Commercial Bancgroup, Inc. (CBK) To Go Ex-Dividend on September 15th

Commercial Bancgroup, Inc. (NASDAQ:CBK) announced a quarterly dividend on Monday, July 27th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.12 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, September 15th. This is a 20.0% increase from Commercial Bancgroup’s previous quarterly dividend of $0.10.

Commercial Bancgroup Stock Performance

NASDAQ:CBK opened at $33.87 on Friday. The firm’s 50-day moving average is $34.05 and its 200-day moving average is $30.35. The company has a market cap of $464.02 million and a price-to-earnings ratio of 11.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.06 and a current ratio of 1.06. Commercial Bancgroup has a 52-week low of $23.24 and a 52-week high of $35.78.

Commercial Bancgroup (NASDAQ:CBK) last released its earnings results on Monday, July 27th. The company reported $0.75 earnings per share for the quarter. Commercial Bancgroup had a return on equity of 14.06% and a net margin of 30.07%.The business had revenue of $24.16 million for the quarter.

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.