31,170 Shares in Commercial Bancgroup, Inc. $CBK Bought by PDT Partners LLC

PDT Partners LLC bought a new position in Commercial Bancgroup, Inc. (NASDAQ:CBK) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 31,170 shares of the company’s stock, valued at approximately $1,006,000. PDT Partners LLC owned approximately 0.23% of Commercial Bancgroup as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CBK. Legal & General Group Plc acquired a new stake in shares of Commercial Bancgroup during the second quarter valued at about $27,000. BlackRock Inc. acquired a new position in shares of Commercial Bancgroup in the second quarter valued at approximately $21,665,000. Deutsche Bank AG bought a new position in Commercial Bancgroup in the 2nd quarter valued at approximately $272,000. Bank of New York Mellon Corp bought a new position in Commercial Bancgroup in the 2nd quarter valued at approximately $736,000. Finally, GSA Capital Partners LLP acquired a new stake in Commercial Bancgroup during the 2nd quarter worth approximately $636,000.

Commercial Bancgroup Stock Down 1.3%

Shares of Commercial Bancgroup stock opened at $33.81 on Thursday. The firm has a market cap of $463.20 million and a price-to-earnings ratio of 11.58. Commercial Bancgroup, Inc. has a one year low of $23.24 and a one year high of $35.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50-day moving average is $33.61 and its 200 day moving average is $29.72.

Commercial Bancgroup (NASDAQ:CBK) last released its earnings results on Monday, July 27th. The company reported $0.75 earnings per share (EPS) for the quarter. Commercial Bancgroup had a net margin of 30.07% and a return on equity of 14.06%. The company had revenue of $24.16 million for the quarter.

Commercial Bancgroup Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.12 per share. This is an increase from Commercial Bancgroup’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, September 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. Commercial Bancgroup’s dividend payout ratio (DPR) is presently 13.70%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CBK shares. Hovde Group upped their price target on shares of Commercial Bancgroup from $34.00 to $39.50 and gave the company an “outperform” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Commercial Bancgroup from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Commercial Bancgroup has a consensus rating of “Hold” and an average price target of $39.50.

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. 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.