Community Trust Bancorp (CTBI) Downgraded by ValuEngine

ValuEngine downgraded shares of Community Trust Bancorp (NASDAQ:CTBI) from a buy rating to a hold rating in a research note released on Monday morning.

CTBI has been the topic of a number of other research reports. BidaskClub raised Community Trust Bancorp from a strong sell rating to a sell rating in a research report on Friday, March 9th. Zacks Investment Research raised Community Trust Bancorp from a hold rating to a buy rating and set a $51.00 price objective on the stock in a research report on Thursday, March 29th.

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Shares of CTBI traded down $0.35 during midday trading on Monday, reaching $45.55. 9,176 shares of the stock were exchanged, compared to its average volume of 47,582. Community Trust Bancorp has a 52 week low of $40.33 and a 52 week high of $51.90. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $805.84, a price-to-earnings ratio of 16.31 and a beta of 0.67.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). Community Trust Bancorp had a return on equity of 9.52% and a net margin of 25.22%. The firm had revenue of $47.52 million for the quarter, compared to the consensus estimate of $48.00 million. equities research analysts predict that Community Trust Bancorp will post 3.3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 1st. Investors of record on Thursday, March 15th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend was Wednesday, March 14th. Community Trust Bancorp’s payout ratio is currently 47.14%.

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its position in Community Trust Bancorp by 1.3% during the fourth quarter. BlackRock Inc. now owns 1,134,307 shares of the financial services provider’s stock valued at $53,425,000 after purchasing an additional 14,903 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Community Trust Bancorp by 2.7% during the third quarter. Dimensional Fund Advisors LP now owns 978,098 shares of the financial services provider’s stock valued at $45,482,000 after purchasing an additional 25,343 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in Community Trust Bancorp by 4.6% during the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 505,257 shares of the financial services provider’s stock valued at $23,798,000 after purchasing an additional 22,070 shares in the last quarter. Thrivent Financial For Lutherans bought a new stake in Community Trust Bancorp during the fourth quarter valued at about $4,835,000. Finally, Maltese Capital Management LLC boosted its position in Community Trust Bancorp by 3.4% during the third quarter. Maltese Capital Management LLC now owns 92,650 shares of the financial services provider’s stock valued at $4,308,000 after purchasing an additional 3,050 shares in the last quarter. 58.75% of the stock is currently owned by institutional investors.

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Community Trust Bancorp Company Profile

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, individual retirement, NOW, and money market accounts.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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