Community Trust Bancorp (NASDAQ:CTBI) Sets New 1-Year High – What’s Next?

Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) reached a new 52-week high on Monday . The company traded as high as $61.67 and last traded at $60.75, with a volume of 12546 shares trading hands. The stock had previously closed at $59.68.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CTBI shares. Piper Sandler reaffirmed an “overweight” rating and set a $64.00 price objective on shares of Community Trust Bancorp in a research report on Friday, November 8th. Raymond James raised Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a report on Friday, October 18th.

Community Trust Bancorp Trading Down 0.5 %

The stock has a fifty day moving average of $52.86 and a 200 day moving average of $48.10. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $1.06 billion, a PE ratio of 13.46 and a beta of 0.63.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.08. Community Trust Bancorp had a return on equity of 10.93% and a net margin of 21.64%. The business had revenue of $95.38 million for the quarter, compared to the consensus estimate of $62.00 million. As a group, sell-side analysts predict that Community Trust Bancorp, Inc. will post 4.56 earnings per share for the current fiscal year.

Community Trust Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Sunday, December 15th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Friday, December 13th. Community Trust Bancorp’s payout ratio is 42.73%.

Institutional Trading of Community Trust Bancorp

A number of large investors have recently added to or reduced their stakes in CTBI. Innealta Capital LLC bought a new position in shares of Community Trust Bancorp during the 2nd quarter valued at approximately $37,000. Quantbot Technologies LP bought a new position in shares of Community Trust Bancorp during the 3rd quarter valued at approximately $63,000. Coastline Trust Co bought a new position in shares of Community Trust Bancorp during the 3rd quarter valued at approximately $79,000. CWM LLC increased its position in shares of Community Trust Bancorp by 1,932.0% during the 2nd quarter. CWM LLC now owns 2,601 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 2,473 shares during the last quarter. Finally, EMC Capital Management bought a new position in shares of Community Trust Bancorp during the 1st quarter valued at approximately $119,000. Institutional investors own 60.20% of the company’s stock.

About Community Trust Bancorp

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that engages in the provision of commercial and personal banking, and trust and wealth management services to small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, as well as southern West Virginia, and northeastern Tennessee.