Analysts Anticipate Community Trust Bancorp, Inc. (NASDAQ:CTBI) to Post $0.84 Earnings Per Share

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.

Several institutional investors have recently bought and sold shares of CTBI. Martingale Asset Management L P lifted its stake in Community Trust Bancorp by 22.3% in the first quarter. Martingale Asset Management L P now owns 89,435 shares of the financial services provider’s stock valued at $3,673,000 after buying an additional 16,300 shares during the period. Globeflex Capital L P raised its position in shares of Community Trust Bancorp by 18.3% during the first quarter. Globeflex Capital L P now owns 9,344 shares of the financial services provider’s stock worth $384,000 after purchasing an additional 1,444 shares during the period. Geode Capital Management LLC raised its position in shares of Community Trust Bancorp by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 207,875 shares of the financial services provider’s stock worth $8,233,000 after purchasing an additional 10,451 shares during the period. Norges Bank acquired a new position in shares of Community Trust Bancorp during the fourth quarter worth approximately $13,494,000. Finally, Citigroup Inc. raised its position in shares of Community Trust Bancorp by 29.3% during the fourth quarter. Citigroup Inc. now owns 5,918 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 1,342 shares during the period. 57.10% of the stock is currently owned by institutional investors.

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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