Community Trust Bancorp Inc. (CTBI) CFO Kevin J. Stumbo Sells 1,487 Shares
Community Trust Bancorp Inc. (NASDAQ:CTBI) CFO Kevin J. Stumbo sold 1,487 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $36.45, for a total value of $54,201.15. Following the completion of the transaction, the chief financial officer now directly owns 917 shares of the company’s stock, valued at approximately $33,424.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Community Trust Bancorp Inc. (NASDAQ:CTBI) opened at 36.60 on Wednesday. The stock has a 50 day moving average price of $36.30 and a 200 day moving average price of $35.53. Community Trust Bancorp Inc. has a 1-year low of $30.89 and a 1-year high of $37.49. The firm has a market cap of $641.60 million, a P/E ratio of 13.86 and a beta of 0.80.
Community Trust Bancorp (NASDAQ:CTBI) last posted its earnings results 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 net margin of 24.13% and a return on equity of 9.61%. On average, analysts anticipate that Community Trust Bancorp Inc. will post $2.70 EPS for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend is Tuesday, September 13th. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.31. Community Trust Bancorp’s payout ratio is presently 48.49%.
Separately, Zacks Investment Research downgraded Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, July 22nd.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its position in 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 last quarter. BlackRock Inc. raised its position in 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 last quarter. Huntington Asset Advisors Inc. bought a new position in Community Trust Bancorp during the first quarter worth $155,000. Advisor Group Inc. bought a new position in Community Trust Bancorp during the second quarter worth $202,000. Finally, Private Trust Co. NA bought a new position in Community Trust Bancorp during the first quarter worth $265,000. 53.44% of the stock is owned by institutional investors and hedge funds.
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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