Community Trust Bancorp, Inc. (NASDAQ:CTBI) insider Andy D. Waters sold 217 shares of the firm’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $50.86, for a total transaction of $11,036.62. Following the completion of the transaction, the insider now owns 654 shares in the company, valued at $33,262.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Community Trust Bancorp traded down $0.50, reaching $50.50, during midday trading on Friday, Marketbeat.com reports. The stock had a trading volume of 47,499 shares, compared to its average volume of 35,168. Community Trust Bancorp, Inc. has a 1-year low of $40.33 and a 1-year high of $51.90. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $895.11 million, a PE ratio of 18.04 and a beta of 0.67.
Community Trust Bancorp (NASDAQ:CTBI) last posted its earnings results on Wednesday, April 18th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. Community Trust Bancorp had a net margin of 26.71% and a return on equity of 10.24%. The business had revenue of $47.90 million for the quarter, compared to analyst estimates of $47.10 million. analysts anticipate that Community Trust Bancorp, Inc. will post 3.34 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, July 1st. Shareholders of record on Friday, June 15th will be given a $0.33 dividend. The ex-dividend date is Thursday, June 14th. This represents a $1.32 annualized dividend and a yield of 2.61%. Community Trust Bancorp’s dividend payout ratio is 47.14%.
CTBI has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, April 10th. Zacks Investment Research upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research note on Thursday, April 5th. Finally, ValuEngine upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dalton Greiner Hartman Maher & Co. grew its position in Community Trust Bancorp by 5.9% in the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 535,212 shares of the financial services provider’s stock worth $24,192,000 after purchasing an additional 29,955 shares during the last quarter. Legal & General Group Plc grew its position in Community Trust Bancorp by 48.8% in the 1st quarter. Legal & General Group Plc now owns 5,958 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 1,953 shares during the last quarter. Millennium Management LLC grew its position in Community Trust Bancorp by 1,850.8% in the 1st quarter. Millennium Management LLC now owns 88,877 shares of the financial services provider’s stock worth $4,017,000 after purchasing an additional 84,321 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in Community Trust Bancorp in the 1st quarter worth $3,573,000. Finally, Citadel Advisors LLC grew its position in Community Trust Bancorp by 40.4% in the 1st quarter. Citadel Advisors LLC now owns 37,070 shares of the financial services provider’s stock worth $1,675,000 after purchasing an additional 10,666 shares during the last quarter. Institutional investors own 59.95% of the company’s stock.
About Community Trust Bancorp
Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, Keogh plans, and savings certificates, as well as checking and savings, individual retirement, NOW, and money market accounts.
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