Charles J. Baird Buys 500 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) Stock

Community Trust Bancorp, Inc. (NASDAQ:CTBIGet Rating) Director Charles J. Baird acquired 500 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was bought at an average price of $40.06 per share, with a total value of $20,030.00. Following the purchase, the director now directly owns 3,551 shares of the company’s stock, valued at $142,253.06. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Community Trust Bancorp Stock Performance

NASDAQ CTBI opened at $39.67 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.82 and a quick ratio of 0.82. Community Trust Bancorp, Inc. has a 1 year low of $37.61 and a 1 year high of $48.05. The company has a market capitalization of $713.27 million, a PE ratio of 8.64 and a beta of 0.70. The company has a fifty day moving average of $43.62 and a two-hundred day moving average of $44.26.

Community Trust Bancorp (NASDAQ:CTBIGet Rating) last announced its earnings results on Wednesday, January 18th. The financial services provider reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.03. Community Trust Bancorp had a net margin of 32.00% and a return on equity of 13.01%. The business had revenue of $58.76 million during the quarter, compared to the consensus estimate of $59.55 million. As a group, analysts expect that Community Trust Bancorp, Inc. will post 4.49 earnings per share for the current year.

Community Trust Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 1st. Stockholders of record on Wednesday, March 15th will be paid a dividend of $0.44 per share. The ex-dividend date is Tuesday, March 14th. This represents a $1.76 annualized dividend and a dividend yield of 4.44%. Community Trust Bancorp’s dividend payout ratio (DPR) is 38.34%.

Analysts Set New Price Targets

Separately, downgraded shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, November 19th.

Institutional Investors Weigh In On Community Trust Bancorp

Several hedge funds have recently made changes to their positions in CTBI. Signaturefd LLC raised its holdings in Community Trust Bancorp by 156.9% during the third quarter. Signaturefd LLC now owns 709 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 433 shares in the last quarter. Money Concepts Capital Corp purchased a new position in Community Trust Bancorp during the fourth quarter worth about $32,000. Bessemer Group Inc. purchased a new position in Community Trust Bancorp during the third quarter worth about $35,000. Belpointe Asset Management LLC purchased a new position in Community Trust Bancorp during the fourth quarter worth about $44,000. Finally, Ensign Peak Advisors Inc purchased a new position in Community Trust Bancorp during the third quarter worth about $60,000. Institutional investors and hedge funds own 57.90% of the company’s stock.

Community Trust Bancorp Company Profile

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Community Trust Bancorp, Inc is a bank holding company, which engages in the provision of community banking services through its subsidiary Community Trust Bank, Inc It offers commercial & 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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