BidaskClub upgraded shares of Community Trust Bancorp (NASDAQ:CTBI) from a sell rating to a hold rating in a research report report published on Thursday morning, BidAskClub reports.

Separately, Zacks Investment Research lowered shares of Community Trust Bancorp from a hold rating to a sell rating in a report on Wednesday, September 4th.

Shares of NASDAQ:CTBI traded up $0.58 during midday trading on Thursday, hitting $42.90. 3,105 shares of the company’s stock traded hands, compared to its average volume of 30,454. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $730.29 million, a PE ratio of 12.81 and a beta of 0.68. The firm’s fifty day moving average price is $40.22 and its two-hundred day moving average price is $41.16. Community Trust Bancorp has a twelve month low of $35.70 and a twelve month high of $47.60.

Community Trust Bancorp (NASDAQ:CTBI) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.18. The business had revenue of $48.28 million for the quarter, compared to analyst estimates of $48.98 million. Community Trust Bancorp had a net margin of 28.19% and a return on equity of 11.38%. As a group, equities research analysts anticipate that Community Trust Bancorp will post 3.43 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be paid a dividend of $0.38 per share. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.36. The ex-dividend date is Thursday, September 12th. This represents a $1.52 annualized dividend and a yield of 3.54%. Community Trust Bancorp’s payout ratio is 42.99%.

In other news, Director Franky Minnifield purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average price of $39.33 per share, with a total value of $39,330.00. Following the purchase, the director now directly owns 4,940 shares of the company’s stock, valued at approximately $194,290.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.90% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in CTBI. Hillsdale Investment Management Inc. purchased a new stake in Community Trust Bancorp during the 2nd quarter worth $42,000. HMS Capital Management LLC purchased a new stake in Community Trust Bancorp during the 2nd quarter worth $48,000. BNP Paribas Arbitrage SA increased its stake in Community Trust Bancorp by 241.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,236 shares of the financial services provider’s stock worth $133,000 after buying an additional 2,288 shares during the period. SG Americas Securities LLC purchased a new stake in Community Trust Bancorp during the 1st quarter worth $169,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Community Trust Bancorp in the 2nd quarter worth about $231,000. 57.38% of the stock is currently owned by hedge funds and other institutional investors.

Community Trust Bancorp Company Profile

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, regular, individual retirement, NOW, and money market accounts.

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