Community Trust Bancorp (CTBI) Stock Rating Lowered by BidaskClub

Community Trust Bancorp (NASDAQ:CTBI) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

A number of other brokerages have also recently commented on CTBI. Zacks Investment Research cut shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. ValuEngine raised shares of Community Trust Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th.

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Shares of NASDAQ CTBI opened at $48.75 on Wednesday. The stock has a market capitalization of $833.29, a P/E ratio of 17.41 and a beta of 0.67. Community Trust Bancorp has a 52 week low of $40.33 and a 52 week high of $51.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.93 and a current ratio of 0.93.



Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.13. The firm had revenue of $47.90 million for the quarter, compared to analysts’ expectations of $47.10 million. Community Trust Bancorp had a net margin of 26.71% and a return on equity of 10.31%. equities research analysts expect that Community Trust Bancorp will post 3.3 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in CTBI. New York State Common Retirement Fund boosted its stake in shares of Community Trust Bancorp by 215.4% during the 3rd quarter. New York State Common Retirement Fund now owns 53,300 shares of the financial services provider’s stock worth $2,478,000 after purchasing an additional 36,400 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Community Trust Bancorp by 7.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 35,442 shares of the financial services provider’s stock worth $1,648,000 after purchasing an additional 2,414 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Community Trust Bancorp during the 3rd quarter worth about $104,000. Wells Fargo & Company MN boosted its stake in shares of Community Trust Bancorp by 42.8% during the 3rd quarter. Wells Fargo & Company MN now owns 20,587 shares of the financial services provider’s stock worth $957,000 after purchasing an additional 6,173 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Community Trust Bancorp by 5.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 86,889 shares of the financial services provider’s stock worth $4,041,000 after purchasing an additional 4,580 shares during the last quarter. 58.75% of the stock is currently owned by institutional investors.

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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, individual retirement, NOW, and money market accounts.

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