Brokerages Anticipate Community Trust Bancorp, Inc. (CTBI) to Announce $0.73 Earnings Per Share
Community Trust Bancorp, Inc. (NASDAQ:CTBI) has received an average broker rating score of 3.00 (Hold) from the four brokers that cover the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold rating.
Brokerages have set a 12-month consensus target price of $44.50 for the company and are forecasting that the company will post $0.73 EPS for the current quarter, according to Zacks. Zacks has also assigned Community Trust Bancorp an industry rank of 216 out of 265 based on the ratings given to its competitors.
Several equities analysts recently commented on the company. Zacks Investment Research raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. BidaskClub lowered Community Trust Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th.
Community Trust Bancorp (NASDAQ CTBI) remained flat at $$47.15 during midday trading on Friday. 34,941 shares of the stock traded hands, compared to its average volume of 36,199. The firm has a market capitalization of $834.21, a price-to-earnings ratio of 17.21 and a beta of 0.68. Community Trust Bancorp has a 12-month low of $40.33 and a 12-month high of $51.35. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.21.
Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. The business had revenue of $47.17 million for the quarter, compared to analyst estimates of $48.17 million. Community Trust Bancorp had a return on equity of 9.47% and a net margin of 24.15%. research analysts forecast that Community Trust Bancorp will post 2.81 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 15th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.32 annualized dividend and a yield of 2.80%. Community Trust Bancorp’s dividend payout ratio is presently 48.18%.
In other Community Trust Bancorp news, Chairman Jean R. Hale sold 6,875 shares of Community Trust Bancorp stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $50.60, for a total transaction of $347,875.00. Following the sale, the chairman now directly owns 126,397 shares in the company, valued at approximately $6,395,688.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Franky Minnifield sold 4,183 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $50.26, for a total value of $210,237.58. Following the completion of the sale, the director now owns 5,075 shares of the company’s stock, valued at $255,069.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,599 shares of company stock worth $584,862 over the last 90 days. 4.80% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Community Trust Bancorp in the 3rd quarter valued at approximately $104,000. BNP Paribas Arbitrage SA increased its holdings in shares of Community Trust Bancorp by 350.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,555 shares of the financial services provider’s stock valued at $112,000 after acquiring an additional 1,988 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Community Trust Bancorp by 4.3% in the 2nd quarter. Legal & General Group Plc now owns 3,793 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 156 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Community Trust Bancorp by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,527 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 679 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Community Trust Bancorp in the 3rd quarter valued at approximately $211,000. Institutional investors and hedge funds own 56.73% of the company’s stock.
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About Community Trust Bancorp
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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