Community Trust Bancorp, Inc. (NASDAQ:CTBI – Get Free Report) Director Franky Minnifield sold 3,900 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $78.85, for a total value of $307,515.00. Following the completion of the transaction, the director owned 8,320 shares of the company’s stock, valued at $656,032. This represents a 31.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Community Trust Bancorp Price Performance
Shares of NASDAQ:CTBI opened at $78.11 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 13.08 and a beta of 0.53. The business has a 50-day simple moving average of $74.19 and a two-hundred day simple moving average of $67.29. Community Trust Bancorp, Inc. has a fifty-two week low of $50.25 and a fifty-two week high of $79.92.
Community Trust Bancorp (NASDAQ:CTBI – Get Free Report) last announced its quarterly earnings results on Wednesday, July 15th. The financial services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.12. Community Trust Bancorp had a net margin of 25.55% and a return on equity of 12.52%. The firm had revenue of $78.49 million during the quarter, compared to analyst estimates of $76.85 million. On average, analysts expect that Community Trust Bancorp, Inc. will post 6.41 earnings per share for the current year.
Community Trust Bancorp Increases Dividend
Analyst Upgrades and Downgrades
A number of analysts recently commented on CTBI shares. Weiss Ratings upgraded Community Trust Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, August 13th. Raymond James Financial reissued an “outperform” rating and issued a $82.00 target price on shares of Community Trust Bancorp in a research report on Thursday, July 16th. Piper Sandler boosted their price target on Community Trust Bancorp from $76.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Zacks Research lowered shares of Community Trust Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $81.50.
Check Out Our Latest Report on Community Trust Bancorp
Hedge Funds Weigh In On Community Trust Bancorp
Several institutional investors and hedge funds have recently bought and sold shares of CTBI. Thrivent Financial for Lutherans lifted its holdings in shares of Community Trust Bancorp by 0.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 55,617 shares of the financial services provider’s stock valued at $3,143,000 after acquiring an additional 163 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Community Trust Bancorp by 7.6% during the second quarter. CANADA LIFE ASSURANCE Co now owns 2,958 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 208 shares during the last quarter. BTC Capital Management Inc. raised its position in Community Trust Bancorp by 4.0% during the first quarter. BTC Capital Management Inc. now owns 9,139 shares of the financial services provider’s stock valued at $555,000 after purchasing an additional 350 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Community Trust Bancorp by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,122 shares of the financial services provider’s stock valued at $459,000 after purchasing an additional 381 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Community Trust Bancorp by 4.5% in the 4th quarter. Franklin Resources Inc. now owns 10,496 shares of the financial services provider’s stock valued at $593,000 after purchasing an additional 452 shares during the last quarter. 60.20% of the stock is currently owned by hedge funds and other institutional investors.
Community Trust Bancorp Company Profile
Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. As the parent of Community Trust Bank, the company provides a comprehensive range of banking services to individuals, families and businesses throughout eastern Kentucky, southern West Virginia and northeast Tennessee. With origins dating back to the early 20th century, the organization has built a reputation for supporting community development and regional economic growth across the Appalachian region.
The company’s personal banking offerings include checking and savings accounts, consumer installment loans, home equity and mortgage lending, as well as online and mobile banking platforms.
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