Community Trust Bancorp (NASDAQ:CTBI) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Community Trust Bancorp, Inc. (NASDAQ:CTBI) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $52.76 and traded as high as $55.78. Community Trust Bancorp shares last traded at $53.88, with a volume of 50,010 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reissued an “overweight” rating and set a $64.00 price target on shares of Community Trust Bancorp in a report on Friday, November 8th.

Community Trust Bancorp Trading Down 2.4 %

The business has a fifty day moving average of $54.01 and a 200-day moving average of $52.76. The stock has a market capitalization of $973.07 million, a price-to-earnings ratio of 11.69 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90.

Community Trust Bancorp (NASDAQ:CTBI) last released its earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.02%. During the same quarter last year, the company earned $1.04 EPS. On average, equities analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date is Friday, March 14th. Community Trust Bancorp’s payout ratio is currently 40.78%.

Hedge Funds Weigh In On Community Trust Bancorp

A number of institutional investors have recently bought and sold shares of CTBI. US Bancorp DE increased its stake in Community Trust Bancorp by 311.8% in the 4th quarter. US Bancorp DE now owns 560 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 424 shares in the last quarter. Federated Hermes Inc. purchased a new position in Community Trust Bancorp in the 4th quarter worth about $46,000. Quantbot Technologies LP purchased a new position in Community Trust Bancorp in the 3rd quarter worth about $63,000. New York State Teachers Retirement System purchased a new position in Community Trust Bancorp in the 4th quarter worth about $75,000. Finally, Coastline Trust Co purchased a new position in Community Trust Bancorp in the 3rd quarter worth about $79,000. Hedge funds and other institutional investors own 60.20% of the company’s stock.

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.