Community Trust Bancorp, Inc. (NASDAQ:CTBI) Director Chad C. Street bought 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The shares were acquired at an average cost of $48.79 per share, for a total transaction of $195,160.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $243,950. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Community Trust Bancorp, Inc. (CTBI) opened at $50.20 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.21. Community Trust Bancorp, Inc. has a 52 week low of $40.33 and a 52 week high of $51.90. The firm has a market cap of $888.19, a P/E ratio of 18.32 and a beta of 0.68.
Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. Community Trust Bancorp had a net margin of 24.15% and a return on equity of 9.47%. The company had revenue of $47.17 million during the quarter, compared to analysts’ expectations of $48.17 million. analysts predict that Community Trust Bancorp, Inc. will post 2.81 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Friday, December 15th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Thursday, December 14th. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 48.18%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Community Trust Bancorp during the 3rd quarter worth approximately $104,000. BNP Paribas Arbitrage SA grew its holdings in Community Trust Bancorp by 350.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,555 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,988 shares in the last quarter. Legal & General Group Plc grew its holdings in Community Trust Bancorp by 4.3% during the 2nd quarter. Legal & General Group Plc now owns 3,793 shares of the financial services provider’s stock worth $166,000 after acquiring an additional 156 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Community Trust Bancorp by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,527 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 679 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in Community Trust Bancorp during the 3rd quarter worth approximately $211,000. Institutional investors own 56.08% of the company’s stock.
Several brokerages recently weighed in on CTBI. Zacks Investment Research raised shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub downgraded shares of Community Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Community Trust Bancorp presently has a consensus rating of “Hold” and a consensus price target of $50.00.
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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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