Community Trust Bancorp (NASDAQ:CTBI) Stock Passes Above 200-Day Moving Average of $43.58

Community Trust Bancorp, Inc. (NASDAQ:CTBI) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $43.58 and traded as high as $49.01. Community Trust Bancorp shares last traded at $48.02, with a volume of 32,780 shares trading hands.

Community Trust Bancorp Price Performance

The company has a market cap of $865.61 million, a PE ratio of 11.14 and a beta of 0.64. The firm has a 50 day simple moving average of $47.48 and a 200-day simple moving average of $43.60. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.09.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. Community Trust Bancorp had a net margin of 21.85% and a return on equity of 11.14%. The firm had revenue of $92.36 million for the quarter, compared to the consensus estimate of $58.65 million. As a group, research analysts predict that Community Trust Bancorp, Inc. will post 4.38 earnings per share for the current fiscal year.

Community Trust Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Friday, September 13th. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.46. Community Trust Bancorp’s dividend payout ratio is currently 43.62%.

Insider Transactions at Community Trust Bancorp

In related news, EVP David Andrew Jones acquired 10,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were purchased at an average price of $32.27 per share, for a total transaction of $322,700.00. Following the completion of the acquisition, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $322,700. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired 20,011 shares of company stock valued at $645,881 in the last quarter. 4.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Community Trust Bancorp

Several large investors have recently added to or reduced their stakes in the company. Heartland Advisors Inc. lifted its stake in shares of Community Trust Bancorp by 216.9% in the 1st quarter. Heartland Advisors Inc. now owns 161,700 shares of the financial services provider’s stock valued at $6,897,000 after purchasing an additional 110,681 shares during the period. Thoroughbred Financial Services LLC purchased a new stake in shares of Community Trust Bancorp during the 2nd quarter worth about $2,891,000. AQR Capital Management LLC grew its position in shares of Community Trust Bancorp by 37.8% during the 2nd quarter. AQR Capital Management LLC now owns 188,707 shares of the financial services provider’s stock valued at $8,239,000 after acquiring an additional 51,765 shares during the period. American Century Companies Inc. grew its position in shares of Community Trust Bancorp by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 274,759 shares of the financial services provider’s stock valued at $11,996,000 after acquiring an additional 46,745 shares during the period. Finally, LSV Asset Management increased its stake in shares of Community Trust Bancorp by 9.0% in the 1st quarter. LSV Asset Management now owns 290,157 shares of the financial services provider’s stock valued at $12,375,000 after purchasing an additional 23,890 shares in the last quarter. Hedge funds and other institutional investors own 60.20% of the company’s stock.

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.