LLC acquired a new stake in shares of Commercial Bancgroup in the fourth quarter valued at approximately $103,000. State of Tennessee Department of Treasury acquired a new stake in shares of Commercial Bancgroup in the fourth quarter valued at approximately $145,000. Wells Fargo & Company MN bought a new stake in shares of Commercial Bancgroup in the fourth quarter valued at approximately $190,000. Finally, Renaissance Technologies LLC acquired a new stake in Commercial Bancgroup during the fourth quarter worth approximately $226,000.

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.