Community Trust Bancorp Inc. (CTBI) CFO Kevin J. Stumbo Sells 1,487 Shares
Community Trust Bancorp Inc. (NASDAQ:CTBI) CFO Kevin J. Stumbo sold 1,487 shares of Community Trust Bancorp stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $36.45, for a total transaction of $54,201.15. Following the completion of the sale, the chief financial officer now owns 917 shares in the company, valued at approximately $33,424.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Community Trust Bancorp Inc. (NASDAQ:CTBI) opened at 36.63 on Thursday. The firm has a market cap of $642.12 million, a price-to-earnings ratio of 13.88 and a beta of 0.80. Community Trust Bancorp Inc. has a 12 month low of $30.89 and a 12 month high of $37.49. The stock has a 50 day moving average of $36.35 and a 200 day moving average of $35.53.
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 for the quarter, missing the consensus estimate of $0.68 by $0.02. Community Trust Bancorp had a return on equity of 9.61% and a net margin of 24.13%. On average, equities research analysts expect 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. Stockholders of record on Thursday, September 15th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Tuesday, September 13th. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.31. Community Trust Bancorp’s payout ratio is currently 48.49%.
Several hedge funds have recently modified their holdings of CTBI. Dimensional Fund Advisors LP increased its stake in shares of Community Trust Bancorp by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 801,098 shares of the financial services provider’s stock valued at $27,765,000 after buying an additional 39,562 shares in the last quarter. Piermont Capital Management Inc. acquired a new stake in Community Trust Bancorp during the second quarter valued at approximately $1,249,000. Renaissance Technologies LLC increased its stake in Community Trust Bancorp by 31.8% in the first quarter. Renaissance Technologies LLC now owns 137,600 shares of the financial services provider’s stock valued at $4,860,000 after buying an additional 33,200 shares during the period. Alliancebernstein L.P. increased its stake 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 valued at $1,900,000 after buying an additional 30,100 shares during the period. Finally, TFS Capital LLC acquired a new stake in Community Trust Bancorp during the second quarter valued at approximately $798,000. Institutional investors and hedge funds own 53.44% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, July 22nd.
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.
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