Community Bancorp Inc (NASDAQ:CMTV) Sees Significant Increase in Short Interest

Community Bancorp Inc (NASDAQ:CMTV) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 228,635 shares, a growth of 140.0% from the June 15th total of 95,251 shares. Based on an average daily volume of 95,346 shares, the days-to-cover ratio is currently 2.4 days. Approximately 4.4% of the shares of the company are sold short.

Community Bancorp Trading Up 2.1%

Shares of NASDAQ:CMTV traded up $0.85 on Thursday, reaching $40.48. 13,675 shares of the company’s stock were exchanged, compared to its average volume of 30,066. Community Bancorp has a twelve month low of $20.25 and a twelve month high of $42.92. The company’s fifty day moving average price is $39.04. The firm has a market cap of $226.32 million, a P/E ratio of 12.62 and a beta of 0.38. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11.

Community Bancorp (NASDAQ:CMTV) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $0.78 earnings per share (EPS) for the quarter. Community Bancorp had a return on equity of 15.98% and a net margin of 25.28%.The business had revenue of $12.69 million during the quarter.

Community Bancorp Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CMTV. Kestra Advisory Services LLC acquired a new stake in Community Bancorp during the first quarter worth about $202,000. Bank of America Corp DE acquired a new position in shares of Community Bancorp in the 1st quarter valued at approximately $416,000. Hanson & Doremus Investment Management bought a new stake in shares of Community Bancorp during the 1st quarter worth approximately $445,000. The Manufacturers Life Insurance Company bought a new stake in shares of Community Bancorp during the 1st quarter worth approximately $1,919,000. Finally, Community Financial Services Group LLC acquired a new stake in shares of Community Bancorp during the 2nd quarter worth approximately $27,254,000.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Wall Street Zen upgraded 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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company 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.