James B. Draughn Sells 1,625 Shares of Community Trust Bancorp Inc. (CTBI) Stock
Community Trust Bancorp Inc. (NASDAQ:CTBI) insider James B. Draughn sold 1,625 shares of the stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $39.35, for a total transaction of $63,943.75. Following the sale, the insider now directly owns 965 shares in the company, valued at approximately $37,972.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Community Trust Bancorp Inc. (NASDAQ:CTBI) opened at 41.45 on Monday. The company’s 50 day moving average price is $36.99 and its 200 day moving average price is $36.01. Community Trust Bancorp Inc. has a one year low of $30.89 and a one year high of $41.60. The firm has a market capitalization of $727.61 million, a P/E ratio of 15.35 and a beta of 0.54.
Community Trust Bancorp (NASDAQ:CTBI) last announced its earnings results on Wednesday, October 19th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.01. Community Trust Bancorp had a return on equity of 9.69% and a net margin of 24.46%. On average, analysts expect that Community Trust Bancorp Inc. will post $2.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Stockholders of record on Thursday, December 15th will be issued a $0.32 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.09%. Community Trust Bancorp’s dividend payout ratio (DPR) is 47.41%.
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.
Several large investors have recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. increased its position in shares of Community Trust Bancorp by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 497,641 shares of the financial services provider’s stock worth $17,577,000 after buying an additional 4,494 shares during the last quarter. Community Trust & Investment Co. raised its stake in shares of Community Trust Bancorp by 1.1% in the second quarter. Community Trust & Investment Co. now owns 1,925,213 shares of the financial services provider’s stock valued at $66,728,000 after buying an additional 20,448 shares during the period. Dalton Greiner Hartman Maher & Co. raised its stake in shares of Community Trust Bancorp by 2.0% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 392,653 shares of the financial services provider’s stock valued at $13,609,000 after buying an additional 7,533 shares during the period. Shell Asset Management Co. purchased a new stake in shares of Community Trust Bancorp during the second quarter valued at $559,000. Finally, Smith Asset Management Group LP raised its stake in shares of Community Trust Bancorp by 68.2% in the second quarter. Smith Asset Management Group LP now owns 7,890 shares of the financial services provider’s stock valued at $273,000 after buying an additional 3,200 shares during the period. Institutional investors and hedge funds own 53.06% of the company’s stock.
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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