Commercial Bancgroup, Inc. (CBK) to Issue Quarterly Dividend of $0.10 on June 30th

Commercial Bancgroup, Inc. (NASDAQ:CBK) announced a quarterly dividend on Monday, April 27th. Investors of record on Monday, June 15th will be given a dividend of 0.10 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Monday, June 15th.

Commercial Bancgroup Stock Performance

NASDAQ CBK opened at $30.78 on Friday. The stock has a market capitalization of $421.69 million and a PE ratio of 13.86. The business has a 50 day simple moving average of $28.76 and a two-hundred day simple moving average of $26.54. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.06 and a quick ratio of 1.06. Commercial Bancgroup has a 1-year low of $23.24 and a 1-year high of $31.67.

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

Insiders Place Their Bets

In other news, EVP Philip J. Metheny purchased 3,300 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average price of $29.02 per share, for a total transaction of $95,766.00. Following the acquisition, the executive vice president directly owned 12,732 shares of the company’s stock, valued at $369,482.64. This represents a 34.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 36.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Commercial Bancgroup

Several institutional investors have recently modified their holdings of CBK. Strs Ohio bought a new stake in shares of Commercial Bancgroup in the 4th quarter valued at approximately $29,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Commercial Bancgroup in the 4th quarter valued at approximately $46,000. State of Wyoming bought a new stake in shares of Commercial Bancgroup in the 1st quarter valued at approximately $72,000. MetLife Investment Management LLC bought a new stake in shares of Commercial Bancgroup in the 4th quarter valued at approximately $103,000. Finally, State of Tennessee Department of Treasury bought a new stake in shares of Commercial Bancgroup in the 4th quarter valued at approximately $145,000.

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.