Community Trust Bancorp, Inc. (NASDAQ:CTBI) insider Andy D. Waters sold 220 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total value of $10,516.00. Following the completion of the sale, the insider now directly owns 524 shares of the company’s stock, valued at approximately $25,047.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Community Trust Bancorp, Inc. (CTBI) traded down $0.60 during trading on Friday, hitting $48.45. The stock had a trading volume of 26,343 shares, compared to its average volume of 40,010. The firm has a market capitalization of $856.33, a PE ratio of 17.90 and a beta of 0.68. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.31. Community Trust Bancorp, Inc. has a 1-year low of $36.05 and a 1-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 analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $47.17 million during the quarter, compared to analysts’ expectations of $48.17 million. Community Trust Bancorp had a return on equity of 9.54% and a net margin of 24.15%. research analysts anticipate that Community Trust Bancorp, Inc. will post 2.75 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.32 dividend on an annualized basis and a yield of 2.72%. Community Trust Bancorp’s payout ratio is 48.00%.
Several analysts have recently commented on CTBI shares. BidaskClub cut Community Trust Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. 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 an average rating of “Hold” and a consensus target price of $50.00.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its position in 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 purchasing an additional 1,988 shares during the last quarter. Legal & General Group Plc boosted its position in Community Trust Bancorp by 4.3% during the second quarter. Legal & General Group Plc now owns 3,793 shares of the financial services provider’s stock valued at $166,000 after purchasing an additional 156 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Community Trust Bancorp by 3.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,437 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 136 shares during the last quarter. Victory Capital Management Inc. boosted its position in Community Trust Bancorp by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,527 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 679 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new stake in Community Trust Bancorp during the first quarter valued at $246,000. 56.80% of the stock is owned by hedge funds and other institutional investors.
About Community Trust Bancorp
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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