Franky Minnifield Buys 2,275 Shares of Community Trust Bancorp, Inc. (CTBI) Stock

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Community Trust Bancorp, Inc. (NASDAQ:CTBI) Director Franky Minnifield bought 2,275 shares of the company’s stock in a transaction dated Wednesday, October 17th. The shares were acquired at an average price of $44.64 per share, for a total transaction of $101,556.00. Following the completion of the transaction, the director now directly owns 1,007 shares in the company, valued at $44,952.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NASDAQ:CTBI opened at $45.40 on Friday. Community Trust Bancorp, Inc. has a 52 week low of $42.40 and a 52 week high of $53.00. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $799.41 million, a PE ratio of 13.50 and a beta of 0.54.

Community Trust Bancorp (NASDAQ:CTBI) last posted its earnings results on Wednesday, October 17th. The financial services provider reported $0.91 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.07. Community Trust Bancorp had a return on equity of 11.02% and a net margin of 26.68%. The firm had revenue of $48.80 million for the quarter, compared to analysts’ expectations of $48.50 million. As a group, analysts expect that Community Trust Bancorp, Inc. will post 3.4 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Saturday, September 15th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Thursday, September 13th. This is a boost from Community Trust Bancorp’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.17%. Community Trust Bancorp’s dividend payout ratio (DPR) is 51.43%.

A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Tuesday, September 18th. BidaskClub cut Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, June 30th. Finally, ValuEngine cut Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, October 15th.

Several large investors have recently bought and sold shares of the company. Bank of Montreal Can grew its position in shares of Community Trust Bancorp by 32.0% during the 3rd quarter. Bank of Montreal Can now owns 31,261 shares of the financial services provider’s stock valued at $1,449,000 after acquiring an additional 7,585 shares during the period. Dalton Greiner Hartman Maher & Co. lifted its stake in Community Trust Bancorp by 5.7% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 591,538 shares of the financial services provider’s stock valued at $27,418,000 after buying an additional 31,832 shares in the last quarter. Northern Trust Corp lifted its stake in Community Trust Bancorp by 1.1% in the 2nd quarter. Northern Trust Corp now owns 569,663 shares of the financial services provider’s stock valued at $28,456,000 after buying an additional 6,099 shares in the last quarter. California Public Employees Retirement System lifted its stake in Community Trust Bancorp by 19.5% in the 2nd quarter. California Public Employees Retirement System now owns 30,798 shares of the financial services provider’s stock valued at $1,538,000 after buying an additional 5,024 shares in the last quarter. Finally, Macquarie Group Ltd. purchased a new position in Community Trust Bancorp in the 2nd quarter valued at about $120,000. Hedge funds and other institutional investors own 58.08% of the company’s stock.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, Keogh plans, and savings certificates, as well as checking and savings, individual retirement, NOW, and money market accounts.

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