Community Trust Bancorp (CTBI) Sets New 12-Month Low at $41.70

Shares of 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 trading hands. The stock had previously closed at $42.47.

Several analysts have weighed in on CTBI shares. BidaskClub downgraded Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research upgraded Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Tuesday, September 18th. Finally, ValuEngine downgraded Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The stock has a market cap of $755.59 million, a price-to-earnings ratio of 15.43 and a beta of 0.47.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $0.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $48.50 million. As a group, equities analysts expect that Community Trust Bancorp, Inc. will post 3.49 earnings per share for the current fiscal year.

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

In related news, Director Franky Minnifield acquired 2,275 shares of the stock in a transaction on Wednesday, October 17th. The stock was purchased at an average price of $44.64 per share, for a total transaction of $101,556.00. Following the completion of the transaction, the director now owns 1,007 shares of the company’s stock, valued at approximately $44,952.48. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in CTBI. Dimensional Fund Advisors LP raised its holdings in shares of Community Trust Bancorp by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,166,878 shares of the financial services provider’s stock valued at $54,084,000 after acquiring an additional 55,778 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Community Trust Bancorp by 4.3% during the second quarter. BlackRock Inc. now owns 1,186,464 shares of the financial services provider’s stock valued at $59,265,000 after acquiring an additional 49,447 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Community Trust Bancorp by 22.7% during the third quarter. Renaissance Technologies LLC now owns 253,177 shares of the financial services provider’s stock valued at $11,735,000 after acquiring an additional 46,777 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Community Trust Bancorp during the third quarter valued at approximately $2,099,000. Finally, Dalton Greiner Hartman Maher & Co. raised its holdings in shares of Community Trust Bancorp by 5.7% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 591,538 shares of the financial services provider’s stock valued at $27,418,000 after acquiring an additional 31,832 shares in the last quarter. Institutional investors own 58.40% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by XNewsPress and is the sole property of of XNewsPress. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://xnewspress.com/news/2018/12/08/community-trust-bancorp-ctbi-sets-new-12-month-low-at-41-70.html.

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.

Featured Article: What is Liquidity?

Receive News & Ratings for Community Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply