Favorable Media Coverage Somewhat Unlikely to Affect Community Trust Bancorp (CTBI) Share Price
Media stories about Community Trust Bancorp (NASDAQ:CTBI) have been trending positive on Saturday, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Community Trust Bancorp earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.0755053393864 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of brokerages have weighed in 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, September 21st. BidaskClub cut shares of Community Trust Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, ValuEngine upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $46.00.
Community Trust Bancorp (NASDAQ:CTBI) opened at 46.50 on Friday. Community Trust Bancorp has a 52-week low of $35.85 and a 52-week high of $51.35. The company has a market capitalization of $819.56 million, a P/E ratio of 17.42 and a beta of 0.69. The firm has a 50-day moving average of $42.29 and a 200 day moving average of $43.61.
Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.65 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.03). The business had revenue of $46.55 million during the quarter, compared to analysts’ expectations of $46.70 million. Community Trust Bancorp had a net margin of 23.68% and a return on equity of 9.29%. Equities analysts predict that Community Trust Bancorp will post $2.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a yield of 2.84%. Community Trust Bancorp’s dividend payout ratio is 49.62%.
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Community Trust Bancorp Company Profile
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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