Community Trust Bancorp Inc. (CTBI) Sets New 1-Year High at $37.25
Community Trust Bancorp Inc. (NASDAQ:CTBI) hit a new 52-week high on Thursday . The company traded as high as $37.25 and last traded at $37.18, with a volume of 46,589 shares changing hands. The stock had previously closed at $36.93.
Separately, Zacks Investment Research raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd.
The company has a 50 day moving average of $35.69 and a 200 day moving average of $35.17. The stock has a market cap of $644.40 million and a price-to-earnings ratio of 13.92.
Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.66 EPS for the quarter, missing the consensus estimate of $0.68 by $0.02. On average, equities research analysts expect that Community Trust Bancorp Inc. will post $2.70 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders 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 is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 3.48%.
In other news, Director Charles J. Baird sold 8,000 shares of the stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $35.52, for a total transaction of $284,160.00. Following the transaction, the director now owns 7,700 shares of the company’s stock, valued at $273,504. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Kevin J. Stumbo sold 5,295 shares of the stock in a transaction dated Thursday, August 25th. The stock was sold at an average price of $36.87, for a total transaction of $195,226.65. Following the transaction, the chief financial officer now directly owns 7,699 shares in the company, valued at approximately $283,862.13. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Community Trust Bancorp stock. Schwab Charles Investment Management Inc. raised its stake in 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 (SEC). The firm 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 as of its most recent SEC filing.
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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