Community Trust Bancorp, Inc. (NASDAQ:CTBI) Director Franky Minnifield purchased 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of $39.33 per share, with a total value of $39,330.00. Following the transaction, the director now directly owns 4,940 shares in the company, valued at $194,290.20. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Community Trust Bancorp stock traded down $0.42 during trading on Thursday, hitting $39.14. The company’s stock had a trading volume of 42,751 shares, compared to its average volume of 29,741. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.95 and a quick ratio of 0.94. The business’s fifty day moving average price is $41.36. The firm has a market capitalization of $719.98 million, a P/E ratio of 11.68 and a beta of 0.65. Community Trust Bancorp, Inc. has a 52 week low of $35.70 and a 52 week high of $51.20.
Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.18. The company had revenue of $48.28 million during the quarter, compared to analyst estimates of $48.98 million. Community Trust Bancorp had a net margin of 28.19% and a return on equity of 11.54%. As a group, equities research analysts anticipate that Community Trust Bancorp, Inc. will post 3.51 EPS for the current fiscal year.
Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a report on Friday, July 26th. BidaskClub upgraded shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 18th.
A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC increased its stake in Community Trust Bancorp by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 207,875 shares of the financial services provider’s stock worth $8,233,000 after acquiring an additional 10,451 shares during the last quarter. Bank of America Corp DE increased its stake in Community Trust Bancorp by 29.2% during the fourth quarter. Bank of America Corp DE now owns 13,566 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 3,063 shares during the last quarter. Legal & General Group Plc increased its stake in Community Trust Bancorp by 5.1% during the fourth quarter. Legal & General Group Plc now owns 5,836 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 283 shares during the last quarter. Norges Bank acquired a new stake in Community Trust Bancorp during the fourth quarter worth about $13,494,000. Finally, BNP Paribas Arbitrage SA increased its stake in Community Trust Bancorp by 241.4% during the first quarter. BNP Paribas Arbitrage SA now owns 3,236 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 2,288 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.
Community Trust Bancorp Company Profile
Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, Keogh plans, and savings certificates, as well as checking and savings, regular, individual retirement, NOW, and money market accounts.
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