Insider Buying: Community Trust Bancorp, Inc. (NASDAQ:CTBI) Director Purchases 500 Shares of Stock

Community Trust Bancorp, Inc. (NASDAQ:CTBI) Director Charles J. Baird purchased 500 shares of the stock in a transaction on Monday, September 20th. The stock was acquired at an average price of $38.26 per share, with a total value of $19,130.00. Following the acquisition, the director now directly owns 7,700 shares in the company, valued at $294,602. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Charles J. Baird also recently made the following trade(s):

  • On Wednesday, August 11th, Charles J. Baird purchased 500 shares of Community Trust Bancorp stock. The stock was acquired at an average price of $40.90 per share, with a total value of $20,450.00.

Shares of NASDAQ CTBI traded down $0.27 during midday trading on Monday, hitting $38.97. The stock had a trading volume of 83,970 shares, compared to its average volume of 56,479. The company has a market capitalization of $695.11 million, a price-to-earnings ratio of 8.58 and a beta of 0.88. Community Trust Bancorp, Inc. has a 1-year low of $27.74 and a 1-year high of $47.53. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average price of $40.49 and a 200 day moving average price of $42.63.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Tuesday, July 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.23. The business had revenue of $55.76 million for the quarter, compared to analyst estimates of $54.95 million. Community Trust Bancorp had a return on equity of 12.22% and a net margin of 34.23%. On average, research analysts forecast that Community Trust Bancorp, Inc. will post 4.89 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 1st. Stockholders of record on Wednesday, September 15th will be paid a $0.40 dividend. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Tuesday, September 14th. Community Trust Bancorp’s payout ratio is currently 47.76%.

Separately, Zacks Investment Research upgraded Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Tuesday, August 31st.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors acquired a new position in Community Trust Bancorp during the 2nd quarter worth approximately $28,000. Royal Bank of Canada lifted its position in Community Trust Bancorp by 131.3% during the 1st quarter. Royal Bank of Canada now owns 738 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 419 shares in the last quarter. Fieldpoint Private Securities LLC lifted its position in Community Trust Bancorp by 19.1% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 1,819 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 292 shares in the last quarter. Citigroup Inc. lifted its position in Community Trust Bancorp by 79.1% during the 2nd quarter. Citigroup Inc. now owns 2,737 shares of the financial services provider’s stock worth $111,000 after acquiring an additional 1,209 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Community Trust Bancorp during the 1st quarter worth approximately $128,000. 57.73% of the stock is currently owned by institutional investors and hedge funds.

About Community Trust Bancorp

Community Trust Bancorp, Inc is a bank holding company, which engages in the provision of community banking services through its subsidiary Community Trust Bank, Inc It offers commercial & 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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Insider Buying and Selling by Quarter for Community Trust Bancorp (NASDAQ:CTBI)

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