Community Trust Bancorp Inc. (CTBI) Reaches New 12-Month High at $37.25
Community Trust Bancorp Inc. (NASDAQ:CTBI) reached a new 52-week high on Thursday . The stock traded as high as $37.25 and last traded at $37.18, with a volume of 46,589 shares trading hands. The stock had previously closed at $36.93.
Separately, Zacks Investment Research upgraded Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 18th.
The stock’s 50-day moving average price is $35.53 and its 200 day moving average price is $35.13. The company has a market capitalization of $653.34 million and a price-to-earnings ratio of 14.1175.
Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by $0.02. On average, equities analysts forecast that Community Trust Bancorp Inc. will post $2.70 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Thursday, September 15th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, September 13th. This represents a $1.28 dividend on an annualized basis and a yield of 3.47%. This is a boost from Community Trust Bancorp’s previous quarterly dividend of $0.31.
In other Community Trust Bancorp news, Director Charles J. Baird sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $35.52, for a total transaction of $284,160.00. Following the sale, the director now directly owns 7,700 shares in the company, valued at $273,504. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
A hedge fund recently raised its stake in Community Trust Bancorp stock. Schwab Charles Investment Management Inc. increased its position in shares of Community Trust Bancorp Inc. (NASDAQ:CTBI) by 12.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 56,472 shares of the financial services provider’s stock after buying an additional 6,255 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.32% of Community Trust Bancorp worth $1,975,000 at the end of the most recent reporting period.
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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