Community Trust Bancorp (NASDAQ:CTBI) upgraded to “Buy” on StockNews.com
Community Trust Bancorp (NASDAQ:CTBI – Get an Assessment) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note released Thursday to investors.
Separately, Zacks Investment Research downgraded Community Trust Bancorp from a “buy” rating to a “hold” rating in a Friday, April 8 research report.
Shares of CTBI rose $0.09 in Thursday’s midday session, hitting $42.17. The company had a trading volume of 43,222 shares, compared to an average volume of 50,843. The company’s 50-day simple moving average is $41.78 and its 200-day simple moving average is 43.20 $. The company has a debt ratio of 0.09, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $754.17 million, a P/E ratio of 8.54 and a beta of 0.79. Community Trust Bancorp has a 1 year minimum of $38.20 and a 1 year maximum of $46.30.
Community Trust Bancorp (NASDAQ:CTBI – Get Rating) last reported quarterly earnings data on Wednesday, April 20. The financial services provider reported earnings per share (EPS) of $1.11 for the quarter, beating the consensus estimate of $0.96 by $0.15. Community Trust Bancorp had a return on equity of 12.86% and a net margin of 36.85%. Stock analysts predict Community Trust Bancorp will post earnings per share of 3.87 for the current fiscal year.
A number of institutional investors and hedge funds have recently increased or reduced their stakes in the company. Royal Bank of Canada increased its position in Community Trust Bancorp by 44.4% during the second quarter. Royal Bank of Canada now owns 1,066 shares of the financial services provider worth $43,000 after buying 328 additional shares during the period. Calton & Associates Inc. increased its stake in Community Trust Bancorp shares by 10.1% in Q1. Calton & Associates Inc. now owns 5,438 shares of the financial services provider valued at $224,000 after buying an additional 500 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in Community Trust Bancorp shares by 7.5% in Q4. Advisor Group Holdings Inc. now owns 7,329 shares of the financial services provider valued at $319,000 after buying an additional 510 shares in the last quarter. California State Teachers Retirement System increased its stake in Community Trust Bancorp shares by 2.6% in the fourth quarter. California State Teachers Retirement System now owns 22,086 shares of the financial services provider valued at $963,000 after buying 558 additional shares in the last quarter. Finally, WINTON GROUP Ltd increased its stake in the shares of Community Trust Bancorp by 7.7% in the 3rd quarter. WINTON GROUP Ltd now owns 10,667 shares of the financial services provider valued at $449,000 after buying an additional 760 shares in the last quarter. 57.32% of the shares are currently held by institutional investors.
About Community Trust Bancorp (Get a rating)
Community Trust Bancorp, Inc operates as a bank holding company for Community Trust Bank, Inc which provides commercial and personal banking services to small and medium communities. The company accepts term and demand deposits, checking accounts, savings accounts and savings certificates, individual retirement accounts and Keogh plans and money market accounts.
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