Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) have received an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Zacks has also given Community Trust Bancorp an industry rank of 97 out of 256 based on the ratings given to its competitors.
CTBI has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. BidaskClub raised shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th.
A number of institutional investors have recently modified their holdings of the business. FMR LLC increased its stake in Community Trust Bancorp by 68.9% during the 1st quarter. FMR LLC now owns 192,176 shares of the financial services provider’s stock valued at $7,891,000 after purchasing an additional 78,400 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in Community Trust Bancorp during the 1st quarter valued at approximately $233,000. SEI Investments Co acquired a new position in Community Trust Bancorp during the 1st quarter valued at approximately $210,000. Oxford Asset Management LLP increased its stake in Community Trust Bancorp by 20.8% during the 1st quarter. Oxford Asset Management LLP now owns 33,511 shares of the financial services provider’s stock valued at $1,376,000 after purchasing an additional 5,769 shares in the last quarter. Finally, Clifford Capital Partners LLC increased its stake in Community Trust Bancorp by 2.3% during the 1st quarter. Clifford Capital Partners LLC now owns 104,210 shares of the financial services provider’s stock valued at $4,279,000 after purchasing an additional 2,345 shares in the last quarter. Institutional investors and hedge funds own 57.91% of the company’s stock.
NASDAQ:CTBI opened at $39.59 on Friday. Community Trust Bancorp has a 52 week low of $35.70 and a 52 week high of $53.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.95 and a quick ratio of 0.94. The company has a market cap of $703.62 million, a P/E ratio of 11.82 and a beta of 0.61.
Community Trust Bancorp (NASDAQ:CTBI) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.02. Community Trust Bancorp had a net margin of 25.64% and a return on equity of 10.95%. The company had revenue of $48.15 million during the quarter, compared to analysts’ expectations of $48.00 million. As a group, equities analysts anticipate that Community Trust Bancorp will post 3.55 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Saturday, June 15th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.44 dividend on an annualized basis and a yield of 3.64%. Community Trust Bancorp’s payout ratio is 42.99%.
Community Trust Bancorp Company Profile
Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, Keogh plans, and savings certificates, as well as checking and savings, regular, individual retirement, NOW, and money market accounts.
Read More: Options Trading – What is a Straddle?
Get a free copy of the Zacks research report on Community Trust Bancorp (CTBI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Community Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.