Analysts Anticipate Community Trust Bancorp (CTBI) to Announce $0.79 Earnings Per Share

Shares of Community Trust Bancorp (NASDAQ:CTBI) have been assigned a consensus broker rating score of 3.00 (Hold) from the three brokers that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a hold rating.

Zacks has also assigned Community Trust Bancorp an industry rank of 122 out of 265 based on the ratings given to its competitors.

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Several equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, April 4th. ValuEngine lowered shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, BidaskClub upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, April 10th.

Institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its position in Community Trust Bancorp by 215.4% in the 3rd 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 in the last quarter. Russell Investments Group Ltd. grew its position in Community Trust Bancorp by 7.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 35,442 shares of the financial services provider’s stock valued at $1,648,000 after buying an additional 2,414 shares in the last quarter. SG Americas Securities LLC bought a new position in Community Trust Bancorp in the 3rd quarter valued at about $104,000. Wells Fargo & Company MN grew its position in Community Trust Bancorp by 42.8% in the 3rd quarter. Wells Fargo & Company MN now owns 20,587 shares of the financial services provider’s stock valued at $957,000 after buying an additional 6,173 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Community Trust Bancorp by 5.6% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 86,889 shares of the financial services provider’s stock valued at $4,041,000 after acquiring an additional 4,580 shares during the last quarter. Institutional investors and hedge funds own 58.75% of the company’s stock.

CTBI stock traded down $0.35 during trading on Thursday, hitting $46.00. 22,302 shares of the company’s stock traded hands, compared to its average volume of 46,443. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.93 and a quick ratio of 0.93. Community Trust Bancorp has a 52 week low of $40.33 and a 52 week high of $51.90. The firm has a market cap of $802.30, a price-to-earnings ratio of 16.55 and a beta of 0.67.

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

The company also recently declared a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Thursday, March 15th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.32 annualized dividend and a dividend yield of 2.87%. Community Trust Bancorp’s dividend payout ratio is currently 47.14%.

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About Community Trust Bancorp

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.

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