Andy D. Waters Buys 10,000 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) Stock

Community Trust Bancorp, Inc. (NASDAQ:CTBI) EVP Andy D. Waters acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was bought at an average price of $32.27 per share, with a total value of $322,700.00. Following the completion of the acquisition, the executive vice president now directly owns 11,401 shares of the company’s stock, valued at $367,910.27. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Community Trust Bancorp Stock Performance

Shares of Community Trust Bancorp stock opened at $50.67 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average price of $43.08 and a two-hundred day moving average price of $41.79. Community Trust Bancorp, Inc. has a 1-year low of $33.48 and a 1-year high of $51.00. The company has a market cap of $913.58 million, a P/E ratio of 11.75 and a beta of 0.66.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. Community Trust Bancorp had a return on equity of 11.27% and a net margin of 21.85%. The firm had revenue of $92.36 million during the quarter, compared to the consensus estimate of $58.65 million. As a group, analysts anticipate that Community Trust Bancorp, Inc. will post 4.38 EPS for the current year.

Institutional Trading of Community Trust Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LSV Asset Management increased its position in 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 buying an additional 23,890 shares in the last quarter. Heartland Advisors Inc. increased its position in 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 buying an additional 110,681 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in 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 in the last quarter. Assenagon Asset Management S.A. increased its position in Community Trust Bancorp by 118.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 65,844 shares of the financial services provider’s stock valued at $2,888,000 after buying an additional 35,765 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Community Trust Bancorp by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,158,760 shares of the financial services provider’s stock valued at $50,824,000 after buying an additional 9,507 shares in the last quarter. 60.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Janney Montgomery Scott started coverage on Community Trust Bancorp in a report on Wednesday, March 27th. They issued a “buy” rating and a $49.00 price objective for the company.

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.