Community Trust Bancorp, Inc. (CTBI) Given $44.50 Consensus Target Price by Brokerages

Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) have earned an average broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold rating.

Analysts have set a twelve-month consensus price target of $44.50 for the company and are anticipating that the company will post $0.79 earnings per share for the current quarter, according to Zacks. Zacks has also given Community Trust Bancorp an industry rank of 5 out of 265 based on the ratings given to its competitors.

CTBI has been the subject of a number of research analyst reports. BidaskClub downgraded Community Trust Bancorp from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Zacks Investment Research upgraded Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th.

Community Trust Bancorp (NASDAQ:CTBI) traded up $0.45 on Friday, reaching $45.60. 6,936 shares of the company’s stock were exchanged, compared to its average volume of 30,503. Community Trust Bancorp has a 12 month low of $40.33 and a 12 month high of $51.90. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.21. The stock has a market cap of $797.95, a price-to-earnings ratio of 15.64 and a beta of 0.65.

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 9.59% and a net margin of 25.22%. The business had revenue of $47.52 million for the quarter, compared to analysts’ expectations of $48.00 million. equities research analysts anticipate that Community Trust Bancorp will post 3.26 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Wednesday, March 14th. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 45.36%.

In related news, Director Chad C. Street purchased 4,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The stock was acquired at an average price of $48.79 per share, for a total transaction of $195,160.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $243,950. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 4.80% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Community Trust Bancorp in the third quarter valued at $104,000. Legal & General Group Plc boosted its stake in shares of Community Trust Bancorp by 4.3% during the second quarter. Legal & General Group Plc now owns 3,793 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 156 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Community Trust Bancorp during the third quarter valued at $211,000. Teacher Retirement System of Texas acquired a new stake in shares of Community Trust Bancorp during the fourth quarter valued at $260,000. Finally, Voya Investment Management LLC boosted its stake in shares of Community Trust Bancorp by 6.0% during the second quarter. Voya Investment Management LLC now owns 11,230 shares of the financial services provider’s stock valued at $491,000 after acquiring an additional 637 shares during the last quarter. Institutional investors and hedge funds own 55.80% of the company’s stock.

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About Community Trust Bancorp

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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