Positive Press Coverage Somewhat Unlikely to Affect Community Trust Bancorp (CTBI) Stock Price
Headlines about Community Trust Bancorp (NASDAQ:CTBI) have been trending positive on Friday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Community Trust Bancorp earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.0949934628604 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Community Trust Bancorp, Inc. (Kentucky) : CTBI-US: Dividend Analysis : September 15th, 2017 (record date) : By the numbers : October 5, 2017 (finance.yahoo.com)
- Community Trust Bancorp, Inc. (Kentucky) :CTBI-US: Earnings Analysis: Q2, 2017 By the Numbers : September 26, 2017 (finance.yahoo.com)
- ETFs with exposure to Community Trust Bancorp, Inc. (Kentucky) : September 27, 2017 (finance.yahoo.com)
- Community Trust Bancorp, Inc. (NASDAQ:CTBI) Experiences Lighter than Usual Trading Volume – First News 24 (firstnewspaper24.com)
- Community Trust Bancorp, Inc. (NASDAQ:CTBI) Traded 9.0% Above Its 50 Day Average – First News 24 (firstnewspaper24.com)
Shares of Community Trust Bancorp (CTBI) opened at 47.05 on Friday. The stock has a market cap of $829.26 million, a price-to-earnings ratio of 17.62 and a beta of 0.70. Community Trust Bancorp has a 12-month low of $35.85 and a 12-month high of $51.35. The firm’s 50-day moving average price is $43.26 and its 200-day moving average price is $43.61.
Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.03). The business had revenue of $46.55 million during the quarter, compared to analyst estimates of $46.70 million. Community Trust Bancorp had a return on equity of 9.29% and a net margin of 23.68%. On average, analysts forecast that Community Trust Bancorp will post $2.74 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Friday, September 15th were paid a $0.33 dividend. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, September 14th. This represents a $1.32 annualized dividend and a dividend yield of 2.82%. Community Trust Bancorp’s payout ratio is 49.62%.
A number of analysts have weighed in on CTBI shares. Zacks Investment Research lowered Community Trust Bancorp from a “hold” rating to a “sell” rating in a report on Friday, July 21st. BidaskClub lowered Community Trust Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Community Trust Bancorp currently has a consensus rating of “Hold” and a consensus price target of $43.00.
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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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