Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) have been given an average broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold recommendation.
Brokers have set a 1-year consensus target price of $44.50 for the company and are forecasting that the company will post $0.79 EPS for the current quarter, according to Zacks. Zacks has also given Community Trust Bancorp an industry rank of 14 out of 265 based on the ratings given to related companies.
CTBI has been the subject of a number of research reports. Zacks Investment Research raised Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Monday, October 23rd. BidaskClub raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th.
Several large investors have recently made changes to their positions in CTBI. SG Americas Securities LLC acquired a new stake in shares of Community Trust Bancorp in the third quarter worth about $104,000. Legal & General Group Plc lifted its position in shares of Community Trust Bancorp by 4.3% in the second quarter. Legal & General Group Plc now owns 3,793 shares of the financial services provider’s stock worth $166,000 after buying an additional 156 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Community Trust Bancorp in the third quarter worth about $211,000. Voya Investment Management LLC lifted its position in shares of Community Trust Bancorp by 6.0% during the 2nd quarter. Voya Investment Management LLC now owns 11,230 shares of the financial services provider’s stock worth $491,000 after purchasing an additional 637 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Community Trust Bancorp by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,987 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 163 shares during the last quarter. 56.19% of the stock is owned by institutional investors.
Shares of Community Trust Bancorp (CTBI) opened at $47.35 on Friday. The stock has a market capitalization of $829.86, a price-to-earnings ratio of 16.22 and a beta of 0.65. Community Trust Bancorp has a 12-month low of $40.33 and a 12-month high of $51.90. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.21.
Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). The firm had revenue of $47.52 million for the quarter, compared to analyst estimates of $48.00 million. Community Trust Bancorp had a net margin of 25.22% and a return on equity of 9.59%. equities analysts forecast that Community Trust Bancorp will post 3.26 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Thursday, March 15th will be given a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.79%. Community Trust Bancorp’s dividend payout ratio is currently 45.21%.
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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