Community Bancorp (NASDAQ:CMTV) Issues Quarterly Earnings Results

Community Bancorp (NASDAQ:CMTV) announced its earnings results on Tuesday. The company reported $0.84 earnings per share for the quarter, Zacks reports. Community Bancorp had a return on equity of 15.98% and a net margin of 25.28%.

Community Bancorp Price Performance

Shares of NASDAQ CMTV traded down $0.32 during mid-day trading on Tuesday, hitting $39.79. The company had a trading volume of 41,015 shares, compared to its average volume of 30,037. Community Bancorp has a 12 month low of $20.35 and a 12 month high of $42.92. The company has a market cap of $222.43 million, a price-to-earnings ratio of 12.55 and a beta of 0.38. The firm’s 50-day moving average price is $39.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.94.

Community Bancorp Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CMTV shares. Wall Street Zen upgraded Community Bancorp to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings restated a “buy (b)” rating on shares of Community Bancorp in a research note on Wednesday, June 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

Community Bancorp Company Profile

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.