Community Trust Bancorp, Inc. (NASDAQ:CTBI) hit a new 52-week low on Thursday . The company traded as low as $41.70 and last traded at $42.60, with a volume of 771 shares changing hands. The stock had previously closed at $42.47.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a report on Monday, October 22nd. BidaskClub raised shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, October 19th. Finally, ValuEngine downgraded shares of Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, October 15th.

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. The stock has a market cap of $753.10 million, a P/E ratio of 15.22 and a beta of 0.47.

Community Trust Bancorp (NASDAQ:CTBI) last posted its 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 for the quarter, compared to the consensus estimate of $48.50 million. Community Trust Bancorp had a net margin of 26.68% and a return on equity of 10.95%. Analysts anticipate that Community Trust Bancorp, Inc. will post 3.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Shareholders of record on Saturday, December 15th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, December 13th. Community Trust Bancorp’s dividend payout ratio (DPR) is 51.43%.

In other Community Trust Bancorp news, Director Franky Minnifield bought 2,275 shares of the business’s stock in a transaction on Wednesday, October 17th. The shares were acquired at an average price of $44.64 per share, with a total value of $101,556.00. Following the transaction, the director now owns 1,007 shares of the company’s stock, valued at approximately $44,952.48. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Macquarie Group Ltd. purchased a new position in Community Trust Bancorp during the 2nd quarter valued at about $120,000. Stone Ridge Asset Management LLC grew its position in shares of Community Trust Bancorp by 16.6% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 7,721 shares of the financial services provider’s stock worth $358,000 after buying an additional 1,100 shares during the last quarter. MetLife Investment Advisors LLC grew its position in shares of Community Trust Bancorp by 34.6% in the 3rd quarter. MetLife Investment Advisors LLC now owns 10,983 shares of the financial services provider’s stock worth $509,000 after buying an additional 2,821 shares during the last quarter. WBI Investments Inc. purchased a new position in shares of Community Trust Bancorp in the 2nd quarter worth approximately $722,000. Finally, Bessemer Group Inc. grew its position in shares of Community Trust Bancorp by 13.5% in the 3rd quarter. Bessemer Group Inc. now owns 19,400 shares of the financial services provider’s stock worth $899,000 after buying an additional 2,300 shares during the last quarter. 58.40% of the stock is currently owned by institutional investors and hedge funds.

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Community Trust Bancorp Company Profile (NASDAQ:CTBI)

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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