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| Get An Even Better Deal On CTBI Than Director Baird DidBy Dividend Channel Staff, Wednesday, November 24, 11:17 AM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 9, Community Trust Bancorp, Inc.'s Director, Charles J. Baird, invested $22,880.00 into 500 shares of CTBI, for a cost per share of $45.76. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Wednesday, bargain hunters could buy shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) and achieve a cost basis 5.0% cheaper than Baird, with shares changing hands as low as $43.48 per share. Community Trust Bancorp, Inc. shares are currently trading up about 0.2% on the day. The chart below shows the one year performance of CTBI shares, versus its 200 day moving average:
Looking at the chart above, CTBI's low point in its 52 week range is $33.65 per share, with $47.5348 as the 52 week high point — that compares with a last trade of $44.54. By comparison, below is a table showing the prices at which CTBI insider buying was recorded over the last six months:
The current annualized dividend paid by Community Trust Bancorp, Inc. is $1.6/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 12/14/2021. Below is a long-term dividend history chart for CTBI, which can be of good help in judging whether the most recent dividend with approx. 3.6% annualized yield is likely to continue.
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