Community Trust Bancorp (NASDAQ:CTBI) Price Target Cut to $75.00 by Analysts at Piper Sandler

Community Trust Bancorp (NASDAQ:CTBI) had its target price lowered by analysts at Piper Sandler from $81.00 to $75.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective indicates a potential upside of 9.76% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Raymond James Financial started coverage on shares of Community Trust Bancorp in a report on Tuesday, September 1st. They set an “outperform” rating and a $82.00 target price on the stock. Weiss Ratings upgraded shares of Community Trust Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.50.

Community Trust Bancorp Stock Down 9.3%

NASDAQ:CTBI opened at $68.33 on Thursday. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 11.45 and a beta of 0.54. Community Trust Bancorp has a twelve month low of $50.25 and a twelve month high of $79.92. The stock’s 50 day moving average price is $75.94 and its two-hundred day moving average price is $71.92. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.08.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.22). Community Trust Bancorp had a net margin of 25.55% and a return on equity of 12.52%. The company had revenue of $79.70 million during the quarter, compared to analyst estimates of $80.20 million. Equities research analysts expect that Community Trust Bancorp will post 6.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Community Trust Bancorp

In related news, Director Franky Minnifield sold 3,900 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $78.85, for a total transaction of $307,515.00. Following the transaction, the director directly owned 8,320 shares of the company’s stock, valued at approximately $656,032. The trade was a 31.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Community Trust Bancorp

Several hedge funds have recently added to or reduced their stakes in CTBI. BlackRock Inc. acquired a new stake in Community Trust Bancorp during the 2nd quarter valued at $129,034,000. Community Trust & Investment Co. increased its holdings in shares of Community Trust Bancorp by 0.9% in the third quarter. Community Trust & Investment Co. now owns 1,013,094 shares of the financial services provider’s stock valued at $75,192,000 after purchasing an additional 8,687 shares during the last quarter. Lone Peak Global Investors LLC increased its holdings in shares of Community Trust Bancorp by 6.1% in the second quarter. Lone Peak Global Investors LLC now owns 300,504 shares of the financial services provider’s stock valued at $21,744,000 after purchasing an additional 17,388 shares during the last quarter. Jupiter Topco LLC bought a new position in shares of Community Trust Bancorp in the second quarter valued at about $14,956,000. Finally, Janus Henderson Group PLC raised its position in shares of Community Trust Bancorp by 114.0% in the first quarter. Janus Henderson Group PLC now owns 192,413 shares of the financial services provider’s stock valued at $11,684,000 after purchasing an additional 102,488 shares during the period. Institutional investors and hedge funds own 60.20% of the company’s stock.

Trending Headlines about Community Trust Bancorp

Here are the key news stories impacting Community Trust Bancorp this week:

• Positive Sentiment: Third-quarter net income increased to $25.9 million, or $1.43 per diluted share, from $23.9 million, or $1.33 per share, a year earlier. Net interest income rose 9.9% year over year, noninterest income increased 16.9%, and total loans grew by $177.9 million during the quarter. Community Trust Bancorp Reports $25.9 Million Third-Quarter 2026 Net Income
• Positive Sentiment: Noninterest expenses fell 2.4% from the prior quarter, while deposits, including repurchase agreements, reached approximately $6.0 billion. These trends point to continued balance-sheet growth and expense control. Community Trust Bancorp Reports $25.9 Million Third-Quarter 2026 Net Income
• Neutral Sentiment: Institutional ownership activity was mixed, with several large investors adding shares and others reducing positions. The data provides no clear near-term directional signal for CTBI. Community Trust Bancorp Reports $25.9 Million Third-Quarter 2026 Net Income
• Negative Sentiment: Adjusted earnings of $1.43 per share missed the $1.65 consensus estimate by $0.22, while revenue of $79.7 million was slightly below the $80.2 million estimate. The earnings shortfall was the primary catalyst for the stock’s weakness. Community Trust Bancorp Lags Q3 Earnings and Revenue Estimates
• Negative Sentiment: The provision for credit losses surged to $9.2 million, up $6.4 million from the second quarter. Investors may view the increase, along with reported third-quarter charge-offs, as evidence of rising credit risk and pressure on future profitability. Community Trust Bancorp Reports Charge Offs for the Third Quarter
• Negative Sentiment: The Law Offices of Frank R. Cruz announced an investigation into potential securities-law violations related to company disclosures. The investigation is preliminary and does not establish wrongdoing, but it adds headline and litigation risk for investors. Law Offices of Frank R. Cruz Investigation

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. Through its principal subsidiary, Community Trust Bank, the company provides banking and financial services to individuals, businesses and organizations.

Its products and services include checking and savings accounts, certificates of deposit, consumer and mortgage loans, commercial lending, agricultural financing and other credit products. Community Trust also offers trust and wealth-management services, investment products, insurance and digital banking tools.

Community Trust Bank traces its history to 1903 and has developed a regional banking network serving communities primarily throughout eastern and central Kentucky, as well as portions of southern West Virginia.