Community Trust Bancorp, Inc. (NASDAQ:CTBI) Short Interest Up 23.3% in July

Community Trust Bancorp, Inc. (NASDAQ:CTBI) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 156,100 shares, a growth of 23.3% from the June 30th total of 126,600 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 53,200 shares, the days-to-cover ratio is currently 2.9 days.

Insider Activity at Community Trust Bancorp

In other Community Trust Bancorp news, EVP David Andrew Jones bought 10,000 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were bought at an average cost of $32.27 per share, for a total transaction of $322,700.00. Following the acquisition, the executive vice president now directly owns 10,000 shares in the company, valued at $322,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased 20,011 shares of company stock worth $645,881 in the last 90 days. 4.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Community Trust Bancorp

A number of large investors have recently modified their holdings of the business. Parallel Advisors LLC raised its stake in Community Trust Bancorp by 77.8% during the fourth quarter. Parallel Advisors LLC now owns 704 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 308 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Community Trust Bancorp in the 1st quarter valued at about $78,000. SG Americas Securities LLC acquired a new position in Community Trust Bancorp during the 4th quarter worth approximately $109,000. CWM LLC grew its stake in shares of Community Trust Bancorp by 1,932.0% during the second quarter. CWM LLC now owns 2,601 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 2,473 shares in the last quarter. Finally, EMC Capital Management purchased a new position in shares of Community Trust Bancorp in the 1st quarter valued at about $119,000. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Performance

Shares of NASDAQ CTBI traded up $1.05 during mid-day trading on Friday, hitting $52.15. The stock had a trading volume of 88,923 shares, compared to its average volume of 85,048. Community Trust Bancorp has a twelve month low of $33.48 and a twelve month high of $52.22. The firm has a market cap of $940.26 million, a PE ratio of 12.10 and a beta of 0.66. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 0.88. The company has a 50 day moving average of $43.64 and a two-hundred day moving average of $42.05.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. The business had revenue of $92.36 million for the quarter, compared to analyst estimates of $58.65 million. Community Trust Bancorp had a return on equity of 11.27% and a net margin of 21.85%. Research analysts predict that Community Trust Bancorp will post 4.38 EPS for the current fiscal year.

Community Trust Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.46. Community Trust Bancorp’s dividend payout ratio (DPR) is 42.69%.

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.