Maltese Capital Management LLC Makes New $3.89 Million Investment in Commercial Bancgroup, Inc. $CBK

Maltese Capital Management LLC bought a new stake in shares of Commercial Bancgroup, Inc. (NASDAQ:CBK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 158,350 shares of the company’s stock, valued at approximately $3,889,000. Maltese Capital Management LLC owned approximately 1.29% of Commercial Bancgroup at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CBK. Strs Ohio bought a new stake in Commercial Bancgroup during the fourth quarter worth approximately $29,000. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Commercial Bancgroup in the 4th quarter worth approximately $46,000. MetLife Investment Management LLC purchased a new position in shares of Commercial Bancgroup in the 4th quarter worth approximately $103,000. SG Americas Securities LLC bought a new position in shares of Commercial Bancgroup during the 4th quarter valued at approximately $153,000. Finally, Wells Fargo & Company MN purchased a new stake in Commercial Bancgroup during the 4th quarter valued at $190,000.

Commercial Bancgroup Stock Performance

Commercial Bancgroup stock opened at $30.75 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $421.28 million and a P/E ratio of 13.85. Commercial Bancgroup, Inc. has a 1-year low of $23.24 and a 1-year high of $31.67. The company’s 50-day moving average is $28.84 and its 200 day moving average is $26.60.

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

Commercial Bancgroup Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Commercial Bancgroup

In related news, EVP Philip J. Metheny bought 3,300 shares of the stock in a transaction dated Thursday, April 30th. The stock was purchased at an average cost of $29.02 per share, with a total value of $95,766.00. Following the completion of the purchase, the executive vice president owned 12,732 shares of the company’s stock, valued at $369,482.64. This trade represents a 34.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 36.20% of the company’s stock.

Commercial Bancgroup Company Profile

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.