19,863 Shares in Commercial Bancgroup, Inc. $CBK Bought by ELCO Management Co. LLC

ELCO Management Co. LLC bought a new position in Commercial Bancgroup, Inc. (NASDAQ:CBK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 19,863 shares of the company’s stock, valued at approximately $488,000.

Several other large investors have also made changes to their positions in the company. Community Trust & Investment Co. purchased a new position in shares of Commercial Bancgroup in the 4th quarter worth $9,161,000. Phocas Financial Corp. purchased a new position in shares of Commercial Bancgroup in the 4th quarter worth $3,607,000. Polaris Capital Management LLC purchased a new position in shares of Commercial Bancgroup in the 4th quarter worth $2,051,000. Rosenthal Henry Capital Advisors Inc. purchased a new position in shares of Commercial Bancgroup in the 4th quarter worth $1,535,000. Finally, Ballast Inc. purchased a new position in shares of Commercial Bancgroup in the 4th quarter worth $466,000.

Analysts Set New Price Targets

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

Commercial Bancgroup Stock Down 0.5%

NASDAQ:CBK opened at $28.97 on Tuesday. The company has a market capitalization of $396.83 million and a price-to-earnings ratio of 13.05. Commercial Bancgroup, Inc. has a one year low of $23.24 and a one year high of $29.89. The stock has a 50-day simple moving average of $27.02 and a 200 day simple moving average of $25.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.05 and a current ratio of 1.05.

Commercial Bancgroup (NASDAQ:CBK) last posted its quarterly earnings results on Monday, April 27th. The company reported $999.00 EPS for the quarter. The firm had revenue of $23.07 million during the quarter.

Commercial Bancgroup Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, June 15th. Commercial Bancgroup’s payout ratio is 18.02%.

Insider Buying and Selling at Commercial Bancgroup

In other Commercial Bancgroup news, EVP Philip J. Metheny purchased 3,300 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were bought at an average price of $29.02 per share, with a total value of $95,766.00. Following the completion of the acquisition, the executive vice president owned 12,732 shares in the company, valued at approximately $369,482.64. This represents a 34.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.