Commercial Bancgroup (NASDAQ:CBK) EVP Acquires $100,025.64 in Stock

Commercial Bancgroup, Inc. (NASDAQ:CBK) EVP Philip Metheny acquired 4,147 shares of Commercial Bancgroup stock in a transaction dated Friday, November 21st. The shares were bought at an average price of $24.12 per share, for a total transaction of $100,025.64. Following the transaction, the executive vice president owned 8,313 shares of the company’s stock, valued at approximately $200,509.56. The trade was a 99.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Commercial Bancgroup Stock Performance

NASDAQ CBK traded up $0.19 on Tuesday, reaching $24.57. The company had a trading volume of 255 shares, compared to its average volume of 43,766. Commercial Bancgroup, Inc. has a 12 month low of $23.36 and a 12 month high of $25.89. The company has a market cap of $300.74 million and a P/E ratio of 31.91.

Commercial Bancgroup (NASDAQ:CBK) last posted its earnings results on Monday, October 27th. The company reported $0.77 EPS for the quarter. The firm had revenue of $22.85 million during the quarter.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CBK shares. Wall Street Zen raised shares of Commercial Bancgroup to a “hold” rating in a research note on Saturday, October 11th. Hovde Group upgraded shares of Commercial Bancgroup to a “strong-buy” rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average 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.