Community Trust Bancorp, Inc. (NASDAQ:CTBI) has been assigned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.
Zacks has also assigned Community Trust Bancorp an industry rank of 156 out of 256 based on the ratings given to related companies.
Several analysts have recently weighed in on the company. BidaskClub upgraded Community Trust Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. Zacks Investment Research cut Community Trust Bancorp from a “buy” rating to a “hold” rating in a report on Friday, July 26th.
Shares of Community Trust Bancorp stock traded down $0.09 during trading on Tuesday, hitting $41.15. The stock had a trading volume of 37,699 shares, compared to its average volume of 27,135. The stock’s 50 day simple moving average is $41.44. Community Trust Bancorp has a 1 year low of $35.70 and a 1 year high of $51.20. The stock has a market cap of $732.95 million, a P/E ratio of 12.28 and a beta of 0.65. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.13.
Community Trust Bancorp (NASDAQ:CTBI) last released its earnings results on Wednesday, July 17th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.18. Community Trust Bancorp had a return on equity of 11.54% and a net margin of 28.19%. The firm had revenue of $48.28 million for the quarter, compared to analysts’ expectations of $48.98 million. On average, sell-side analysts predict that Community Trust Bancorp will post 3.51 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be paid a $0.38 dividend. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Thursday, September 12th. Community Trust Bancorp’s payout ratio is currently 42.99%.
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, regular, individual retirement, NOW, and money market accounts.
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