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.
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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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