Community Trust Bancorp (CTBI) Receiving Somewhat Favorable Media Coverage, Analysis Shows
News articles about Community Trust Bancorp (NASDAQ:CTBI) have trended somewhat positive on Friday, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Community Trust Bancorp earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 45.7905715517376 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Head to Head Comparison: Community Trust Bancorp (CTBI) versus The Competition (americanbankingnews.com)
- Community Trust Bancorp, Inc. (CTBI) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Community Trust Bancorp (CTBI) Scheduled to Post Quarterly Earnings on Tuesday (americanbankingnews.com)
- Community Trust Bancorp (CTBI) Rating Lowered to Sell at BidaskClub (americanbankingnews.com)
Shares of Community Trust Bancorp (NASDAQ CTBI) opened at $50.05 on Friday. Community Trust Bancorp has a fifty-two week low of $40.33 and a fifty-two week high of $51.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $846.60, a P/E ratio of 18.20 and a beta of 0.68.
Community Trust Bancorp (NASDAQ:CTBI) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $48.17 million. analysts expect that Community Trust Bancorp will post 2.81 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Friday, December 15th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.64%. The ex-dividend date was Thursday, December 14th. Community Trust Bancorp’s dividend payout ratio is currently 48.00%.
Several equities research analysts recently weighed in on CTBI shares. BidaskClub downgraded shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research raised shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Community Trust Bancorp has an average rating of “Hold” and an average target price of $50.00.
In related news, Chairman Jean R. Hale sold 6,875 shares of the firm’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 value of $347,875.00. Following the sale, the chairman now owns 126,397 shares in the company, valued at $6,395,688.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Franky Minnifield sold 4,183 shares of the firm’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 completion of the sale, the director now owns 5,075 shares in the company, valued at approximately $255,069.50. The disclosure for this sale can be found here. Insiders sold 11,774 shares of company stock worth $593,927 in the last 90 days. 4.80% of the stock is currently owned by corporate insiders.
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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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