According to Zacks, “Community Trust Financial Services Corporation was incorporated under the laws for the purpose of becoming a bank holding company for Community Trust Bank. The Company is intended to facilitate the Bank’s ability to serve its customers’ requirements for financial services. The primary activity of the Company currently is, and is expected to remain for the foreseeable future, the ownership and operation of the Bank. “
Separately, BidaskClub lowered Zynga from a buy rating to a hold rating in a research note on Tuesday, June 18th.
Shares of NASDAQ:CTBI opened at $41.27 on Tuesday. Community Trust Bancorp has a 12-month low of $35.70 and a 12-month high of $51.40. The firm has a market cap of $733.37 million, a P/E ratio of 12.32 and a beta of 0.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.94 and a current ratio of 0.95. The firm’s fifty day moving average price is $40.96.
Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The firm had revenue of $48.15 million during the quarter, compared to analyst estimates of $48.00 million. Community Trust Bancorp had a net margin of 25.64% and a return on equity of 10.95%. Analysts expect that Community Trust Bancorp will post 3.48 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Saturday, June 15th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Thursday, June 13th. Community Trust Bancorp’s dividend payout ratio (DPR) is 42.99%.
Institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new position in Community Trust Bancorp during the fourth quarter valued at approximately $88,000. BNP Paribas Arbitrage SA increased its position in shares of Community Trust Bancorp by 241.4% in the first quarter. BNP Paribas Arbitrage SA now owns 3,236 shares of the financial services provider’s stock valued at $133,000 after buying an additional 2,288 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Community Trust Bancorp in the first quarter valued at approximately $169,000. Metropolitan Life Insurance Co. NY increased its position in shares of Community Trust Bancorp by 361.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,892 shares of the financial services provider’s stock valued at $194,000 after buying an additional 3,833 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Community Trust Bancorp by 5.1% during the fourth quarter. Legal & General Group Plc now owns 5,836 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 283 shares in the last quarter. 57.91% of the stock is owned by hedge funds and other institutional investors.
About Community Trust Bancorp
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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