Community Trust Bancorp, Inc. (NASDAQ:CTBI) has been assigned a consensus broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four research analysts have rated the stock with a hold rating.
Brokerages have set a 1-year consensus target price of $44.50 for the company and are expecting that the company will post $0.73 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Community Trust Bancorp an industry rank of 209 out of 265 based on the ratings given to its competitors.
CTBI has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Monday, October 23rd. BidaskClub lowered shares of Community Trust Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th.
Community Trust Bancorp (NASDAQ:CTBI) traded up $0.50 during trading hours on Friday, hitting $48.70. 38,800 shares of the stock were exchanged, compared to its average volume of 40,794. Community Trust Bancorp has a 12 month low of $40.33 and a 12 month high of $51.35. The company has a market capitalization of $852.79, a price-to-earnings ratio of 17.59 and a beta of 0.68. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.94 and a current ratio of 0.94.
Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.06. Community Trust Bancorp had a net margin of 24.15% and a return on equity of 9.47%. The company had revenue of $47.17 million for the quarter, compared to analyst estimates of $48.17 million. research analysts expect that Community Trust Bancorp will post 2.81 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 15th will be paid a $0.33 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.32 annualized dividend and a dividend yield of 2.71%. Community Trust Bancorp’s payout ratio is 48.18%.
In other news, Director Franky Minnifield sold 4,183 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $50.26, for a total value of $210,237.58. Following the sale, the director now owns 5,075 shares in the company, valued at $255,069.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Chairman Jean R. Hale sold 6,875 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $50.60, for a total transaction of $347,875.00. Following the completion of the sale, the chairman now owns 126,397 shares in the company, valued at approximately $6,395,688.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,599 shares of company stock worth $584,862. 4.80% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Maltese Capital Management LLC grew its stake in shares of Community Trust Bancorp by 3.4% in the third quarter. Maltese Capital Management LLC now owns 92,650 shares of the financial services provider’s stock worth $4,308,000 after acquiring an additional 3,050 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Community Trust Bancorp by 2.7% in the third quarter. Dimensional Fund Advisors LP now owns 978,098 shares of the financial services provider’s stock worth $45,482,000 after acquiring an additional 25,343 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Community Trust Bancorp by 5.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 86,889 shares of the financial services provider’s stock worth $4,041,000 after buying an additional 4,580 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Community Trust Bancorp by 42.8% during the third quarter. Wells Fargo & Company MN now owns 20,587 shares of the financial services provider’s stock worth $957,000 after buying an additional 6,173 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Community Trust Bancorp during the third quarter worth $104,000. Institutional investors and hedge funds own 56.73% of the company’s stock.
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About Community Trust Bancorp
Community Trust Bancorp, Inc is a bank holding company. The Company holds interests in a commercial bank, Community Trust Bank, Inc (the Bank), and a trust company, Community Trust and Investment Company. Through its subsidiaries, the Company 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 corporations, 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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