Community Bancorp (NASDAQ:CMTV) Announces Quarterly Earnings Results

Community Bancorp (NASDAQ:CMTV) released its quarterly earnings results on Tuesday. The company reported $0.78 earnings per share for the quarter, Zacks reports. Community Bancorp had a net margin of 24.67% and a return on equity of 15.77%.

Community Bancorp Stock Up 0.8%

Shares of CMTV traded up $0.30 during mid-day trading on Tuesday, hitting $38.48. 41,210 shares of the company’s stock were exchanged, compared to its average volume of 27,227. Community Bancorp has a 52 week low of $16.99 and a 52 week high of $42.80. The stock has a 50-day moving average of $34.37. The stock has a market capitalization of $214.76 million, a price-to-earnings ratio of 12.78 and a beta of 0.25. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.94.

Community Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Sunday, April 26th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 24th. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. Community Bancorp’s dividend payout ratio (DPR) is currently 33.22%.

Insider Buying and Selling

In related news, CEO Christopher L. Caldwell purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were bought at an average price of $31.77 per share, for a total transaction of $31,770.00. Following the completion of the transaction, the chief executive officer owned 11,000 shares of the company’s stock, valued at approximately $349,470. This trade represents a 10.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Wayne Lamberton purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was bought at an average price of $31.19 per share, for a total transaction of $62,380.00. Following the transaction, the director directly owned 8,565 shares of the company’s stock, valued at $267,142.35. This trade represents a 30.46% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 7,878 shares of company stock worth $254,748. Company insiders own 9.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CMTV. Wall Street Zen upgraded Community Bancorp to a “hold” rating in a research report on Saturday, March 28th. Weiss Ratings upgraded Community Bancorp from a “hold (c)” rating to a “buy (b)” rating in a research report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Community Bancorp Company Profile

Community Bancorp (NASDAQ: CMTV) is a bank holding company that provides commercial banking and related financial services through its subsidiary banking operations. The company focuses on deposit-taking and lending activities typical of community-oriented banks, serving the needs of individual customers, small and medium-sized businesses, and local organizations.

Its primary products and services include core deposit accounts, commercial and consumer lending, mortgage and real estate finance, and payment and treasury management services designed to support local business cash flow and day-to-day banking needs.