Community Trust Bancorp (NASDAQ:CTBI) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Community Trust Bancorp, Inc. (NASDAQ:CTBI)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $57.70 and traded as high as $60.30. Community Trust Bancorp shares last traded at $57.73, with a volume of 122,214 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Community Trust Bancorp in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $63.50.

Community Trust Bancorp Trading Down 1.5%

The company has a market cap of $1.05 billion, a P/E ratio of 10.63 and a beta of 0.57. The firm’s 50 day moving average is $61.25 and its two-hundred day moving average is $57.70. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.08.

Community Trust Bancorp (NASDAQ:CTBI) last announced its earnings results on Wednesday, January 21st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.08. The business had revenue of $74.72 million during the quarter, compared to analyst estimates of $73.15 million. Community Trust Bancorp had a return on equity of 11.96% and a net margin of 23.95%. As a group, equities research analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Sunday, March 15th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, March 13th. Community Trust Bancorp’s payout ratio is currently 39.04%.

Institutional Trading of Community Trust Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CTBI. Assetmark Inc. bought a new position in Community Trust Bancorp during the 4th quarter worth approximately $27,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Community Trust Bancorp in the 4th quarter worth approximately $30,000. State of Alaska Department of Revenue bought a new stake in shares of Community Trust Bancorp in the 3rd quarter valued at $40,000. Farther Finance Advisors LLC boosted its stake in shares of Community Trust Bancorp by 51.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,148 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 390 shares during the last quarter. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Community Trust Bancorp during the third quarter worth $86,000. Institutional investors and hedge funds own 60.20% of the company’s stock.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. As the parent of Community Trust Bank, the company provides a comprehensive range of banking services to individuals, families and businesses throughout eastern Kentucky, southern West Virginia and northeast Tennessee. With origins dating back to the early 20th century, the organization has built a reputation for supporting community development and regional economic growth across the Appalachian region.

The company’s personal banking offerings include checking and savings accounts, consumer installment loans, home equity and mortgage lending, as well as online and mobile banking platforms.