BidaskClub cut shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) from a sell rating to a strong sell rating in a report issued on Friday morning.

A number of other equities research analysts have also recently issued reports on CTBI. Hilliard Lyons upgraded Community Trust Bancorp from an underperform rating to a neutral rating and dropped their price objective for the stock from $44.00 to $43.00 in a research note on Friday, April 21st. Zacks Investment Research cut Community Trust Bancorp from a buy rating to a hold rating in a research note on Monday, April 24th. Finally, ValuEngine upgraded Community Trust Bancorp from a hold rating to a buy rating in a research note on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $46.00.

Community Trust Bancorp (NASDAQ CTBI) opened at 41.45 on Friday. The stock has a 50 day moving average of $43.15 and a 200-day moving average of $44.28. Community Trust Bancorp has a 52-week low of $35.75 and a 52-week high of $51.35. The company has a market cap of $730.56 million, a price-to-earnings ratio of 15.52 and a beta of 0.68.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by $0.03. Community Trust Bancorp had a return on equity of 9.29% and a net margin of 23.68%. The company had revenue of $46.55 million for the quarter, compared to the consensus estimate of $46.70 million. On average, analysts forecast that Community Trust Bancorp will post $2.74 EPS for the current year.

WARNING: This piece was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/21/community-trust-bancorp-inc-ctbi-downgraded-by-bidaskclub.html.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Community Trust Bancorp’s previous quarterly dividend of $0.32. Community Trust Bancorp’s dividend payout ratio is 48.12%.

In related news, insider Andy D. Waters sold 824 shares of the stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $42.35, for a total value of $34,896.40. Following the sale, the insider now owns 1,268 shares in the company, valued at approximately $53,699.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.80% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its stake in Community Trust Bancorp by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 11,987 shares of the financial services provider’s stock worth $524,000 after buying an additional 163 shares during the period. State Street Corp boosted its stake in Community Trust Bancorp by 4.0% in the second quarter. State Street Corp now owns 298,264 shares of the financial services provider’s stock worth $13,047,000 after buying an additional 11,508 shares during the period. Voya Investment Management LLC boosted its stake in Community Trust Bancorp by 6.0% in the second quarter. Voya Investment Management LLC now owns 11,230 shares of the financial services provider’s stock worth $491,000 after buying an additional 637 shares during the period. Bancorpsouth Inc. boosted its stake in Community Trust Bancorp by 8.1% in the second quarter. Bancorpsouth Inc. now owns 10,147 shares of the financial services provider’s stock worth $443,000 after buying an additional 756 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Community Trust Bancorp by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 952,755 shares of the financial services provider’s stock worth $41,683,000 after buying an additional 50,341 shares during the period. Institutional investors and hedge funds own 57.34% of the company’s stock.

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.

Receive News & Stock Ratings for Community Trust Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Trust Bancorp Inc. and related stocks with our FREE daily email newsletter.