Zacks: Community Trust Bancorp, Inc. (CTBI) Given $44.50 Average Target Price by Analysts
Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) have earned an average broker rating score of 3.00 (Hold) from the four brokers that provide coverage for the stock, Zacks Investment Research reports. Four research analysts have rated the stock with a hold rating.
Brokers have set a twelve-month consensus price objective of $44.50 for the company and are forecasting that the company will post $0.79 EPS for the current quarter, according to Zacks. Zacks has also assigned Community Trust Bancorp an industry rank of 99 out of 265 based on the ratings given to related companies.
Separately, BidaskClub lowered Community Trust Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 27th.
Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, January 17th. The financial services provider reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.02). Community Trust Bancorp had a net margin of 25.22% and a return on equity of 9.59%. The company had revenue of $47.52 million for the quarter, compared to the consensus estimate of $48.00 million. equities research analysts predict that Community Trust Bancorp will post 3.3 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Thursday, March 15th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, March 14th. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 45.36%.
In related news, Director Chad C. Street acquired 4,000 shares of Community Trust Bancorp stock in a transaction that occurred on Friday, December 22nd. The stock was bought at an average price of $48.79 per share, with a total value of $195,160.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $243,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.80% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Community Trust Bancorp in the 3rd quarter worth $104,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Community Trust Bancorp in the 3rd quarter worth $211,000. Millennium Management LLC bought a new stake in shares of Community Trust Bancorp in the 4th quarter worth $215,000. Teacher Retirement System of Texas bought a new stake in shares of Community Trust Bancorp in the 4th quarter worth $260,000. Finally, MetLife Investment Advisors LLC bought a new stake in shares of Community Trust Bancorp in the 4th quarter worth $384,000. 55.49% of the stock is owned by institutional investors.
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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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