Community Trust Bancorp, Inc. (NASDAQ:CTBI) hit a new 52-week low on Thursday . The stock traded as low as $41.70 and last traded at $42.60, with a volume of 771 shares. The stock had previously closed at $42.47.

CTBI has been the topic of several recent research reports. BidaskClub raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, August 16th. Zacks Investment Research raised Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Tuesday, September 18th. Finally, ValuEngine cut Community Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd.

The company has a market capitalization of $755.59 million, a P/E ratio of 15.43 and a beta of 0.47. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11.

Community Trust Bancorp (NASDAQ:CTBI) last released its earnings results on Wednesday, October 17th. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.07. Community Trust Bancorp had a return on equity of 10.95% and a net margin of 26.68%. The firm had revenue of $48.80 million for the quarter, compared to analysts’ expectations of $48.50 million. As a group, analysts anticipate that Community Trust Bancorp, Inc. will post 3.49 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Saturday, December 15th will be paid a $0.36 dividend. The ex-dividend date is Thursday, December 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.33%. Community Trust Bancorp’s dividend payout ratio is currently 51.43%.

In related news, Director Franky Minnifield bought 2,275 shares of the business’s stock in a transaction dated Wednesday, October 17th. The shares were purchased at an average cost of $44.64 per share, with a total value of $101,556.00. Following the completion of the purchase, the director now owns 1,007 shares in the company, valued at approximately $44,952.48. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 4.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Community Trust Bancorp by 2.6% in the third quarter. Vanguard Group Inc. now owns 923,497 shares of the financial services provider’s stock worth $42,804,000 after acquiring an additional 23,057 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Community Trust Bancorp by 9.6% in the third quarter. AQR Capital Management LLC now owns 97,632 shares of the financial services provider’s stock worth $4,525,000 after acquiring an additional 8,570 shares during the last quarter. IndexIQ Advisors LLC grew its stake in shares of Community Trust Bancorp by 3.9% in the third quarter. IndexIQ Advisors LLC now owns 50,293 shares of the financial services provider’s stock worth $2,331,000 after acquiring an additional 1,900 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Community Trust Bancorp by 2.5% in the third quarter. Thrivent Financial for Lutherans now owns 176,191 shares of the financial services provider’s stock worth $8,167,000 after acquiring an additional 4,316 shares during the last quarter. Finally, MetLife Investment Advisors LLC grew its stake in shares of Community Trust Bancorp by 34.6% in the third quarter. MetLife Investment Advisors LLC now owns 10,983 shares of the financial services provider’s stock worth $509,000 after acquiring an additional 2,821 shares during the last quarter. 58.40% of the stock is currently owned by hedge funds and other institutional investors.

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About Community Trust Bancorp (NASDAQ:CTBI)

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, individual retirement, NOW, and money market accounts.

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