BidaskClub upgraded shares of Community Trust Bancorp (NASDAQ:CTBI) from a strong sell rating to a sell rating in a report released on Friday morning.
Separately, ValuEngine upgraded Community Trust Bancorp from a hold rating to a buy rating in a research note on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $50.00.
Community Trust Bancorp (NASDAQ CTBI) opened at $47.60 on Friday. Community Trust Bancorp has a 12 month low of $40.33 and a 12 month high of $51.90. The stock has a market capitalization of $843.04, a PE ratio of 16.36 and a beta of 0.71. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.11.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 1st. Stockholders of record on Thursday, March 15th will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Wednesday, March 14th. Community Trust Bancorp’s payout ratio is 45.36%.
In other news, Director Chad C. Street acquired 4,000 shares of Community Trust Bancorp stock in a transaction dated Friday, December 22nd. The stock was purchased at an average cost of $48.79 per share, for a total transaction of $195,160.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at approximately $243,950. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.80% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Community Trust Bancorp during the third quarter worth about $104,000. Cambridge Investment Research Advisors Inc. acquired a new stake in Community Trust Bancorp during the third quarter worth about $211,000. Millennium Management LLC acquired a new stake in Community Trust Bancorp during the fourth quarter worth about $215,000. Teacher Retirement System of Texas acquired a new stake in Community Trust Bancorp during the fourth quarter worth about $260,000. Finally, MetLife Investment Advisors LLC acquired a new stake in Community Trust Bancorp during the fourth quarter worth about $384,000. 58.81% of the stock is currently owned by hedge funds and other institutional investors.
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Community Trust Bancorp Company Profile
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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