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%.
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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.
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