Community Trust Bancorp (NASDAQ:CTBI) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. ValuEngine downgraded shares of Community Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th.
Get Community Trust Bancorp alerts:Shares of CTBI opened at $42.37 on Wednesday. The stock has a market capitalization of $770.14 million, a price-to-earnings ratio of 12.65 and a beta of 0.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.94 and a current ratio of 0.94. Community Trust Bancorp has a fifty-two week low of $35.70 and a fifty-two week high of $53.00.
Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. The business had revenue of $48.52 million for the quarter, compared to analysts’ expectations of $48.80 million. Community Trust Bancorp had a net margin of 26.51% and a return on equity of 11.42%. As a group, equities analysts predict that Community Trust Bancorp will post 3.49 earnings per share for the current year.
In other news, Director Franky Minnifield bought 1,600 shares of the company’s stock in a transaction dated Thursday, December 13th. The shares were purchased at an average price of $41.74 per share, for a total transaction of $66,784.00. Following the completion of the purchase, the director now owns 3,605 shares in the company, valued at approximately $150,472.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 4.80% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of CTBI. Bank of Montreal Can lifted its stake in shares of Community Trust Bancorp by 32.0% in the third quarter. Bank of Montreal Can now owns 31,261 shares of the financial services provider’s stock worth $1,449,000 after buying an additional 7,585 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Community Trust Bancorp during the third quarter valued at approximately $2,099,000. Wells Fargo & Company MN lifted its position in Community Trust Bancorp by 5.0% during the third quarter. Wells Fargo & Company MN now owns 26,732 shares of the financial services provider’s stock valued at $1,240,000 after purchasing an additional 1,271 shares during the period. Stone Ridge Asset Management LLC lifted its position in Community Trust Bancorp by 16.6% during the third quarter. Stone Ridge Asset Management LLC now owns 7,721 shares of the financial services provider’s stock valued at $358,000 after purchasing an additional 1,100 shares during the period. Finally, Bessemer Group Inc. lifted its position in Community Trust Bancorp by 13.5% during the third quarter. Bessemer Group Inc. now owns 19,400 shares of the financial services provider’s stock valued at $899,000 after purchasing an additional 2,300 shares during the period. Hedge funds and other institutional investors own 58.38% of the company’s stock.
Community Trust Bancorp Company Profile
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, individual retirement, NOW, and money market accounts.
Recommended Story: How much money do you need to begin day trading?
No comments:
Post a Comment