Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) have been given a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.
Zacks has also given Community Trust Bancorp an industry rank of 73 out of 255 based on the ratings given to related companies.
Several research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Wednesday. ValuEngine upgraded shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Finally, BidaskClub raised shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th.
CTBI traded up $0.70 during trading on Monday, hitting $42.61. 29,699 shares of the stock were exchanged, compared to its average volume of 50,240. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $757.18 million, a P/E ratio of 12.72 and a beta of 0.58. Community Trust Bancorp has a 1 year low of $35.70 and a 1 year high of $53.00.
Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, January 16th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The business had revenue of $48.52 million for the quarter, compared to the consensus estimate of $48.80 million. Community Trust Bancorp had a return on equity of 11.31% and a net margin of 26.51%. Equities analysts anticipate that Community Trust Bancorp will post 3.51 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were given a dividend of $0.36 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.44 annualized dividend and a yield of 3.38%. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 42.99%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its stake in Community Trust Bancorp by 5.0% in the third quarter. Wells Fargo & Company MN now owns 26,732 shares of the financial services provider’s stock valued at $1,240,000 after purchasing an additional 1,271 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Community Trust Bancorp by 4.4% during the 3rd quarter. Prudential Financial Inc. now owns 173,873 shares of the financial services provider’s stock worth $8,059,000 after acquiring an additional 7,385 shares in the last quarter. Martingale Asset Management L P raised its stake in shares of Community Trust Bancorp by 2.0% during the 3rd quarter. Martingale Asset Management L P now owns 55,735 shares of the financial services provider’s stock worth $2,584,000 after acquiring an additional 1,103 shares in the last quarter. BlackRock Inc. lifted its position in Community Trust Bancorp by 1.3% during the third quarter. BlackRock Inc. now owns 1,202,108 shares of the financial services provider’s stock valued at $55,719,000 after acquiring an additional 15,644 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Community Trust Bancorp by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,166,878 shares of the financial services provider’s stock valued at $54,084,000 after acquiring an additional 55,778 shares during the last quarter. 60.46% of the stock is owned by hedge funds and other institutional investors.