Community Trust Bancorp Inc. (NASDAQ:CTBI) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.01. Community Trust Bancorp had a return on equity of 9.61% and a net margin of 24.13%.
Shares of Community Trust Bancorp (NASDAQ:CTBI) traded up 0.84% on Wednesday, reaching $37.10. The company’s stock had a trading volume of 2,539 shares. The company’s 50 day moving average is $36.74 and its 200-day moving average is $35.79. The stock has a market cap of $650.36 million, a PE ratio of 14.05 and a beta of 0.78. Community Trust Bancorp has a 1-year low of $30.89 and a 1-year high of $37.49.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Investors 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 annualized dividend and a yield of 3.48%. The ex-dividend date was Tuesday, September 13th. Community Trust Bancorp’s dividend payout ratio is currently 48.49%.
Separately, Zacks Investment Research raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 10th.
In related news, CFO Kevin J. Stumbo sold 5,295 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $36.87, for a total value of $195,226.65. Following the completion of the sale, the chief financial officer now directly owns 7,699 shares in the company, valued at $283,862.13. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Jean R. Hale sold 12,427 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $36.95, for a total value of $459,177.65. Following the completion of the sale, the chairman now owns 124,926 shares of the company’s stock, valued at $4,616,015.70. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Community Trust Bancorp by 195.5% in the second quarter. BlackRock Inc. now owns 3,989 shares of the financial services provider’s stock valued at $138,000 after buying an additional 2,639 shares during the period. Advisor Group Inc. bought a new stake in shares of Community Trust Bancorp during the second quarter valued at about $202,000. BlackRock Advisors LLC boosted its stake in shares of Community Trust Bancorp by 1.5% in the second quarter. BlackRock Advisors LLC now owns 7,757 shares of the financial services provider’s stock valued at $269,000 after buying an additional 115 shares during the period. Citadel Advisors LLC bought a new stake in shares of Community Trust Bancorp during the second quarter valued at about $280,000. Finally, Fifth Third Bancorp bought a new stake in shares of Community Trust Bancorp during the second quarter valued at about $382,000. Institutional investors and hedge funds own 53.26% of the company’s stock.
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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