Analysts Expect Community Trust Bancorp Inc. (CTBI) to Announce $0.69 Earnings Per Share
Shares of Community Trust Bancorp Inc. (NASDAQ:CTBI) have earned a consensus broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four analysts have rated the stock with a hold rating.
Brokers have set a 1-year consensus price objective of $37.00 for the company and are predicting that the company will post $0.69 earnings per share for the current quarter, according to Zacks. Zacks has also given Community Trust Bancorp an industry rank of 151 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 10th.
In other news, Chairman Jean R. Hale sold 12,427 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $36.95, for a total transaction of $459,177.65. Following the transaction, the chairman now directly owns 124,926 shares of the company’s stock, valued at $4,616,015.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin J. Stumbo sold 1,487 shares of the company’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $36.45, for a total value of $54,201.15. Following the transaction, the chief financial officer now directly owns 917 shares in the company, valued at $33,424.65. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of Community Trust Bancorp by 8.3% in the second quarter. Teacher Retirement System of Texas now owns 3,539 shares of the financial services provider’s stock worth $123,000 after buying an additional 271 shares during the last quarter. BlackRock Inc. raised its position in shares of Community Trust Bancorp by 195.5% in the second quarter. BlackRock Inc. now owns 3,989 shares of the financial services provider’s stock worth $138,000 after buying an additional 2,639 shares during the last quarter. Huntington Asset Advisors Inc. purchased a new position in shares of Community Trust Bancorp during the first quarter worth $155,000. Advisor Group Inc. purchased a new position in shares of Community Trust Bancorp during the second quarter worth $202,000. Finally, BlackRock Advisors LLC raised its position in shares of Community Trust Bancorp by 1.5% in the second quarter. BlackRock Advisors LLC now owns 7,757 shares of the financial services provider’s stock worth $269,000 after buying an additional 115 shares during the last quarter. 53.26% of the stock is currently owned by institutional investors.
Community Trust Bancorp (NASDAQ:CTBI) remained flat at $36.57 during mid-day trading on Tuesday. The stock had a trading volume of 5,121 shares. The company’s 50 day moving average price is $36.74 and its 200 day moving average price is $35.78. The stock has a market capitalization of $641.07 million, a PE ratio of 13.85 and a beta of 0.78. Community Trust Bancorp has a 52 week low of $30.89 and a 52 week high of $37.49.
The company also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.50%. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Tuesday, September 13th. Community Trust Bancorp’s dividend payout ratio is presently 48.49%.
Community Trust Bancorp Company Profile
Community Trust Bancorp, Inc (CTBI) is a bank holding company. The Company operates in the community banking services segment. The Company owns a commercial bank and a trust company, serving small and mid-sized communities in eastern, northeastern, central and south central Kentucky; southern West Virginia, and northeastern Tennessee.
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