According to Zacks, “Community Trust Financial Services Corporation was incorporated under the laws for the purpose of becoming a bank holding company for Community Trust Bank. The Company is intended to facilitate the Bank’s ability to serve its customers’ requirements for financial services. The primary activity of the Company currently is, and is expected to remain for the foreseeable future, the ownership and operation of the Bank. “
Community Trust Bancorp (NASDAQ:CTBI) opened at 37.39 on Monday. The stock’s 50 day moving average is $36.77 and its 200-day moving average is $35.76. Community Trust Bancorp has a one year low of $30.89 and a one year high of $37.49. The firm has a market capitalization of $655.45 million, a PE ratio of 14.16 and a beta of 0.78.
Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.02. Community Trust Bancorp had a return on equity of 9.61% and a net margin of 24.13%. On average, analysts anticipate that Community Trust Bancorp will post $2.70 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.42%. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.31. The ex-dividend date was Tuesday, September 13th. Community Trust Bancorp’s payout ratio is presently 48.49%.
In related news, CFO Kevin J. Stumbo sold 1,487 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $33,424.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Jean R. Hale sold 12,427 shares of the company’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $36.95, for a total transaction of $459,177.65. Following the sale, the chairman now owns 124,926 shares of the company’s stock, valued at $4,616,015.70. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the stock. Aperio Group LLC raised its stake in Community Trust Bancorp by 20.5% in the first quarter. Aperio Group LLC now owns 13,259 shares of the financial services provider’s stock worth $468,000 after buying an additional 2,252 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Community Trust Bancorp by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 497,641 shares of the financial services provider’s stock worth $17,577,000 after buying an additional 4,494 shares in the last quarter. Huntington Asset Advisors Inc. purchased a new stake in Community Trust Bancorp during the first quarter worth approximately $155,000. Community Trust & Investment Co. raised its stake in Community Trust Bancorp by 1.1% in the second quarter. Community Trust & Investment Co. now owns 1,925,213 shares of the financial services provider’s stock worth $66,728,000 after buying an additional 20,448 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. raised its stake in Community Trust Bancorp by 2.0% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 392,653 shares of the financial services provider’s stock worth $13,609,000 after buying an additional 7,533 shares in the last quarter. Institutional investors own 53.44% of the company’s stock.
About Community Trust Bancorp
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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