Community Trust Bancorp Inc. (NASDAQ:CTBI) has received a consensus broker rating score of 3.00 (Hold) from the four brokers that cover the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold recommendation.
Analysts have set a 12 month consensus target price of $37.00 for the company and are forecasting that the company will post $0.69 EPS for the current quarter, according to Zacks. Zacks has also given Community Trust Bancorp an industry rank of 85 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th.
Community Trust Bancorp (NASDAQ:CTBI) traded up 1.46% during mid-day trading on Tuesday, reaching $36.81. 6,001 shares of the company’s stock traded hands. The stock has a market cap of $645.28 million, a P/E ratio of 13.94 and a beta of 0.80. The firm has a 50-day moving average price of $36.50 and a 200-day moving average price of $35.59. Community Trust Bancorp has a 1-year low of $30.89 and a 1-year high of $37.49.
Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by $0.02. Community Trust Bancorp had a return on equity of 9.61% and a net margin of 24.13%. Equities research analysts anticipate that Community Trust Bancorp will post $2.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Tuesday, September 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.53%. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.31. Community Trust Bancorp’s dividend payout ratio (DPR) is currently 48.49%.
In other news, CFO Kevin J. Stumbo sold 1,487 shares of Community Trust Bancorp stock in a transaction on Friday, September 16th. The stock was sold at an average price of $36.45, for a total transaction of $54,201.15. Following the completion of the sale, the chief financial officer now owns 917 shares of the company’s stock, valued at $33,424.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Jean R. Hale sold 12,427 shares of Community Trust Bancorp stock in a transaction on Friday, August 26th. The stock was sold at an average price of $36.95, for a total value of $459,177.65. Following the sale, the chairman now directly owns 124,926 shares of the company’s stock, valued at approximately $4,616,015.70. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.
Large investors have recently bought and sold shares of the company. Teacher Retirement System of Texas increased its stake in Community Trust Bancorp by 8.3% in the second quarter. Teacher Retirement System of Texas now owns 3,539 shares of the financial services provider’s stock worth $123,000 after buying an additional 271 shares in the last quarter. BlackRock Inc. increased its position in Community Trust Bancorp by 195.5% in the second quarter. BlackRock Inc. now owns 3,989 shares of the financial services provider’s stock worth $138,000 after buying an additional 2,639 shares during the period. Huntington Asset Advisors Inc. bought a new position in Community Trust Bancorp during the first quarter worth approximately $155,000. Advisor Group Inc. bought a new position in Community Trust Bancorp during the second quarter worth approximately $202,000. Finally, BlackRock Advisors LLC increased its position in Community Trust Bancorp by 1.5% in the second quarter. BlackRock Advisors LLC now owns 7,757 shares of the financial services provider’s stock worth $269,000 after buying an additional 115 shares during the period. 53.44% of the stock is owned by institutional investors.
About Community Trust Bancorp
Community Trust Bancorp, Inc (CTBI) is a bank holding company. The Company operates in the community banking services segment. The Company owns a commercial bank and a trust company, serving small and mid-sized communities in eastern, northeastern, central and south central Kentucky; southern West Virginia, and northeastern Tennessee.
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