BidaskClub upgraded shares of Community Trust Bancorp (NASDAQ:CTBI) from a sell rating to a hold rating in a research report report published on Thursday, BidAskClub reports.

Separately, Zacks Investment Research lowered shares of Community Trust Bancorp from a hold rating to a sell rating in a research note on Wednesday, September 4th.

Community Trust Bancorp stock traded up $0.58 during midday trading on Thursday, reaching $42.90. 3,105 shares of the stock traded hands, compared to its average volume of 30,454. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.13. The firm has a fifty day moving average price of $40.22 and a two-hundred day moving average price of $41.16. The firm has a market cap of $730.29 million, a price-to-earnings ratio of 12.81 and a beta of 0.68. Community Trust Bancorp has a fifty-two week low of $35.70 and a fifty-two week high of $47.60.

Community Trust Bancorp (NASDAQ:CTBI) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.18. The firm had revenue of $48.28 million during the quarter, compared to analyst estimates of $48.98 million. Community Trust Bancorp had a net margin of 28.19% and a return on equity of 11.38%. Analysts anticipate that Community Trust Bancorp will post 3.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th will be paid a $0.38 dividend. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.36. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date is Thursday, September 12th. Community Trust Bancorp’s dividend payout ratio is currently 42.99%.

In related news, Director Franky Minnifield purchased 1,000 shares of Community Trust Bancorp stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of $39.33 per share, with a total value of $39,330.00. Following the purchase, the director now owns 4,940 shares in the company, valued at approximately $194,290.20. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 4.90% of the company’s stock.

Several large investors have recently modified their holdings of CTBI. Bank of America Corp DE lifted its stake in shares of Community Trust Bancorp by 29.2% in the 4th quarter. Bank of America Corp DE now owns 13,566 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 3,063 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Community Trust Bancorp by 241.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,236 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 2,288 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Community Trust Bancorp in the 1st quarter worth approximately $169,000. Systematic Financial Management LP lifted its stake in shares of Community Trust Bancorp by 8.8% in the 1st quarter. Systematic Financial Management LP now owns 20,445 shares of the financial services provider’s stock worth $839,000 after acquiring an additional 1,645 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Community Trust Bancorp by 12.0% in the 1st quarter. Raymond James & Associates now owns 64,196 shares of the financial services provider’s stock worth $2,636,000 after acquiring an additional 6,870 shares during the period. 57.38% of the stock is owned by institutional investors.

About Community Trust Bancorp

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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