Community Trust Bancorp (NASDAQ:CTBI) Shares Pass Above 200 Day Moving Average – Time to Sell?

Community Trust Bancorp, Inc. (NASDAQ:CTBI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $57.70 and traded as high as $60.30. Community Trust Bancorp shares last traded at $57.73, with a volume of 122,214 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Community Trust Bancorp in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $63.50.

Community Trust Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $1.05 billion, a P/E ratio of 10.63 and a beta of 0.57. The stock’s fifty day moving average price is $61.25 and its two-hundred day moving average price is $57.70.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.08. The business had revenue of $74.72 million for the quarter, compared to analysts’ expectations of $73.15 million. Community Trust Bancorp had a net margin of 23.95% and a return on equity of 11.96%. As a group, equities analysts predict that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current year.

Community Trust Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Sunday, March 15th will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.7%. Community Trust Bancorp’s payout ratio is 39.04%.

Institutional Trading of Community Trust Bancorp

Several large investors have recently bought and sold shares of CTBI. American Century Companies Inc. lifted its holdings in shares of Community Trust Bancorp by 10.1% in the third quarter. American Century Companies Inc. now owns 452,995 shares of the financial services provider’s stock worth $25,345,000 after acquiring an additional 41,551 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Community Trust Bancorp by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 413,312 shares of the financial services provider’s stock valued at $21,872,000 after purchasing an additional 17,995 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Community Trust Bancorp by 24.8% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 124,669 shares of the financial services provider’s stock valued at $6,975,000 after purchasing an additional 24,800 shares during the last quarter. Clifford Capital Partners LLC increased its position in Community Trust Bancorp by 3.1% during the 2nd quarter. Clifford Capital Partners LLC now owns 282,588 shares of the financial services provider’s stock worth $14,955,000 after purchasing an additional 8,455 shares in the last quarter. Finally, Wedge Capital Management L L P NC increased its position in Community Trust Bancorp by 26.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 54,369 shares of the financial services provider’s stock worth $3,042,000 after purchasing an additional 11,522 shares in the last quarter. 60.20% of the stock is owned by institutional investors and hedge funds.

About Community Trust Bancorp

Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. As the parent of Community Trust Bank, the company provides a comprehensive range of banking services to individuals, families and businesses throughout eastern Kentucky, southern West Virginia and northeast Tennessee. With origins dating back to the early 20th century, the organization has built a reputation for supporting community development and regional economic growth across the Appalachian region.

The company’s personal banking offerings include checking and savings accounts, consumer installment loans, home equity and mortgage lending, as well as online and mobile banking platforms.