Community Trust Bancorp, Inc. (NASDAQ:CTBI) has been given a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Analysts have set a 1-year consensus target price of $45.00 for the company and are forecasting that the company will post $0.85 EPS for the current quarter, according to Zacks. Zacks has also assigned Community Trust Bancorp an industry rank of 173 out of 255 based on the ratings given to related companies.
Several equities analysts have recently weighed in on CTBI shares. Zacks Investment Research upgraded shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. ValuEngine upgraded shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub downgraded shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th.
In other news, Director Franky Minnifield acquired 1,000 shares of Community Trust Bancorp stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of $39.33 per share, with a total value of $39,330.00. Following the completion of the purchase, the director now owns 4,940 shares in the company, valued at $194,290.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.90% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of CTBI. FMR LLC grew its stake in Community Trust Bancorp by 68.9% during the first quarter. FMR LLC now owns 192,176 shares of the financial services provider’s stock valued at $7,891,000 after acquiring an additional 78,400 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Community Trust Bancorp during the second quarter valued at approximately $293,000. HMS Capital Management LLC purchased a new position in Community Trust Bancorp during the second quarter valued at approximately $48,000. Community Trust & Investment Co. lifted its position in Community Trust Bancorp by 0.8% during the second quarter. Community Trust & Investment Co. now owns 1,752,526 shares of the financial services provider’s stock valued at $74,114,000 after purchasing an additional 13,725 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in Community Trust Bancorp by 2.6% during the second quarter. Bessemer Group Inc. now owns 43,600 shares of the financial services provider’s stock valued at $1,844,000 after purchasing an additional 1,100 shares during the last quarter. 58.18% of the stock is owned by institutional investors.
NASDAQ CTBI traded up $0.34 during trading hours on Friday, reaching $42.68. 3,605 shares of the company were exchanged, compared to its average volume of 40,101. The stock has a market capitalization of $751.27 million, a P/E ratio of 12.73 and a beta of 0.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.13. The business’s 50 day simple moving average is $41.61 and its 200-day simple moving average is $41.37. Community Trust Bancorp has a 1 year low of $35.70 and a 1 year high of $46.69.
Community Trust Bancorp (NASDAQ:CTBI) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The firm had revenue of $48.91 million during the quarter, compared to the consensus estimate of $48.96 million. Community Trust Bancorp had a net margin of 28.19% and a return on equity of 11.38%. As a group, sell-side analysts anticipate that Community Trust Bancorp will post 3.43 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th were paid a $0.38 dividend. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, September 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.56%. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 45.37%.
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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