Community Trust Bancorp, Inc. (NASDAQ:CTBI) Director Franky Minnifield Sells 4,183 Shares

Community Trust Bancorp, Inc. (NASDAQ:CTBI) Director Franky Minnifield sold 4,183 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $50.26, for a total transaction of $210,237.58. Following the sale, the director now owns 5,075 shares in the company, valued at approximately $255,069.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Community Trust Bancorp, Inc. (CTBI) opened at $46.10 on Friday. The company has a market cap of $815.65, a P/E ratio of 16.82 and a beta of 0.68. The company has a current ratio of 0.94, a quick ratio of 0.95 and a debt-to-equity ratio of 0.21. Community Trust Bancorp, Inc. has a one year low of $38.43 and a one year high of $51.35.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $47.17 million for the quarter, compared to analysts’ expectations of $48.17 million. Community Trust Bancorp had a net margin of 24.15% and a return on equity of 9.47%. equities analysts forecast that Community Trust Bancorp, Inc. will post 2.75 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 15th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Thursday, December 14th. Community Trust Bancorp’s payout ratio is currently 48.18%.

WARNING: This story was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/11/12/community-trust-bancorp-inc-ctbi-director-sells-210237-58-in-stock.html.

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Community Trust Bancorp during the third quarter valued at approximately $104,000. BNP Paribas Arbitrage SA raised its position in shares of Community Trust Bancorp by 350.6% during the second quarter. BNP Paribas Arbitrage SA now owns 2,555 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,988 shares during the last quarter. Legal & General Group Plc increased its position in Community Trust Bancorp by 4.3% in the second quarter. Legal & General Group Plc now owns 3,793 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 156 shares during the last quarter. Victory Capital Management Inc. bought a new stake in Community Trust Bancorp in the first quarter worth $176,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in Community Trust Bancorp by 3.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,437 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 56.76% of the company’s stock.

CTBI has been the topic of a number of recent analyst reports. BidaskClub cut shares of Community Trust Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $50.00.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc is a bank holding company. The Company holds interests in a commercial bank, Community Trust Bank, Inc (the Bank), and a trust company, Community Trust and Investment Company. Through its subsidiaries, the Company engages in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes, and providing funds transfer services.

Insider Buying and Selling by Quarter for Community Trust Bancorp (NASDAQ:CTBI)

Receive News & Ratings for Community Trust Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Trust Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply