Community Bancorp (NASDAQ:CMTV) Announces Earnings Results

Community Bancorp (NASDAQ:CMTV) posted its quarterly earnings results on Monday. The company reported $0.91 EPS for the quarter, Zacks reports. The company had revenue of $13.56 million during the quarter.

Community Bancorp Trading Down 0.7%

CMTV traded down $0.29 during midday trading on Wednesday, hitting $41.60. The company’s stock had a trading volume of 41,452 shares. Community Bancorp has a 52-week low of $22.65 and a 52-week high of $43.95. The firm has a 50-day moving average price of $41.35 and a two-hundred day moving average price of $38.70. The firm has a market cap of $233.00 million, a P/E ratio of 12.64 and a beta of 0.38.

Community Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, November 1st. Shareholders of record on Thursday, October 15th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, October 15th. This is a positive change from Community Bancorp’s previous quarterly dividend of $0.25. Community Bancorp’s dividend payout ratio is 31.61%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Community Bancorp from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Community Bancorp Company Profile

Community Bancorp is a bank holding company headquartered in Vermont. Through its principal subsidiary, Community National Bank, the company provides community banking services to individuals, families, farmers and businesses in northern Vermont and nearby areas.

Community National Bank offers a range of deposit products, residential and commercial real estate financing, agricultural and business loans, consumer lending and other credit services. Its banking services also include online and mobile banking, cash-management solutions and other products designed to support personal and commercial financial needs.

Community Bancorp has roots in Vermont community banking and operates through a network of branches and banking offices serving local communities across the state.