Zacks: Community Trust Bancorp, Inc. (NASDAQ:CTBI) Given Consensus Rating of “Hold” by Brokerages

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Community Trust Bancorp, Inc. (NASDAQ:CTBI) has earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Zacks has also assigned Community Trust Bancorp an industry rank of 148 out of 255 based on the ratings given to its competitors.

Several research analysts recently weighed in on CTBI shares. BidaskClub downgraded shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Zacks Investment Research raised shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a report on Monday, December 2nd. Finally, ValuEngine raised shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

Community Trust Bancorp stock traded up $0.56 during mid-day trading on Thursday, hitting $46.07. The stock had a trading volume of 54,108 shares, compared to its average volume of 31,292. The firm has a market capitalization of $809.17 million, a P/E ratio of 13.75 and a beta of 0.67. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $44.43 and its 200 day moving average is $41.97. Community Trust Bancorp has a one year low of $35.70 and a one year high of $46.44.

Community Trust Bancorp (NASDAQ:CTBI) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.02. The company had revenue of $48.91 million during the quarter, compared to the consensus estimate of $48.96 million. Community Trust Bancorp had a net margin of 27.46% and a return on equity of 10.97%. As a group, equities research analysts forecast that Community Trust Bancorp will post 3.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Sunday, December 15th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.30%. The ex-dividend date is Thursday, December 12th. Community Trust Bancorp’s dividend payout ratio is currently 45.37%.

In other Community Trust Bancorp news, EVP Charles Wayne Hancock II sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $44.28, for a total value of $442,800.00. Corporate insiders own 4.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Zebra Capital Management LLC purchased a new stake in Community Trust Bancorp in the 3rd quarter worth $419,000. California State Teachers Retirement System lifted its stake in Community Trust Bancorp by 1.5% in the 3rd quarter. California State Teachers Retirement System now owns 24,104 shares of the financial services provider’s stock worth $1,026,000 after purchasing an additional 367 shares in the last quarter. Systematic Financial Management LP lifted its stake in Community Trust Bancorp by 10.9% in the 3rd quarter. Systematic Financial Management LP now owns 10,420 shares of the financial services provider’s stock worth $444,000 after purchasing an additional 1,020 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Community Trust Bancorp in the 3rd quarter worth $29,000. Finally, Russell Investments Group Ltd. purchased a new stake in Community Trust Bancorp in the 3rd quarter worth $408,000. Institutional investors and hedge funds own 58.70% of the company’s stock.

About Community Trust Bancorp

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.

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