The stock of Community Trust Bancorp, Inc. (NASDAQ:CTBI) hit a new 52-week high and has $49.02 target or 31.00% above today’s $37.42 share price. The 9 months bullish chart indicates low risk for the $661.26M company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $49.02 price target is reached, the company will be worth $204.99M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 15,561 shares traded hands. Community Trust Bancorp, Inc. (NASDAQ:CTBI) has risen 7.64% since March 16, 2016 and is uptrending. It has outperformed by 2.09% the S&P500.
According to Zacks Investment Research, “Community Trust Financial Services Corporation was incorporated under the laws for the purpose of becoming a bank holding company for Community Trust Bank. The Company is intended to facilitate the Bank’s ability to serve its customers’ requirements for financial services. The primary activity of the Company currently is, and is expected to remain for the foreseeable future, the ownership and operation of the Bank.”
Insitutional Activity: The institutional sentiment increased to 1.49 in Q2 2016. Its up 0.17, from 1.32 in 2016Q1. The ratio increased, as 1 funds sold all Community Trust Bancorp, Inc. shares owned while 34 reduced positions. 15 funds bought stakes while 37 increased positions. They now own 9.31 million shares or 4.20% more from 8.94 million shares in 2016Q1.
Geode Capital Mgmt Limited Liability Company holds 0% of its portfolio in Community Trust Bancorp, Inc. (NASDAQ:CTBI) for 127,002 shares. Royal Natl Bank Of Canada last reported 30 shares in the company. Legal General Grp Inc Public Ltd last reported 0% of its portfolio in the stock. Bancorpsouth holds 7,762 shares or 0.03% of its portfolio. Kennedy Management Incorporated reported 65,943 shares or 0.05% of all its holdings. Commercial Bank Of America De, a North Carolina-based fund reported 2,835 shares. Mcf Advsr Limited Liability reported 1,622 shares or 0.01% of all its holdings. Weaver C Barksdale & Associates holds 0.01% of its portfolio in Community Trust Bancorp, Inc. (NASDAQ:CTBI) for 203 shares. Community Tru Inv holds 1.93M shares or 8.48% of its portfolio. Lsv Asset Management last reported 0.02% of its portfolio in the stock. Rhumbline Advisers holds 22,865 shares or 0% of its portfolio. Blackrock Gp has 12,663 shares for 0% of their US portfolio. Citigroup has 0% invested in the company for 6,090 shares. Strs Ohio has 0% invested in the company for 20,600 shares. Dean Invest Associate Limited Liability Company last reported 0.63% of its portfolio in the stock.
Insider Transactions: Since April 22, 2016, the stock had 0 insider purchases, and 6 insider sales for $1.35 million net activity. The insider GOOCH MARK A sold $354,447. $195,227 worth of Community Trust Bancorp, Inc. (NASDAQ:CTBI) shares were sold by STUMBO KEVIN J. $459,203 worth of Community Trust Bancorp, Inc. (NASDAQ:CTBI) was sold by HALE JEAN R on Friday, August 26. $284,180 worth of Community Trust Bancorp, Inc. (NASDAQ:CTBI) was sold by BAIRD CHARLES J on Wednesday, June 15. The insider Waters Andy D sold $7,574. Shares for $138,335 were sold by GARTNER JAMES J.
More important recent Community Trust Bancorp, Inc. (NASDAQ:CTBI) news were published by: Businesswire.com which released: “Community Trust Bancorp, Inc. Reports Earnings for the Third Quarter 2016” on October 19, 2016, also Businesswire.com published article titled: “Community Trust Bancorp, Inc. Increases Its Cash Dividend”, Nasdaq.com published: “Community Trust Bancorp, Inc. (CTBI) Ex-Dividend Date Scheduled for September …” on September 12, 2016. More interesting news about Community Trust Bancorp, Inc. (NASDAQ:CTBI) was released by: Reuters.com and their article: “BRIEF-Community Trust Bancorp reports Q3 earnings per share $0.70” with publication date: October 19, 2016.
CTBI Company Profile
Community Trust Bancorp, Inc. (CTBI), incorporated on August 12, 1980, is a bank holding company. The Firm operates in the community banking services segment. The Firm owns a commercial bank and a trust company, serving small and mid-sized communities in eastern, northeastern, central and south central Kentucky; southern West Virginia, and northeastern Tennessee. The commercial bank is Community Trust Bank, Inc., Pikeville, Kentucky (CTB) and the trust firm is Community Trust and Investment Company in Lexington, Kentucky. Through its subsidiaries, CTBI engages in a range of commercial and personal banking and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to firms, 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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