Community Trust Bancorp, Inc. (CTBI) Insider Andy D. Waters Sells 220 Shares of Stock
Community Trust Bancorp, Inc. (NASDAQ:CTBI) insider Andy D. Waters sold 220 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total transaction of $10,516.00. Following the sale, the insider now owns 524 shares in the company, valued at $25,047.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. Community Trust Bancorp had a net margin of 24.15% and a return on equity of 9.54%. The firm had revenue of $47.17 million during the quarter, compared to analysts’ expectations of $48.17 million.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Thursday, December 14th. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 48.18%.
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A number of hedge funds and other institutional investors have recently modified their holdings of CTBI. Vanguard Group Inc. raised its stake in Community Trust Bancorp by 31.9% during the first quarter. Vanguard Group Inc. now owns 875,130 shares of the financial services provider’s stock worth $40,038,000 after acquiring an additional 211,845 shares in the last quarter. FMR LLC boosted its holdings in Community Trust Bancorp by 39.2% in the first quarter. FMR LLC now owns 407,750 shares of the financial services provider’s stock valued at $18,655,000 after acquiring an additional 114,900 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Community Trust Bancorp by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 902,414 shares of the financial services provider’s stock valued at $41,286,000 after acquiring an additional 50,963 shares during the last quarter. Citadel Advisors LLC boosted its holdings in Community Trust Bancorp by 121.3% in the second quarter. Citadel Advisors LLC now owns 52,590 shares of the financial services provider’s stock valued at $2,301,000 after acquiring an additional 28,828 shares during the last quarter. Finally, Systematic Financial Management LP bought a new stake in Community Trust Bancorp in the second quarter valued at approximately $1,255,000. 56.80% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently commented on CTBI. Zacks Investment Research downgraded shares of Community Trust Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 21st. BidaskClub lowered shares of Community Trust Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $50.00.
About Community Trust Bancorp
Community Trust Bancorp, Inc is a bank holding company. The Company holds interests in a commercial bank, Community Trust Bank, Inc (the Bank), and a trust company, Community Trust and Investment Company. Through its subsidiaries, the Company engages in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes, and providing funds transfer services.
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