Community Trust Bancorp, Inc. (NASDAQ:CTBI) Director Purchases $102,020.00 in Stock

Community Trust Bancorp, Inc. (NASDAQ:CTBI - Get Free Report) Director Franky Minnifield bought 2,000 shares of the business's stock in a transaction on Monday, June 2nd. The shares were acquired at an average price of $51.01 per share, with a total value of $102,020.00. Following the transaction, the director now owns 17,099 shares of the company's stock, valued at $872,219.99. The trade was a 13.25% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Community Trust Bancorp Trading Up 1.4%

Shares of NASDAQ CTBI traded up $0.73 during midday trading on Tuesday, reaching $51.45. 49,654 shares of the stock were exchanged, compared to its average volume of 56,617. The company has a market capitalization of $931.81 million, a P/E ratio of 11.16 and a beta of 0.56. Community Trust Bancorp, Inc. has a 52-week low of $40.19 and a 52-week high of $61.67. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $49.65 and a 200-day moving average price of $52.85.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. The business had revenue of $66.16 million during the quarter, compared to the consensus estimate of $64.92 million. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. During the same period in the previous year, the firm posted $1.04 earnings per share. Equities research analysts expect that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Sunday, June 15th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.88 dividend on an annualized basis and a yield of 3.65%. Community Trust Bancorp's payout ratio is 39.25%.

Institutional Investors Weigh In On Community Trust Bancorp

A number of institutional investors have recently bought and sold shares of the stock. Aptus Capital Advisors LLC grew its holdings in Community Trust Bancorp by 1.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 12,456 shares of the financial services provider's stock valued at $666,000 after purchasing an additional 219 shares during the period. PNC Financial Services Group Inc. grew its holdings in Community Trust Bancorp by 39.8% in the first quarter. PNC Financial Services Group Inc. now owns 801 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 228 shares during the period. SummerHaven Investment Management LLC grew its holdings in Community Trust Bancorp by 1.5% in the first quarter. SummerHaven Investment Management LLC now owns 18,278 shares of the financial services provider's stock valued at $920,000 after purchasing an additional 268 shares during the period. BTC Capital Management Inc. grew its holdings in Community Trust Bancorp by 3.9% in the first quarter. BTC Capital Management Inc. now owns 7,552 shares of the financial services provider's stock valued at $380,000 after purchasing an additional 282 shares during the period. Finally, LPL Financial LLC grew its holdings in Community Trust Bancorp by 6.6% in the fourth quarter. LPL Financial LLC now owns 4,964 shares of the financial services provider's stock valued at $263,000 after purchasing an additional 307 shares during the period. 60.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CTBI has been the subject of a number of research reports. Raymond James cut their target price on shares of Community Trust Bancorp from $60.00 to $58.00 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd. Piper Sandler lowered their price target on shares of Community Trust Bancorp from $60.00 to $56.00 and set an "overweight" rating for the company in a report on Thursday, April 17th.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that engages in the provision of commercial and personal banking, and trust and wealth management services to small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, as well as southern West Virginia, and northeastern Tennessee.