Community Trust Bancorp (NASDAQ:CTBI) Downgraded by BidaskClub

Community Trust Bancorp (NASDAQ:CTBI) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, January 6th.

Separately, Zacks Investment Research raised Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Community Trust Bancorp currently has an average rating of “Hold” and an average target price of $50.00.

Community Trust Bancorp (NASDAQ CTBI) opened at $48.10 on Friday. 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 0.21, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $851.91, a PE ratio of 16.47 and a beta of 0.68.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.74 by ($0.02). Community Trust Bancorp had a return on equity of 9.59% and a net margin of 25.22%. The firm had revenue of $47.52 million for the quarter, compared to the consensus estimate of $48.00 million. equities research analysts predict that Community Trust Bancorp will post 3.26 EPS for the current year.

In other Community Trust Bancorp news, Director Chad C. Street purchased 4,000 shares of Community Trust Bancorp stock in a transaction that occurred on Friday, December 22nd. The shares were bought at an average price of $48.79 per share, for a total transaction of $195,160.00. Following the acquisition, the director now directly owns 5,000 shares in the company, valued at $243,950. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.80% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Community Trust Bancorp in the 3rd quarter valued at approximately $104,000. BNP Paribas Arbitrage SA lifted its position in Community Trust Bancorp by 350.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,555 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,988 shares in the last quarter. Legal & General Group Plc lifted its position in Community Trust Bancorp by 4.3% in the 2nd quarter. Legal & General Group Plc now owns 3,793 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 156 shares in the last quarter. Victory Capital Management Inc. lifted its position in Community Trust Bancorp by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,527 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 679 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Community Trust Bancorp in the 3rd quarter valued at approximately $211,000. Institutional investors own 56.20% of the company’s stock.

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About Community Trust Bancorp

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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