Community Trust Bancorp, Inc. (NASDAQ:CTBI) has received an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Zacks has also given Community Trust Bancorp an industry rank of 150 out of 255 based on the ratings given to its competitors.
A number of research firms recently commented on CTBI. Zacks Investment Research raised shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Wednesday, April 3rd. BidaskClub raised shares of Community Trust Bancorp from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 30th. Finally, ValuEngine raised shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, January 5th.
Shares of CTBI stock traded down $1.20 during trading hours on Tuesday, reaching $42.23. 29,178 shares of the stock were exchanged, compared to its average volume of 31,838. Community Trust Bancorp has a 12-month low of $35.70 and a 12-month high of $53.00. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. The stock has a market cap of $750.34 million, a PE ratio of 12.61 and a beta of 0.58.
Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. Community Trust Bancorp had a net margin of 25.64% and a return on equity of 11.07%. The firm had revenue of $48.15 million during the quarter, compared to analysts’ expectations of $48.00 million. Sell-side analysts forecast that Community Trust Bancorp will post 3.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a $0.36 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.44 annualized dividend and a yield of 3.41%. Community Trust Bancorp’s dividend payout ratio (DPR) is 42.99%.
A number of institutional investors have recently added to or reduced their stakes in the business. Community Trust & Investment Co. boosted its position in Community Trust Bancorp by 2.3% in the 4th quarter. Community Trust & Investment Co. now owns 1,782,758 shares of the financial services provider’s stock valued at $70,615,000 after buying an additional 39,444 shares during the period. BlackRock Inc. boosted its position in Community Trust Bancorp by 2.7% in the 4th quarter. BlackRock Inc. now owns 1,234,357 shares of the financial services provider’s stock valued at $48,894,000 after buying an additional 32,249 shares during the period. Dimensional Fund Advisors LP boosted its position in Community Trust Bancorp by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,181,127 shares of the financial services provider’s stock valued at $46,784,000 after buying an additional 14,249 shares during the period. Vanguard Group Inc. boosted its position in Community Trust Bancorp by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 923,497 shares of the financial services provider’s stock valued at $42,804,000 after buying an additional 23,057 shares during the period. Finally, Vanguard Group Inc boosted its position in Community Trust Bancorp by 2.6% in the 3rd quarter. Vanguard Group Inc now owns 923,497 shares of the financial services provider’s stock valued at $42,804,000 after buying an additional 23,057 shares during the period. 59.76% of the stock is owned by institutional investors.
Community Trust Bancorp Company Profile
Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, Keogh plans, and savings certificates, as well as checking and savings, regular, individual retirement, NOW, and money market accounts.
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