Zacks: Community Trust Bancorp, Inc. (CTBI) Given Average Rating of “Hold” by Analysts
Community Trust Bancorp, Inc. (NASDAQ:CTBI) has been given a consensus broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold rating.
Analysts have set a 12 month consensus price objective of $43.25 for the company and are predicting 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 219 out of 265 based on the ratings given to its competitors.
CTBI has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Monday, October 23rd. BidaskClub lowered shares of Community Trust Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th.
Shares of Community Trust Bancorp (CTBI) traded down $0.05 during midday trading on Friday, reaching $48.45. 17,299 shares of the company traded hands, compared to its average volume of 40,010. The company has a market capitalization of $856.33, a price-to-earnings ratio of 17.90 and a beta of 0.68. Community Trust Bancorp has a fifty-two week low of $36.05 and a fifty-two week high of $51.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.95 and a current ratio of 0.95.
Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. Community Trust Bancorp had a net margin of 24.15% and a return on equity of 9.54%. The firm had revenue of $47.17 million for the quarter, compared to analyst estimates of $48.17 million. equities analysts anticipate that Community Trust Bancorp will post 2.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 15th will be issued a $0.33 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.32 annualized dividend and a dividend yield of 2.72%. Community Trust Bancorp’s dividend payout ratio is currently 48.00%.
In other news, Chairman Jean R. Hale sold 6,875 shares of the stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $50.60, for a total value of $347,875.00. Following the completion of the sale, the chairman now owns 126,397 shares in the company, valued at $6,395,688.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Franky Minnifield sold 4,183 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $50.26, for a total transaction of $210,237.58. Following the completion of the sale, the director now owns 5,075 shares of the company’s stock, valued at approximately $255,069.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,599 shares of company stock valued at $584,862. 4.80% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in shares of Community Trust Bancorp by 6.2% in the first quarter. Bank of New York Mellon Corp now owns 121,242 shares of the financial services provider’s stock valued at $5,547,000 after purchasing an additional 7,111 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Community Trust Bancorp by 5.6% in the second quarter. Prudential Financial Inc. now owns 125,659 shares of the financial services provider’s stock valued at $5,498,000 after purchasing an additional 6,620 shares during the last quarter. American International Group Inc. increased its holdings in Community Trust Bancorp by 6.9% during the first quarter. American International Group Inc. now owns 9,363 shares of the financial services provider’s stock worth $428,000 after buying an additional 606 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Community Trust Bancorp by 14.0% during the second quarter. Russell Investments Group Ltd. now owns 33,028 shares of the financial services provider’s stock worth $1,445,000 after buying an additional 4,051 shares during the last quarter. Finally, FMR LLC increased its holdings in Community Trust Bancorp by 39.2% during the first quarter. FMR LLC now owns 407,750 shares of the financial services provider’s stock worth $18,655,000 after buying an additional 114,900 shares during the last quarter. Institutional investors own 56.80% of the company’s stock.
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Community Trust Bancorp Company Profile
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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