Community Bancorp (NASDAQ:CMTV) Issues Earnings Results

Community Bancorp (NASDAQ:CMTV) posted its quarterly earnings data on Tuesday. The company reported $0.84 earnings per share for the quarter, Zacks reports. The company had revenue of $13.56 million for the quarter. Community Bancorp had a net margin of 25.65% and a return on equity of 16.23%.

Community Bancorp Stock Performance

NASDAQ CMTV opened at $39.53 on Thursday. The firm’s fifty day moving average is $39.13. Community Bancorp has a fifty-two week low of $21.00 and a fifty-two week high of $42.92. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $220.97 million, a P/E ratio of 12.02 and a beta of 0.38.

Community Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, August 1st. Stockholders of record on Wednesday, July 15th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, July 15th. Community Bancorp’s dividend payout ratio is 31.55%.

Analysts Set New Price Targets

A number of research analysts recently commented on CMTV shares. Wall Street Zen raised Community Bancorp to a “hold” rating in a research note on Saturday, March 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Community Bancorp in a report on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

About Community Bancorp

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.