Commercial Bancgroup (NASDAQ:CBK) Director Dennis Michael Robertson Acquires 450 Shares

Commercial Bancgroup, Inc. (NASDAQ:CBK) Director Dennis Michael Robertson acquired 450 shares of Commercial Bancgroup stock in a transaction that occurred on Wednesday, January 28th. The shares were bought at an average price of $25.64 per share, with a total value of $11,538.00. Following the transaction, the director directly owned 22,617 shares in the company, valued at approximately $579,899.88. This trade represents a 2.03% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Commercial Bancgroup Stock Performance

Shares of NASDAQ:CBK traded down $0.07 during trading hours on Friday, hitting $26.34. The stock had a trading volume of 93,858 shares, compared to its average volume of 53,667. Commercial Bancgroup, Inc. has a 1-year low of $23.24 and a 1-year high of $26.50. The firm has a market capitalization of $322.40 million and a price-to-earnings ratio of 34.21. The firm has a fifty day moving average price of $24.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.05 and a quick ratio of 1.03.

Commercial Bancgroup (NASDAQ:CBK) last issued its quarterly earnings results on Monday, January 26th. The company reported $0.72 earnings per share for the quarter. The company had revenue of $23.48 million during the quarter.

Institutional Investors Weigh In On Commercial Bancgroup

Institutional investors have recently added to or reduced their stakes in the company. Community Trust & Investment Co. bought a new stake in shares of Commercial Bancgroup during the fourth quarter valued at approximately $9,161,000. Phocas Financial Corp. acquired a new stake in shares of Commercial Bancgroup during the 4th quarter valued at about $3,607,000. Polaris Capital Management LLC bought a new stake in Commercial Bancgroup in the fourth quarter valued at about $2,051,000. Rosenthal Henry Capital Advisors Inc. acquired a new position in Commercial Bancgroup in the fourth quarter worth about $1,535,000. Finally, Daytona Street Capital LLC bought a new position in Commercial Bancgroup during the fourth quarter worth about $381,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CBK shares. Wall Street Zen upgraded shares of Commercial Bancgroup to a “hold” rating in a report on Saturday, October 11th. Hovde Group upgraded shares of Commercial Bancgroup to a “strong-buy” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings started coverage on Commercial Bancgroup in a research report on Friday, December 26th. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Commercial Bancgroup Company 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.