Community Trust Bancorp Director Purchases $13,720 in Stock (CTBI)
Community Trust Bancorp (NASDAQ:CTBI) Director James R. Ramsey purchased 400 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The shares were purchased at an average price of $34.30 per share, for a total transaction of $13,720.00. Following the completion of the acquisition, the director now directly owns 10,025 shares of the company’s stock, valued at approximately $343,858. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on CTBI. Analysts at Zacks upgraded shares of Community Trust Bancorp from an “underperform” rating to a “neutral” rating in a research note on Friday, June 20th. They now have a $35.80 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Community Trust Bancorp from $40.00 to $36.00 in a research note on Monday, May 19th.
Community Trust Bancorp (NASDAQ:CTBI) traded up 0.83% during mid-day trading on Wednesday, hitting $34.04. The stock had a trading volume of 55,913 shares. Community Trust Bancorp has a 52-week low of $32.3273 and a 52-week high of $42.0727. The stock has a 50-day moving average of $34.68 and a 200-day moving average of $35.87. The company has a market cap of $589.2 million and a price-to-earnings ratio of 13.46.
Community Trust Bancorp, Inc (NASDAQ:CTBI) is a bank holding company.
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