Siena Capital Partners GP LLC Invests $3.28 Million in Commercial Bancgroup, Inc. $CBK

Siena Capital Partners GP LLC purchased a new position in Commercial Bancgroup, Inc. (NASDAQ:CBK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 133,664 shares of the company’s stock, valued at approximately $3,283,000. Siena Capital Partners GP LLC owned 1.09% of Commercial Bancgroup as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Commercial Bancgroup during the 4th quarter valued at $153,000. Community Trust & Investment Co. acquired a new position in shares of Commercial Bancgroup during the 4th quarter valued at $9,161,000. Phocas Financial Corp. acquired a new position in shares of Commercial Bancgroup during the 4th quarter valued at $3,607,000. Daytona Street Capital LLC acquired a new position in shares of Commercial Bancgroup during the 4th quarter valued at $381,000. Finally, Rosenthal Henry Capital Advisors Inc. acquired a new position in shares of Commercial Bancgroup during the 4th quarter valued at $1,535,000.

Commercial Bancgroup Price Performance

Commercial Bancgroup stock opened at $29.74 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.25. Commercial Bancgroup, Inc. has a 12-month low of $23.24 and a 12-month high of $30.17. The firm’s fifty day moving average is $28.30 and its 200 day moving average is $26.33. The company has a market capitalization of $407.44 million and a PE ratio of 13.40.

Commercial Bancgroup (NASDAQ:CBK) last announced its quarterly earnings results on Monday, April 27th. The company reported $0.73 EPS for the quarter. The business had revenue of $23.07 million for the quarter.

Commercial Bancgroup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, June 15th. This represents a $0.40 annualized dividend and a yield of 1.3%. Commercial Bancgroup’s dividend payout ratio is presently 18.02%.

Insiders Place Their Bets

In other Commercial Bancgroup news, EVP Philip J. Metheny acquired 3,300 shares of the stock in a transaction on Thursday, April 30th. The shares were purchased at an average price of $29.02 per share, for a total transaction of $95,766.00. Following the completion of the acquisition, the executive vice president owned 12,732 shares in the company, valued at approximately $369,482.64. This represents a 34.99% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 36.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e)” rating on shares of Commercial Bancgroup in a research report on Wednesday, March 25th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.