Siena Capital Partners GP LLC Invests $3.28 Million in Commercial Bancgroup, Inc. $CBK

Siena Capital Partners GP LLC bought a new position in Commercial Bancgroup, Inc. (NASDAQ:CBK) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 133,664 shares of the company’s stock, valued at approximately $3,283,000.

Other institutional investors have also recently made changes to their positions in the company. Community Trust & Investment Co. bought a new stake in shares of Commercial Bancgroup in the 4th quarter worth $9,161,000. Phocas Financial Corp. bought a new stake in shares of Commercial Bancgroup in the 4th quarter worth $3,607,000. Polaris Capital Management LLC bought a new stake in shares of Commercial Bancgroup in the 4th quarter worth $2,051,000. Rosenthal Henry Capital Advisors Inc. bought a new stake in shares of Commercial Bancgroup in the 4th quarter worth $1,535,000. Finally, ELCO Management Co. LLC bought a new stake in shares of Commercial Bancgroup in the 4th quarter worth $488,000.

Analyst Ratings Changes

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

Commercial Bancgroup Price Performance

CBK opened at $29.74 on Monday. The firm has a market cap of $407.44 million and a P/E ratio of 13.40. The firm has a 50-day moving average of $28.30 and a 200 day moving average of $26.33. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.06 and a current ratio of 1.06. Commercial Bancgroup, Inc. has a fifty-two week low of $23.24 and a fifty-two week high of $30.17.

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 for the quarter.

Commercial Bancgroup Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 15th. This represents a $0.40 annualized dividend and a yield of 1.3%. Commercial Bancgroup’s dividend payout ratio is presently 18.02%.

Insiders Place Their Bets

In related news, EVP Philip J. Metheny purchased 3,300 shares of Commercial Bancgroup stock in a transaction that occurred on Thursday, April 30th. The stock was bought at an average price of $29.02 per share, for a total transaction of $95,766.00. Following the completion of the transaction, the executive vice president owned 12,732 shares in the company, valued at $369,482.64. This represents a 34.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 36.20% of the company’s stock.

Commercial Bancgroup Profile

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.