Commercial Bancgroup (NASDAQ:CBK) Director Charles Yates Acquires 8,333 Shares

Commercial Bancgroup, Inc. (NASDAQ:CBK) Director Charles Yates bought 8,333 shares of Commercial Bancgroup stock in a transaction dated Friday, October 3rd. The shares were bought at an average price of $24.00 per share, for a total transaction of $199,992.00. Following the completion of the transaction, the director directly owned 78,814 shares of the company’s stock, valued at $1,891,536. This represents a 11.82% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Commercial Bancgroup Stock Performance

Commercial Bancgroup stock opened at $24.44 on Thursday. Commercial Bancgroup, Inc. has a 12-month low of $23.36 and a 12-month high of $25.89.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CBK shares. Hovde Group raised shares of Commercial Bancgroup to a “strong-buy” rating in a research note on Tuesday, October 7th. Wall Street Zen raised shares of Commercial Bancgroup to a “hold” rating in a report on Saturday, October 11th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

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.