NASDAQ:CTBICommunity Trust Bancorp Stock Price, Forecast & News

$33.77

-1.71 (-4.82 %)

(As of 05/28/2020 04:00 PM ET)

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Today's Range

$33.70

Now: $33.77▼

$35.90

50-Day Range

$28.15

MA: $31.78▼

$35.70

52-Week Range

$26.45

Now: $33.77▼

$47.54

Volume39,608 shs

Average Volume47,274 shs

Market Capitalization$601.78 million

P/E Ratio10.69

Dividend Yield4.28%

Beta0.79

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, regular, individual retirement, NOW, and money market accounts. It also offers loan products, such as commercial and residential real estate loans; commercial, construction and development, mortgage, and personal loans, as well as consumer, and secured and unsecured loans; and lease-financing, lines of credit, revolving lines of credit, and term loans, as well as other specialized loans, including asset-based financing. In addition, the company provides cash management, safe deposit boxes rental, and funds transfer services; issues letters of credit; and acts as a trustee of personal trusts, executor of estates, trustee for employee benefit trusts, and paying agent for bond and stock issues, as well as an investment agent and depositor for securities. Further, it offers full service securities brokerage, and trust and wealth management services; debit cards; annuity and life insurance products; and repurchase agreements, as well as mobile, telephone, and Internet banking services. As of December 31, 2018, the company operated 79 banking locations in eastern, northeastern, central, and south central Kentucky; 6 banking locations in southern West Virginia; 4 banking locations in northeastern Tennessee; 4 trust offices in Kentucky; and 1 trust office in Tennessee. Community Trust Bancorp, Inc. was founded in 1903 and is headquartered in Pikeville, Kentucky.

Beat the Market (BTM) Rank^™

2.0 Analyst's Opinion

Consensus Rating
Community Trust Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $42.00, Community Trust Bancorp has a potential upside of 24.4% from its current price of $33.77.
Amount of Analyst Coverage
Community Trust Bancorp has only been the subject of 1 research reports in the past 90 days.

1.8 Community Rank

Outperform Votes
Community Trust Bancorp has received 199 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Community Trust Bancorp has received 353 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Community Trust Bancorp has received 63.95% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Community Trust Bancorp and other stocks. Vote “Outperform” if you believe CTBI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CTBI will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
Community Trust Bancorp is a leading dividend payer. It pays a dividend yield of 4.28%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Community Trust Bancorp has been increasing its dividend for 39 years.
Dividend Coverage
The dividend payout ratio of Community Trust Bancorp is 41.76 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Community Trust Bancorp will have a dividend payout ratio of 57.36 % next year. This indicates that Community Trust Bancorp will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Community Trust Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $15,445.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 5.10% of the stock of Community Trust Bancorp is held by insiders.
Percentage Held by Institutions
58.83% of the stock of Community Trust Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1 Earnings and Valuation

Earnings Growth
Earnings for Community Trust Bancorp are expected to grow by 30.54% in the coming year, from $2.03 to $2.65 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Community Trust Bancorp is 10.69, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.99.
Price to Earnings Ratio vs. Sector
The P/E ratio of Community Trust Bancorp is 10.69, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.41.
Price to Book Value per Share Ratio
Community Trust Bancorp has a P/B Ratio of 0.98. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.19 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:CTBI

Previous Symbol

CUSIP20414910

CIK350852

Webwww.ctbi.com

Phone606-432-1414

Debt

Debt-to-Equity Ratio0.10

Current Ratio0.95

Quick Ratio0.95

Price-To-Earnings

Trailing P/E Ratio10.69

Forward P/E Ratio16.64

P/E GrowthN/A

Sales & Book Value

Annual Sales$235.58 million

Price / Sales2.55

Cash Flow$4.35 per share

Price / Cash Flow7.77

Book Value$34.40 per share

Price / Book0.98

Profitability

EPS (Most Recent Fiscal Year)$3.64

Net Income$64.54 million

Net Margins24.03%

Return on Equity9.26%

Return on Assets1.29%

Miscellaneous

Employees988

Outstanding Shares17,820,000

Market Cap$601.78 million

Next Earnings Date7/15/2020 (Estimated)

OptionableOptionable

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Community Trust Bancorp (NASDAQ:CTBI) Frequently Asked Questions

How has Community Trust Bancorp's stock been impacted by COVID-19 (Coronavirus)?

Community Trust Bancorp's stock was trading at $33.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CTBI shares have increased by 0.1% and is now trading at $33.77. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Community Trust Bancorp?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Community Trust Bancorp in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Community Trust Bancorp.

When is Community Trust Bancorp's next earnings date?

Community Trust Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. View our earnings forecast for Community Trust Bancorp.

How were Community Trust Bancorp's earnings last quarter?

Community Trust Bancorp, Inc. (NASDAQ:CTBI) issued its quarterly earnings data on Wednesday, April, 22nd. The financial services provider reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by $0.22. The financial services provider had revenue of $47.77 million for the quarter, compared to analyst estimates of $48.20 million. Community Trust Bancorp had a net margin of 24.03% and a return on equity of 9.26%. View Community Trust Bancorp's earnings history.

How often does Community Trust Bancorp pay dividends? What is the dividend yield for Community Trust Bancorp?

