Commercial Bancgroup (NASDAQ:CBK) Posts Quarterly Earnings Results

Commercial Bancgroup (NASDAQ:CBK) released its earnings results on Monday. The company reported $0.72 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $23.48 million during the quarter.

Commercial Bancgroup Trading Down 0.2%

NASDAQ:CBK traded down $0.04 during trading hours on Wednesday, hitting $25.29. The company’s stock had a trading volume of 6,193 shares, compared to its average volume of 44,162. Commercial Bancgroup has a 52-week low of $23.24 and a 52-week high of $26.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $309.55 million and a PE ratio of 32.84. The company has a fifty day simple moving average of $24.72.

Wall Street Analyst Weigh In

CBK has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Commercial Bancgroup to a “hold” rating in a research report on Saturday, October 11th. Hovde Group raised shares of Commercial Bancgroup to a “strong-buy” rating in a research note on Tuesday, October 7th. Finally, Weiss Ratings initiated coverage on shares of Commercial Bancgroup in a research report on Friday, December 26th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Insider Transactions at Commercial Bancgroup

In related news, EVP Philip J. Metheny bought 4,147 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were purchased at an average cost of $24.12 per share, with a total value of $100,025.64. Following the transaction, the executive vice president directly owned 8,313 shares of the company’s stock, valued at approximately $200,509.56. This represents a 99.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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.