14,322 Shares in Community Bancorp Inc $CMTV Purchased by Hanson & Doremus Investment Management

Hanson & Doremus Investment Management bought a new stake in Community Bancorp Inc (NASDAQ:CMTV) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,322 shares of the company’s stock, valued at approximately $445,000. Hanson & Doremus Investment Management owned approximately 0.26% of Community Bancorp as of its most recent SEC filing.

Community Bancorp Trading Down 2.4%

Shares of Community Bancorp stock opened at $40.26 on Tuesday. Community Bancorp Inc has a 52 week low of $19.38 and a 52 week high of $42.92. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $225.05 million, a PE ratio of 12.70 and a beta of 0.41. The business has a 50-day simple moving average of $38.66.

Community Bancorp (NASDAQ:CMTV) last released its earnings results on Tuesday, April 21st. The company reported $0.78 EPS for the quarter. Community Bancorp had a net margin of 25.28% and a return on equity of 15.98%. The business had revenue of $12.69 million for the quarter.

Community Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, August 1st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, July 15th. Community Bancorp’s dividend payout ratio is 31.55%.

Insiders Place Their Bets

In related news, Director Wayne Lamberton bought 1,350 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were acquired at an average cost of $34.32 per share, for a total transaction of $46,332.00. Following the acquisition, the director directly owned 10,045 shares of the company’s stock, valued at $344,744.40. The trade was a 15.53% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Christopher L. Caldwell bought 1,000 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were bought at an average cost of $35.30 per share, for a total transaction of $35,300.00. Following the completion of the transaction, the chief executive officer directly owned 12,000 shares of the company’s stock, valued at $423,600. This trade represents a 9.09% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 6.59% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Community Bancorp to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Community Bancorp in a report on Wednesday, June 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Community Bancorp 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.