Community Trust Bancorp Inc. (CTBI) Scheduled to Post Earnings on Wednesday
Community Trust Bancorp Inc. (NASDAQ:CTBI) is set to release its earnings data before the market opens on Wednesday, October 19th. Analysts expect Community Trust Bancorp to post earnings of $0.69 per share for the quarter.
Community Trust Bancorp Inc. (NASDAQ:CTBI) opened at 36.57 on Tuesday. Community Trust Bancorp Inc. has a one year low of $30.89 and a one year high of $37.49. The stock has a market capitalization of $641.07 million, a price-to-earnings ratio of 13.85 and a beta of 0.78. The company has a 50-day moving average of $36.74 and a 200-day moving average of $35.78.
The business also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Thursday, September 15th were paid a $0.32 dividend. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Tuesday, September 13th. Community Trust Bancorp’s dividend payout ratio is currently 48.49%.
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In other news, insider Larry W. Jones sold 5,561 shares of the stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $36.88, for a total transaction of $205,089.68. Following the transaction, the insider now directly owns 12,582 shares in the company, valued at $464,024.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark A. Gooch sold 9,532 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $37.19, for a total transaction of $354,495.08. Following the transaction, the executive vice president now owns 19,585 shares in the company, valued at $728,366.15. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Piermont Capital Management Inc. acquired a new position in Community Trust Bancorp during the second quarter worth about $1,249,000. Alliancebernstein L.P. increased its position in Community Trust Bancorp by 121.7% in the second quarter. Alliancebernstein L.P. now owns 54,825 shares of the financial services provider’s stock worth $1,900,000 after buying an additional 30,100 shares in the last quarter. TFS Capital LLC acquired a new position in Community Trust Bancorp during the second quarter worth about $798,000. Maltese Capital Management LLC increased its position in Community Trust Bancorp by 11.9% in the second quarter. Maltese Capital Management LLC now owns 106,300 shares of the financial services provider’s stock worth $3,684,000 after buying an additional 11,300 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in Community Trust Bancorp during the second quarter worth about $382,000. Hedge funds and other institutional investors own 53.26% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 10th.
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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