Analysts Expect Community Trust Bancorp, Inc. (CTBI) to Post $0.76 Earnings Per Share
Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) have been assigned an average broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold rating.
Brokers have set a 12-month consensus target price of $44.50 for the company and are predicting that the company will post $0.76 EPS for the current quarter, according to Zacks. Zacks has also given Community Trust Bancorp an industry rank of 6 out of 265 based on the ratings given to related companies.
A number of equities analysts have weighed in on CTBI shares. Zacks Investment Research raised shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. BidaskClub downgraded shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th.
Community Trust Bancorp (NASDAQ:CTBI) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. Community Trust Bancorp had a net margin of 24.15% and a return on equity of 9.47%. The company had revenue of $47.17 million during the quarter, compared to the consensus estimate of $48.17 million. research analysts expect that Community Trust Bancorp will post 2.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Friday, December 15th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date was Thursday, December 14th. Community Trust Bancorp’s dividend payout ratio (DPR) is 48.00%.
In related news, Chairman Jean R. Hale sold 6,875 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $50.60, for a total transaction of $347,875.00. Following the completion of the sale, the chairman now directly owns 126,397 shares of the company’s stock, valued at $6,395,688.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Franky Minnifield sold 4,183 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $50.26, for a total transaction of $210,237.58. Following the sale, the director now directly owns 5,075 shares of the company’s stock, valued at $255,069.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,774 shares of company stock valued at $593,927. 4.80% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN raised its stake in shares of Community Trust Bancorp by 0.7% during the second quarter. Wells Fargo & Company MN now owns 14,414 shares of the financial services provider’s stock worth $630,000 after buying an additional 100 shares during the last quarter. Legal & General Group Plc raised 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 worth $166,000 after buying an additional 156 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Community Trust Bancorp by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 11,987 shares of the financial services provider’s stock worth $524,000 after buying an additional 163 shares during the last quarter. Voya Investment Management LLC grew its holdings in 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 purchasing an additional 637 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Community Trust Bancorp by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,527 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 679 shares during the period. 56.08% of the stock is owned by institutional investors and hedge funds.
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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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