CBK
Commercial Bancgroup, Inc. Common StockFinancial Services·Banks
$28.89
$396M market cap
Revenue
$63.5M
Free Cash Flow
$21.9M
Rev Growth
+0.0%
FCF Margin
34.5%
P/FCF
18.1x
EV/FCF
22.5x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Commercial Bancgroup, Inc. operates as the bank holding company for Commercial Bank that provides a range of banking and financial services to individual and corporate customers in Kentucky, North Carolina, and Tennessee. It accepts various deposit products, including demand deposits accounts, interest-bearing products, savings accounts, and certificates of deposit products. The company also offers real estate, commercial, and consumer loans. The company was formerly known as Harrogate Corporati
2-Year Price History
$28.69+18.6%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 30.9 | 12.4 | 11.9 | 9.5 | 13.4 | 13.1 | -0.2 | 21.9 | 118.3 | 13.7 | 17.5% | 1.4x | -- |
| Act | 2025-Q4 | 32.6 | 12.7 | 12.7 | 9.9 | 9.1 | 8.8 | -0.3 | 0.0 | 166.8 | 13.8 | 15.3% | 1.4x | -- |
Valuation & Metrics
Market Stats
Price$28.89
Market Cap$396M
Enterprise Value$492M
P/S Ratio6.2x
P/FCF18.1x
EV/FCF22.5x
FCF Margin (TTM)34.5%
FCF Yield5.5%
Dividend Yield (TTM)0.7%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$63.5M
Net Income$19.4M
Free Cash Flow$21.9M
Revenue Growth (YoY)+0.0%
EBITDA Margin39.6%
Net Margin30.6%
FCF Margin34.5%
CapEx % of Revenue0.9%
SBC % of Revenue0.0%
ROIC16.4%
WC Change % Rev-12.0%
Interest Coverage1.4x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.2M
Days to Cover3.5
Change (vs Prior)-11.0%
Need at least 2 settlement dates for chart
Employees
Headcount282
Revenue / Employee$225,078
Gross Profit / Employee$159,810
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
38.8%(+1.9% YoY)
71 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
8.0%(+1.3% YoY)
8 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.0% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| ALLIANCEBERNSTEIN L.P. | $25.3M | $24.46 | −$2.9M | +$25.3M | -0.3% | $307.70B |
| T. Rowe Price Investment Management, Inc. | $22.3M | $24.58 | +$1.7M | +$22.3M | -1.3% | $145.22B |
| BlackRock, Inc.Passive | $12.6M | $24.69 | +$1.9M | +$12.6M | -0.2% | $5.69T |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $8.6M | $26.02 | +$8.6M | +$8.6M | — | $4.04T |
| MENDON CAPITAL ADVISORS CORP | $8.2M | $24.46 | −$1.5M | +$8.2M | -3.0% | $254M |
| Petiole USA ltd | $7.6M | $24.46 | −$559K | +$7.6M | -1.6% | $143M |
| RMB Capital Management, LLC | $7.5M | $24.46 | −$1.7M | +$7.5M | +0.2% | $5.56B |
| JACOBS ASSET MANAGEMENT, LLC | $7.2M | $24.46 | −$1.1M | +$7.2M | +0.3% | $167M |
| JBF Capital, Inc. | $6.5M | $24.46 | +$0 | +$6.5M | +1.6% | $674M |
| RAFFLES ASSOCIATES LP | $6.5M | $24.46 | −$45K | +$6.5M | -1.2% | $115M |
| Pacific Ridge Capital Partners, LLC | $5.9M | $25.05 | +$2.2M | +$5.9M | -0.8% | $462M |
| COMMUNITY TRUST & INVESTMENT CO | $4.9M | $24.46 | −$4.9M | +$4.9M | +0.8% | $1.84B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $4.4M | $24.75 | +$823K | +$4.4M | +2.3% | $1.61T |
| EJF Capital LLC | $4.1M | $24.46 | −$32K | +$4.1M | -5.6% | $142M |
| TCW GROUP INC | $3.9M | $24.48 | +$47K | +$3.9M | +1.6% | $13.25B |
| MALTESE CAPITAL MANAGEMENT LLC | $3.6M | $24.46 | −$556K | +$3.6M | -0.7% | $508M |
| Siena Capital Partners GP, LLC | $3.5M | $24.46 | +$0 | +$3.5M | -0.4% | $385M |
| Gator Capital Management, LLC | $3.3M | $26.02 | +$3.3M | +$3.3M | +2.2% | $469M |
| Cravens & Co Advisors, LLC | $3.2M | $26.02 | +$3.2M | +$3.2M | -0.5% | $144M |
| Phocas Financial Corp. | $3.0M | $24.46 | −$840K | +$3.0M | +0.1% | $637M |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.63%
avg per quarter
Holders (ex-self)
-0.64%
excl. this stock
Buyers (this Q)
-0.27%
48 buyers · $0.04B in
Sellers (this Q)
-0.08%
21 sellers · $0.01B out
alpha coverage: 94% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-2.0%
how holders react when this stock falls
On quiet Qs
-5.7%
−10% to +10% baseline
On rallies (+10%+)
-6.4%
how they react when this stock rises
Holders' portfolio flow this Q
-0.5%
outflows — trims may be forced
Sellers' portfolio flow this Q
-0.4%
Sellers' overall flow ~ flat.
Biggest decreases this quarter
COMMUNITY TRUST & INVESTMENT CO−$4.9Mα+0.8ALLIANCEBERNSTEIN L.P.−$2.9Mα-0.3KENNEDY CAPITAL MANAGEMENT LLC−$2.1Mα-1.5RMB Capital Management, LLC−$1.7Mα+0.2MENDON CAPITAL ADVISORS CORP−$1.5Mα-3.0JACOBS ASSET MANAGEMENT, LLC−$1.1Mα+0.3Phocas Financial Corp.−$840Kα+0.1Petiole USA ltd−$559Kα-1.6MALTESE CAPITAL MANAGEMENT LLC−$556Kα-0.7Polaris Capital Management, LLC−$341Kα-0.1
New buyers this quarter
Top-5 holders · 41.5%
ALLIANCEBERNSTEIN L.P.--
T. Rowe Price Investment Management, Inc.--
BlackRock, Inc.--
VANGUARD CAPITAL MANAGEMENT LLC--
MENDON CAPITAL ADVISORS CORP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
ALLIANCEBERNSTEIN L.P.1.0MT. Rowe Price Investment Management, Inc.858KMENDON CAPITAL ADVISORS CORP316KCOMMUNITY TRUST & INVESTMENT CO186KRMB Capital Management, LLC290KJACOBS ASSET MANAGEMENT, LLC278KPetiole USA ltd291KJBF Capital, Inc.250KRAFFLES ASSOCIATES LP248KPacific Ridge Capital Partners, LLC226K
Related Stocks
Investors who own this also own
Stocks held by the same active managers as this one, ranked by score — how much more often these appear together than random chance (1× = baseline). Excludes index ETFs and market makers; minimum 3 shared holders.
| Ticker | Name | Co-holders | Score |
|---|---|---|---|
| COSO | CoastalSouth Bancshares, Inc. | 3 | 455.14× |
Corporate
Order Flow (FINRA, ~3w lag)
2.7%retail+4.0pp
14.9%dark-5.8pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.