Brokerages Expect Community Trust Bancorp, Inc. (CTBI) to Announce $0.86 EPS

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Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) have received a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Zacks has also assigned Community Trust Bancorp an industry rank of 184 out of 257 based on the ratings given to its competitors.

A number of research firms recently commented on CTBI. BidaskClub lowered Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 30th. Zacks Investment Research raised Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Tuesday, September 18th. Finally, ValuEngine raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th.

NASDAQ CTBI traded up $0.30 on Friday, reaching $46.05. The company had a trading volume of 29,846 shares, compared to its average volume of 29,287. The firm has a market capitalization of $794.77 million, a P/E ratio of 16.45 and a beta of 0.49. Community Trust Bancorp has a 52-week low of $42.40 and a 52-week high of $53.00. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.07. The business had revenue of $48.80 million during the quarter, compared to analyst estimates of $48.50 million. Community Trust Bancorp had a return on equity of 10.95% and a net margin of 26.68%. As a group, sell-side analysts predict that Community Trust Bancorp will post 3.49 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 1st. Investors of record on Saturday, December 15th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, December 13th. Community Trust Bancorp’s payout ratio is currently 51.43%.

In related news, Director Charles J. Baird sold 2,000 shares of the stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $50.47, for a total value of $100,940.00. Following the completion of the sale, the director now directly owns 7,700 shares of the company’s stock, valued at approximately $388,619. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Franky Minnifield acquired 2,275 shares of Community Trust Bancorp stock in a transaction on Wednesday, October 17th. The stock was acquired at an average price of $44.64 per share, with a total value of $101,556.00. Following the purchase, the director now directly owns 1,007 shares in the company, valued at $44,952.48. The disclosure for this purchase can be found here. Insiders sold a total of 6,859 shares of company stock valued at $342,556 over the last three months. 4.80% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the business. Community Trust & Investment Co. grew its stake in Community Trust Bancorp by 0.4% in the 3rd quarter. Community Trust & Investment Co. now owns 1,743,314 shares of the financial services provider’s stock valued at $80,802,000 after purchasing an additional 7,603 shares during the period. BlackRock Inc. grew its stake in Community Trust Bancorp by 1.3% in the 3rd quarter. BlackRock Inc. now owns 1,202,108 shares of the financial services provider’s stock valued at $55,719,000 after purchasing an additional 15,644 shares during the period. Dimensional Fund Advisors LP grew its stake in Community Trust Bancorp by 5.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,166,878 shares of the financial services provider’s stock valued at $54,084,000 after purchasing an additional 55,778 shares during the period. Dalton Greiner Hartman Maher & Co. grew its stake in Community Trust Bancorp by 5.7% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 591,538 shares of the financial services provider’s stock valued at $27,418,000 after purchasing an additional 31,832 shares during the period. Finally, Northern Trust Corp grew its stake in Community Trust Bancorp by 1.1% in the 2nd quarter. Northern Trust Corp now owns 569,663 shares of the financial services provider’s stock valued at $28,456,000 after purchasing an additional 6,099 shares during the period. Hedge funds and other institutional investors own 58.27% of the company’s stock.

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.

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