Community Trust Bancorp, Inc. (NASDAQ:CTBI) has received a consensus broker rating score of 3.00 (Hold) from the four brokers that cover the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold recommendation.

Analysts have set a 12 month consensus target price of $44.50 for the company and are forecasting that the company will post $0.73 EPS for the current quarter, according to Zacks. Zacks has also given Community Trust Bancorp an industry rank of 204 out of 265 based on the ratings given to its competitors.

Several brokerages have recently weighed in on CTBI. Zacks Investment Research raised shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Monday, October 23rd. BidaskClub downgraded Community Trust Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th.

Community Trust Bancorp (NASDAQ:CTBI) traded down $0.25 during mid-day trading on Monday, hitting $49.50. 28,700 shares of the company traded hands, compared to its average volume of 40,682. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $875.79, a PE ratio of 18.07 and a beta of 0.68. Community Trust Bancorp has a twelve month low of $40.33 and a twelve month high of $51.90.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. The business had revenue of $47.17 million during the quarter, compared to analysts’ expectations of $48.17 million. Community Trust Bancorp had a net margin of 24.15% and a return on equity of 9.47%. analysts predict 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 issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, December 14th. Community Trust Bancorp’s payout ratio is presently 48.18%.

In other news, Chairman Jean R. Hale sold 6,875 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was 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 of the company’s stock, valued at approximately $6,395,688.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Franky Minnifield sold 4,183 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly 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 three months, insiders sold 11,774 shares of company stock valued at $593,927. 4.80% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Community Trust Bancorp by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 880,354 shares of the financial services provider’s stock worth $38,516,000 after purchasing an additional 5,224 shares in the last quarter. Prudential Financial Inc. grew its position 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. Russell Investments Group Ltd. grew its position in shares of Community Trust Bancorp by 14.0% in the second quarter. Russell Investments Group Ltd. now owns 33,028 shares of the financial services provider’s stock valued at $1,445,000 after purchasing an additional 4,051 shares during the last quarter. State Street Corp grew its position in shares of Community Trust Bancorp by 4.0% in the second quarter. State Street Corp now owns 298,264 shares of the financial services provider’s stock valued at $13,047,000 after purchasing an additional 11,508 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Community Trust Bancorp by 13.6% in the second quarter. First Trust Advisors LP now owns 56,668 shares of the financial services provider’s stock valued at $2,479,000 after purchasing an additional 6,793 shares during the last quarter. 56.11% of the stock is owned by institutional investors and hedge funds.

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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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