Community Trust Bancorp (NASDAQ:CTBI) Given New $58.00 Price Target at Raymond James

Community Trust Bancorp (NASDAQ:CTBI) had its price objective decreased by equities research analysts at Raymond James from $60.00 to $58.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Raymond James’ price objective suggests a potential upside of 14.83% from the stock’s current price.

Community Trust Bancorp Trading Down 0.3 %

Community Trust Bancorp stock traded down $0.17 during trading on Wednesday, hitting $50.51. The company’s stock had a trading volume of 8,864 shares, compared to its average volume of 53,569. The stock has a market capitalization of $914.33 million, a price-to-earnings ratio of 10.98 and a beta of 0.62. Community Trust Bancorp has a 1-year low of $39.28 and a 1-year high of $61.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s fifty day moving average is $53.37 and its 200 day moving average is $53.58.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. During the same quarter in the prior year, the company earned $1.04 EPS. As a group, equities research analysts predict that Community Trust Bancorp will post 5.06 EPS for the current year.

Institutional Trading of Community Trust Bancorp

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Community Trust Bancorp by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,208,065 shares of the financial services provider’s stock valued at $64,064,000 after purchasing an additional 21,008 shares during the period. Geode Capital Management LLC boosted its position in Community Trust Bancorp by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 374,544 shares of the financial services provider’s stock valued at $19,866,000 after buying an additional 1,386 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Community Trust Bancorp by 11.4% during the fourth quarter. American Century Companies Inc. now owns 350,755 shares of the financial services provider’s stock valued at $18,601,000 after acquiring an additional 35,777 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Community Trust Bancorp by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 126,276 shares of the financial services provider’s stock worth $6,696,000 after acquiring an additional 904 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Community Trust Bancorp by 25.2% in the fourth quarter. JPMorgan Chase & Co. now owns 119,197 shares of the financial services provider’s stock worth $6,321,000 after acquiring an additional 23,964 shares in the last quarter. 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.