Community Trust Bancorp (NASDAQ:CTBI) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $52.76 and traded as high as $55.78. Community Trust Bancorp shares last traded at $53.88, with a volume of 50,010 shares changing hands.

Analyst Ratings Changes

Separately, Piper Sandler reissued an “overweight” rating and issued a $64.00 price objective on shares of Community Trust Bancorp in a research note on Friday, November 8th.

Community Trust Bancorp Trading Down 2.4 %

The company has a 50 day moving average of $54.01 and a 200 day moving average of $52.76. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The firm has a market cap of $973.07 million, a price-to-earnings ratio of 11.69 and a beta of 0.67.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.20 by $0.05. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.02%. During the same period last year, the business posted $1.04 EPS. As a group, research analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Friday, March 14th. Community Trust Bancorp’s dividend payout ratio is 40.78%.

Institutional Trading of Community Trust Bancorp

Several institutional investors have recently bought and sold shares of CTBI. US Bancorp DE boosted its stake in Community Trust Bancorp by 311.8% in the fourth quarter. US Bancorp DE now owns 560 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 424 shares in the last quarter. Federated Hermes Inc. acquired a new position in Community Trust Bancorp in the fourth quarter worth $46,000. Quantbot Technologies LP acquired a new position in Community Trust Bancorp in the third quarter worth $63,000. New York State Teachers Retirement System acquired a new position in Community Trust Bancorp in the fourth quarter worth $75,000. Finally, Coastline Trust Co acquired a new position in Community Trust Bancorp in the third quarter worth $79,000. Institutional investors and hedge funds own 60.20% of the company’s stock.

About Community Trust Bancorp

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that engages in the provision of commercial and personal banking, and trust and wealth management services to small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, as well as southern West Virginia, and northeastern Tennessee.