Community Trust Bancorp Inc. (NASDAQ:CTBI) will be announcing its earnings results before the market opens on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.69 per share for the quarter.

Earnings History for Community Trust Bancorp (NASDAQ:CTBI)

Community Trust Bancorp Inc. (NASDAQ:CTBI) opened at 36.67 on Monday. The company has a market cap of $642.83 million, a price-to-earnings ratio of 13.89 and a beta of 0.78. Community Trust Bancorp Inc. has a 12 month low of $30.89 and a 12 month high of $37.49. The company’s 50-day moving average is $36.74 and its 200 day moving average is $35.77.

The business also recently declared a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th were paid a $0.32 dividend. The ex-dividend date was Tuesday, September 13th. This is a boost from Community Trust Bancorp’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.49%. Community Trust Bancorp’s dividend payout ratio is 48.49%.

In other news, Chairman Jean R. Hale sold 12,427 shares of the company’s stock in a transaction dated Friday, August 26th. The stock was 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 directly owns 124,926 shares of the company’s stock, valued at approximately $4,616,015.70. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Kevin J. Stumbo sold 1,487 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 917 shares of the company’s stock, valued at $33,424.65. The disclosure for this sale can be found here. 5.10% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Piermont Capital Management Inc. acquired a new position in shares of Community Trust Bancorp during the second quarter valued at about $1,249,000. Alliancebernstein L.P. raised its position in shares of 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 valued at $1,900,000 after buying an additional 30,100 shares in the last quarter. TFS Capital LLC acquired a new position in shares of Community Trust Bancorp during the second quarter valued at about $798,000. Maltese Capital Management LLC raised its position in shares of 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 valued at $3,684,000 after buying an additional 11,300 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of Community Trust Bancorp during the second quarter valued at about $382,000. 53.26% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, August 18th.

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.

5 Day Chart for NASDAQ:CTBI

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