Brokerages Anticipate Community Trust Bancorp, Inc. (NASDAQ:CTBI) to Post $0.84 Earnings Per Share

Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) have received an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.

Zacks has also assigned Community Trust Bancorp an industry rank of 200 out of 256 based on the ratings given to related companies.

Several equities research analysts have commented on CTBI shares. BidaskClub cut Zynga from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Zacks Investment Research cut Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday.

NASDAQ CTBI traded down $0.32 during trading on Monday, hitting $40.73. The stock had a trading volume of 30,518 shares, compared to its average volume of 26,689. The firm has a market cap of $729.57 million, a P/E ratio of 12.16 and a beta of 0.64. The company has a 50-day moving average price of $41.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.95 and a quick ratio of 0.94. Community Trust Bancorp has a 12 month low of $35.70 and a 12 month high of $51.20.

Community Trust Bancorp (NASDAQ:CTBI) last released its earnings results on Wednesday, July 17th. The financial services provider reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.18. The firm had revenue of $48.28 million for the quarter, compared to analysts’ expectations of $48.98 million. Community Trust Bancorp had a return on equity of 11.54% and a net margin of 28.19%. Sell-side analysts expect that Community Trust Bancorp will post 3.48 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Saturday, June 15th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Thursday, June 13th. Community Trust Bancorp’s dividend payout ratio (DPR) is 42.99%.

Several large investors have recently bought and sold shares of the business. Bessemer Group Inc. grew its stake in Community Trust Bancorp by 2.6% during the second quarter. Bessemer Group Inc. now owns 43,600 shares of the financial services provider’s stock worth $1,844,000 after purchasing an additional 1,100 shares during the period. Community Trust & Investment Co. boosted its holdings in Community Trust Bancorp by 0.8% in the second quarter. Community Trust & Investment Co. now owns 1,752,526 shares of the financial services provider’s stock worth $74,114,000 after acquiring an additional 13,725 shares in the last quarter. HMS Capital Management LLC bought a new position in Community Trust Bancorp in the second quarter worth approximately $48,000. WINTON GROUP Ltd bought a new position in Community Trust Bancorp in the second quarter worth approximately $293,000. Finally, FMR LLC boosted its holdings in Community Trust Bancorp by 68.9% in the first quarter. FMR LLC now owns 192,176 shares of the financial services provider’s stock worth $7,891,000 after acquiring an additional 78,400 shares in the last quarter. 57.95% 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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