Community Trust Bancorp Inc. (NASDAQ:CTBI) CFO Kevin J. Stumbo sold 1,487 shares of the business’s stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $36.45, for a total transaction of $54,201.15. Following the completion of the sale, the chief financial officer now directly owns 917 shares of the company’s stock, valued at $33,424.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Community Trust Bancorp Inc. (NASDAQ:CTBI) opened at 37.11 on Monday. The stock has a market cap of $650.54 million, a PE ratio of 14.06 and a beta of 0.80. The stock has a 50 day moving average of $36.49 and a 200 day moving average of $35.56. Community Trust Bancorp Inc. has a 12 month low of $30.89 and a 12 month high of $37.49.
Community Trust Bancorp (NASDAQ:CTBI) last issued its earnings results on Wednesday, July 20th. The financial services provider reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.02. Community Trust Bancorp had a net margin of 24.13% and a return on equity of 9.61%. On average, equities analysts anticipate that Community Trust Bancorp Inc. will post $2.70 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.45%. This is a boost from Community Trust Bancorp’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Tuesday, September 13th. Community Trust Bancorp’s dividend payout ratio is 48.49%.
Separately, Zacks Investment Research cut shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd.
Several large investors have recently modified their holdings of the stock. Teacher Retirement System of Texas boosted its stake in shares of Community Trust Bancorp by 8.3% in the second quarter. Teacher Retirement System of Texas now owns 3,539 shares of the financial services provider’s stock worth $123,000 after buying an additional 271 shares during the period. BlackRock Inc. boosted its stake in shares of Community Trust Bancorp by 195.5% in the second quarter. BlackRock Inc. now owns 3,989 shares of the financial services provider’s stock worth $138,000 after buying an additional 2,639 shares during the period. Huntington Asset Advisors Inc. acquired a new stake in shares of Community Trust Bancorp during the first quarter worth approximately $155,000. Advisor Group Inc. acquired a new stake in shares of Community Trust Bancorp during the second quarter worth approximately $202,000. Finally, Private Trust Co. NA acquired a new stake in shares of Community Trust Bancorp during the first quarter worth approximately $265,000. Institutional investors and hedge funds own 53.44% of the company’s stock.
Community Trust Bancorp Company Profile
Community Trust Bancorp, Inc (CTBI) is a bank holding company. The Company operates in the community banking services segment. The Company owns a commercial bank and a trust company, serving small and mid-sized communities in eastern, northeastern, central and south central Kentucky; southern West Virginia, and northeastern Tennessee.
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