Media headlines about Community Trust Bancorp (NASDAQ:CTBI) have trended positive recently, according to AlphaOne Sentiment. The research firm, a division of Accern, identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Community Trust Bancorp earned a media sentiment score of 0.36 on AlphaOne’s scale. AlphaOne also gave news articles about the financial services provider an impact score of 100 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted AlphaOne Sentiment’s scoring:
- Community Trust Bancorp, Inc. (Kentucky) : CTBI-US: Dividend Analysis : June 15th, 2017 (record date) : By the numbers : June 14, 2017 (finance.yahoo.com)
- COMMUNITY TRUST BANCORP, INC. : ex-dividend day (4-traders.com)
- Community Trust Bancorp, Inc. (Kentucky) breached its 50 day moving average in a Bullish Manner : CTBI-US : June 12, 2017 (finance.yahoo.com)
Community Trust Bancorp (NASDAQ CTBI) traded up 0.34% during trading on Friday, hitting $44.20. 80,493 shares of the company’s stock were exchanged. The company has a market cap of $778.54 million, a price-to-earnings ratio of 16.52 and a beta of 0.69. The firm has a 50 day moving average price of $43.57 and a 200 day moving average price of $45.32. Community Trust Bancorp has a 52-week low of $32.99 and a 52-week high of $51.35.
The company also recently announced a quarterly dividend, which will be paid on Saturday, July 1st. Stockholders of record on Thursday, June 15th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.90%. The ex-dividend date of this dividend is Tuesday, June 13th. Community Trust Bancorp’s dividend payout ratio is currently 47.94%.
A number of equities analysts recently commented on CTBI shares. Hilliard Lyons cut shares of Community Trust Bancorp from a “neutral” rating to an “underperform” rating and set a $44.00 target price on the stock. in a research report on Monday, February 27th. Zacks Investment Research cut shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, March 13th. Sandler O’Neill upgraded shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th. Finally, ValuEngine upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd.
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In other news, EVP Mark A. Gooch sold 5,500 shares of the stock in a transaction on Monday, April 10th. The shares were sold at an average price of $44.79, for a total value of $246,345.00. Following the sale, the executive vice president now owns 21,206 shares of the company’s stock, valued at $949,816.74. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.80% of the company’s stock.
About Community Trust Bancorp
Community Trust Bancorp, Inc is a bank holding company. The Company holds interests in a commercial bank, Community Trust Bank, Inc (the Bank), and a trust company, Community Trust and Investment Company. Through its subsidiaries, the Company engages in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes, and providing funds transfer services.
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