Commercial Bancgroup, Inc.’s (NASDAQ:CBK) Lock-Up Period To End on March 31st

Commercial Bancgroup’s (NASDAQ:CBK) lock-up period is set to end on Tuesday, March 31st. Commercial Bancgroup had issued 7,173,092 shares in its public offering on October 2nd. The total size of the offering was $172,154,208 based on an initial share price of $24.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on shares of Commercial Bancgroup in a research note on Friday, December 26th. They set a “sell (e)” rating on the stock. One 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 an average rating of “Moderate Buy”.

Commercial Bancgroup Stock Up 2.1%

CBK stock opened at $25.10 on Tuesday. The firm has a market capitalization of $307.22 million and a PE ratio of 16.85. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.28. Commercial Bancgroup has a 52-week low of $23.24 and a 52-week high of $27.83. The business’s fifty day simple moving average is $25.82.

Commercial Bancgroup (NASDAQ:CBK) last released its earnings results on Monday, January 26th. The company reported $0.72 EPS for the quarter. The business had revenue of $23.48 million during the quarter.

Commercial Bancgroup Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Sunday, March 15th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.6%. Commercial Bancgroup’s dividend payout ratio is currently 26.85%.

Institutional Investors Weigh In On Commercial Bancgroup

Several hedge funds have recently modified their holdings of CBK. Strs Ohio purchased a new stake in Commercial Bancgroup in the fourth quarter valued at approximately $29,000. Police & Firemen s Retirement System of New Jersey purchased a new position in Commercial Bancgroup during the fourth quarter worth approximately $46,000. MetLife Investment Management LLC purchased a new position in Commercial Bancgroup during the fourth quarter worth approximately $103,000. State of Tennessee Department of Treasury acquired a new position in shares of Commercial Bancgroup in the 4th quarter valued at $145,000. Finally, SG Americas Securities LLC acquired a new position in shares of Commercial Bancgroup in the 4th quarter valued at $153,000.

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.