BidaskClub upgraded shares of Community Trust Bancorp (NASDAQ:CTBI) from a strong sell rating to a sell rating in a research report released on Friday.
Separately, ValuEngine upgraded Community Trust Bancorp from a hold rating to a buy rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $50.00.
Shares of Community Trust Bancorp (NASDAQ:CTBI) opened at $47.60 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $843.04, a price-to-earnings ratio of 16.36 and a beta of 0.71. Community Trust Bancorp has a 12 month low of $40.33 and a 12 month high of $51.90.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Thursday, March 15th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, March 14th. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 45.36%.
In other Community Trust Bancorp news, Director Chad C. Street purchased 4,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was bought at an average cost of $48.79 per share, for a total transaction of $195,160.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at approximately $243,950. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CTBI. Wells Fargo & Company MN raised its stake in Community Trust Bancorp by 0.7% in the second quarter. Wells Fargo & Company MN now owns 14,414 shares of the financial services provider’s stock valued at $630,000 after buying an additional 100 shares during the last quarter. State Street Corp raised its stake in Community Trust Bancorp by 4.0% in the second quarter. State Street Corp now owns 298,264 shares of the financial services provider’s stock valued at $13,047,000 after buying an additional 11,508 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Community Trust Bancorp by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 11,987 shares of the financial services provider’s stock valued at $524,000 after buying an additional 163 shares during the last quarter. Prudential Financial Inc. raised its stake in Community Trust Bancorp by 1.6% in the third quarter. Prudential Financial Inc. now owns 127,729 shares of the financial services provider’s stock valued at $5,939,000 after buying an additional 2,070 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in Community Trust Bancorp by 215.4% in the third quarter. New York State Common Retirement Fund now owns 53,300 shares of the financial services provider’s stock valued at $2,478,000 after buying an additional 36,400 shares during the last quarter. Institutional investors own 58.81% of the company’s stock.
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Community Trust Bancorp Company Profile
Community Trust Bancorp, Inc is a bank holding company. The Company holds interests in a commercial bank, Community Trust Bank, Inc (the Bank), and a trust company, Community Trust and Investment Company. Through its subsidiaries, the Company engages in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes, and providing funds transfer services.
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