Insider Selling: Charles J. Baird Sells 10,000 Shares of Community Trust Bancorp Stock (CTBI)
Community Trust Bancorp (NASDAQ:CTBI) Director Charles J. Baird sold 10,000 shares of the company’s stock on the open market in a transaction dated Monday, July 28th. The shares were sold at an average price of $34.37, for a total transaction of $343,700.00. Following the completion of the sale, the director now directly owns 7,700 shares of the company’s stock, valued at approximately $264,649. The transaction 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 1.29% during mid-day trading on Wednesday, hitting $35.20. 32,686 shares of the company’s stock traded hands. Community Trust Bancorp has a one year low of $32.3273 and a one year high of $42.0727. The stock’s 50-day moving average is $34.63 and its 200-day moving average is $35.51. The company has a market cap of $609.6 million and a P/E ratio of 13.80.
Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.07. Analysts expect that Community Trust Bancorp will post $2.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, September 11th. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.29.
Community Trust Bancorp, Inc (NASDAQ:CTBI) is a bank holding company.
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