Community Trust Bancorp Inc. (NASDAQ:CTBI) released its earnings results on Wednesday. The financial services provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.01. Community Trust Bancorp had a net margin of 24.13% and a return on equity of 9.61%.

Shares of Community Trust Bancorp (NASDAQ:CTBI) traded up 1.17% during midday trading on Wednesday, hitting $37.22. 3,939 shares of the company were exchanged. The company has a 50-day moving average of $36.74 and a 200 day moving average of $35.79. Community Trust Bancorp has a one year low of $30.89 and a one year high of $37.49. The company has a market capitalization of $652.47 million, a P/E ratio of 14.10 and a beta of 0.78.

Earnings History for Community Trust Bancorp (NASDAQ:CTBI)

The company also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Investors of record on Thursday, September 15th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.48%. This is a boost from Community Trust Bancorp’s previous quarterly dividend of $0.31. Community Trust Bancorp’s dividend payout ratio (DPR) is 48.49%.

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.

In other news, insider Larry W. Jones sold 5,561 shares of the business’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $36.88, for a total value of $205,089.68. Following the completion of the sale, the insider now owns 12,582 shares of the company’s stock, valued at $464,024.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark A. Gooch sold 9,532 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $37.19, for a total transaction of $354,495.08. Following the completion of the sale, the executive vice president now directly owns 19,585 shares of the company’s stock, valued at approximately $728,366.15. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Community Trust Bancorp by 0.3% in the second quarter. Vanguard Group Inc. now owns 684,034 shares of the financial services provider’s stock worth $23,709,000 after buying an additional 2,315 shares during the last quarter. BlackRock Advisors LLC increased its position in 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 worth $269,000 after buying an additional 115 shares during the period. BlackRock Investment Management LLC increased its position in Community Trust Bancorp by 10.9% in the second quarter. BlackRock Investment Management LLC now owns 66,609 shares of the financial services provider’s stock worth $2,309,000 after buying an additional 6,537 shares during the period. BlackRock Inc. increased 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 period. Finally, 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 during the period. 53.26% of the stock is owned by institutional investors.

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.

5 Day Chart for NASDAQ:CTBI

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