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

Community Trust Bancorp, Inc. (NASDAQ:CTBI) crossed 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 traded.

Community Trust Bancorp Trading Down 1.7 %

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

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, beating analysts’ consensus estimates of $1.03 by $0.06. Community Trust Bancorp had a return on equity of 11.14% and a net margin of 21.85%. The firm had revenue of $92.36 million for the quarter, compared to analysts’ expectations of $58.65 million. Analysts predict that Community Trust Bancorp, Inc. will post 4.38 EPS for the current year.

Community Trust Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th will be given a dividend of $0.47 per share. The ex-dividend date is Friday, September 13th. This is a boost from Community Trust Bancorp’s previous quarterly dividend of $0.46. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.92%. Community Trust Bancorp’s dividend payout ratio (DPR) is currently 43.62%.

Insiders Place Their Bets

In other news, EVP David Andrew Jones bought 10,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was 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 of the company’s stock, valued at approximately $322,700. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 20,011 shares of company stock worth $645,881 over the last ninety days. Corporate insiders own 4.30% of the company’s stock.

Institutional Investors Weigh In On Community Trust Bancorp

Several large investors have recently added to or reduced their stakes in CTBI. Truist Financial Corp acquired a new position in shares of Community Trust Bancorp in the fourth quarter worth $344,000. Victory Capital Management Inc. raised its position in Community Trust Bancorp by 5.2% in the 4th quarter. Victory Capital Management Inc. now owns 8,605 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 428 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Community Trust Bancorp by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 120,219 shares of the financial services provider’s stock valued at $5,273,000 after buying an additional 2,090 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Community Trust Bancorp by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,158,760 shares of the financial services provider’s stock worth $50,824,000 after buying an additional 9,507 shares in the last quarter. Finally, Heartland Advisors Inc. purchased a new stake in shares of Community Trust Bancorp during the fourth quarter worth approximately $2,238,000. 60.20% of the stock is owned by hedge funds and other institutional investors.

About Community Trust Bancorp

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.