Community Trust Bancorp (NASDAQ:CTBI) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

Separately, Zacks Investment Research raised Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Monday, October 23rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $50.00.

Community Trust Bancorp (NASDAQ:CTBI) traded up $0.20 on Tuesday, reaching $49.35. The company’s stock had a trading volume of 41,800 shares, compared to its average volume of 30,509. The firm has a market cap of $869.60, a price-to-earnings ratio of 18.01 and a beta of 0.68. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.94 and a quick ratio of 0.94. Community Trust Bancorp has a 12-month low of $40.33 and a 12-month high of $51.90.

Community Trust Bancorp (NASDAQ:CTBI) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.02). The business had revenue of $47.52 million during the quarter, compared to analyst estimates of $48.00 million. Community Trust Bancorp had a net margin of 24.15% and a return on equity of 9.47%. equities research analysts expect that Community Trust Bancorp will post 2.81 EPS for the current year.

In other news, Director Chad C. Street acquired 4,000 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were bought at an average price of $48.79 per share, with a total value of $195,160.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $243,950. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Franky Minnifield sold 4,183 shares of Community Trust Bancorp stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $50.26, for a total value of $210,237.58. Following the sale, the director now directly owns 5,075 shares in the company, valued at approximately $255,069.50. The disclosure for this sale can be found here. Insiders have sold a total of 11,774 shares of company stock worth $593,927 in the last three months. 4.80% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Dalton Greiner Hartman Maher & Co. grew its holdings in shares of Community Trust Bancorp by 4.6% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 505,257 shares of the financial services provider’s stock worth $23,798,000 after purchasing an additional 22,070 shares in the last quarter. Maltese Capital Management LLC grew its holdings in shares of Community Trust Bancorp by 3.4% during the 3rd quarter. Maltese Capital Management LLC now owns 92,650 shares of the financial services provider’s stock worth $4,308,000 after purchasing an additional 3,050 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Community Trust Bancorp by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 978,098 shares of the financial services provider’s stock worth $45,482,000 after buying an additional 25,343 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Community Trust Bancorp by 5.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 86,889 shares of the financial services provider’s stock worth $4,041,000 after buying an additional 4,580 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of Community Trust Bancorp by 42.8% during the 3rd quarter. Wells Fargo & Company MN now owns 20,587 shares of the financial services provider’s stock worth $957,000 after buying an additional 6,173 shares during the period. 56.08% of the stock is currently owned by institutional investors.

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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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