Community Trust Bancorp declared a quarterly dividend on Thursday, April 30th. Investors of record on Monday, June 15th will be given a dividend of $0.38 per share on Wednesday, July 1st. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date is Friday, June 12th. View Community Trust Bancorp's dividend history.

What price target have analysts set for CTBI?

1 Wall Street analysts have issued 1-year target prices for Community Trust Bancorp's shares. Their forecasts range from $42.00 to $42.00. On average, they anticipate Community Trust Bancorp's stock price to reach $42.00 in the next twelve months. This suggests a possible upside of 24.4% from the stock's current price. View analysts' price targets for Community Trust Bancorp.

Has Community Trust Bancorp been receiving favorable news coverage?

News articles about CTBI stock have trended somewhat negative recently, according to InfoTrie. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Community Trust Bancorp earned a coverage optimism score of -1.8 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutCommunity Trust Bancorp.

Are investors shorting Community Trust Bancorp?

Community Trust Bancorp saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 97,100 shares, a decline of 8.8% from the April 30th total of 106,500 shares. Based on an average daily volume of 52,000 shares, the short-interest ratio is presently 1.9 days. Approximately 0.6% of the shares of the company are short sold. View Community Trust Bancorp's Current Options Chain.

Who are some of Community Trust Bancorp's key competitors?

Some companies that are related to Community Trust Bancorp include PNC Financial Services Group (PNC), Truist Financial (TFC), SunTrust Banks (STI), First Republic Bank (FRC), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Zions Bancorporation NA (ZION), Signature Bank (SBNY) and East West Bancorp (EWBC). View all competitors.

What other stocks do shareholders of Community Trust Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Community Trust Bancorp investors own include Exxon Mobil (XOM), AT&T (T), Cisco Systems (CSCO), Consolidated Edison (ED), Helmerich & Payne (HP), Johnson & Johnson (JNJ), Lockheed Martin (LMT), Mercury General (MCY), Altria Group (MO) and ONEOK (OKE).

Who are Community Trust Bancorp's key executives?

Community Trust Bancorp's management team includes the following people:

Ms. Jean R. Hale, Chairman, Pres & CEO (Age 72)
Mr. Kevin J. Stumbo, Exec. VP, CFO & Treasurer (Age 59)
Mr. Mark A. Gooch, Exec. VP & Sec. (Age 60)
Mr. James B. Draughn, Exec. VP (Age 59)
Mr. Larry W. Jones, Exec. VP (Age 72)

What is Community Trust Bancorp's stock symbol?

Community Trust Bancorp trades on the NASDAQ under the ticker symbol "CTBI."

Who are Community Trust Bancorp's major shareholders?

Community Trust Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional investors include Community Trust & Investment Co. (9.96%), BlackRock Inc. (7.16%), Dalton Greiner Hartman Maher & Co. (2.43%), State Street Corp (2.17%), JPMorgan Chase & Co. (1.57%) and Geode Capital Management LLC (1.46%). Company insiders that own Community Trust Bancorp stock include Andy D Waters, Charles Anthony W St, Charles J Baird, Charles Wayne Hancock II, Franky Minnifield, James J Gartner and Kevin J Stumbo. View institutional ownership trends for Community Trust Bancorp.

Which major investors are selling Community Trust Bancorp stock?

CTBI stock was sold by a variety of institutional investors in the last quarter, including Wells Fargo & Company MN, Parametric Portfolio Associates LLC, Grantham Mayo Van Otterloo & Co. LLC, JPMorgan Chase & Co., Bank of New York Mellon Corp, UBS Group AG, State Street Corp, and Russell Investments Group Ltd.. Company insiders that have sold Community Trust Bancorp company stock in the last year include Andy D Waters, Charles Wayne Hancock II, James J Gartner, and Kevin J Stumbo. View insider buying and selling activity for Community Trust Bancorp.

Which major investors are buying Community Trust Bancorp stock?

CTBI stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Community Trust & Investment Co., Geode Capital Management LLC, First Quadrant L P CA, Dynamic Technology Lab Private Ltd, Raymond James & Associates, Two Sigma Advisers LP, and Legal & General Group Plc. Company insiders that have bought Community Trust Bancorp stock in the last two years include Charles Anthony W St, and Franky Minnifield. View insider buying and selling activity for Community Trust Bancorp.

How do I buy shares of Community Trust Bancorp?

Shares of CTBI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Community Trust Bancorp's stock price today?

One share of CTBI stock can currently be purchased for approximately $33.77.

How big of a company is Community Trust Bancorp?

Community Trust Bancorp has a market capitalization of $601.78 million and generates $235.58 million in revenue each year. The financial services provider earns $64.54 million in net income (profit) each year or $3.64 on an earnings per share basis. Community Trust Bancorp employs 988 workers across the globe.

What is Community Trust Bancorp's official website?

The official website for Community Trust Bancorp is www.ctbi.com.

How can I contact Community Trust Bancorp?

Community Trust Bancorp's mailing address is 346 NORTH MAYO TRAIL, PIKEVILLE KY, 41501. The financial services provider can be reached via phone at 606-432-1414 or via email at [email protected]

This page was last updated on 5/28/2020 by MarketBeat.com Staff