BidaskClub cut shares of Community Trust Bancorp (NASDAQ:CTBI) from a sell rating to a strong sell rating in a research note published on Friday.

Several other analysts also recently issued reports on CTBI. Zacks Investment Research raised shares of Community Trust Bancorp from a sell rating to a hold rating in a research note on Thursday, February 21st. ValuEngine downgraded shares of Community Trust Bancorp from a hold rating to a sell rating in a research note on Tuesday, January 15th.

NASDAQ CTBI traded down $1.97 during trading on Friday, hitting $38.26. The stock had a trading volume of 62,457 shares, compared to its average volume of 45,042. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $679.88 million, a P/E ratio of 11.42 and a beta of 0.59. Community Trust Bancorp has a one year low of $35.70 and a one year high of $53.00.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.01. The business had revenue of $48.52 million during the quarter, compared to the consensus estimate of $48.80 million. Community Trust Bancorp had a net margin of 26.51% and a return on equity of 11.31%. As a group, equities research analysts expect that Community Trust Bancorp will post 3.49 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 15th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Thursday, March 14th. Community Trust Bancorp’s dividend payout ratio is presently 42.99%.

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Community Trust Bancorp by 5.3% during the fourth quarter. Geode Capital Management LLC now owns 207,875 shares of the financial services provider’s stock valued at $8,233,000 after acquiring an additional 10,451 shares in the last quarter. Norges Bank bought a new stake in shares of Community Trust Bancorp during the fourth quarter valued at approximately $13,494,000. Legal & General Group Plc raised its stake in shares of Community Trust Bancorp by 5.1% during the fourth quarter. Legal & General Group Plc now owns 5,836 shares of the financial services provider’s stock valued at $231,000 after acquiring an additional 283 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Community Trust Bancorp by 3.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 181,516 shares of the financial services provider’s stock valued at $7,189,000 after acquiring an additional 5,325 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Community Trust Bancorp by 361.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,892 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 3,833 shares in the last quarter. 58.55% of the stock is owned by hedge funds and other institutional investors.

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, regular, individual retirement, NOW, and money market accounts.

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