Community Trust Bancorp, Inc. (NASDAQ:CTBI) Short Interest Up 13.3% in June

Community Trust Bancorp, Inc. (NASDAQ:CTBI) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 120,300 shares, an increase of 13.3% from the May 31st total of 106,200 shares. Based on an average trading volume of 42,200 shares, the short-interest ratio is presently 2.9 days. Approximately 0.7% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Janney Montgomery Scott assumed coverage on Community Trust Bancorp in a research note on Wednesday, March 27th. They issued a “buy” rating and a $49.00 target price for the company.

Institutional Investors Weigh In On Community Trust Bancorp

A number of hedge funds have recently made changes to their positions in the business. EMC Capital Management bought a new stake in shares of Community Trust Bancorp during the first quarter valued at approximately $119,000. William Howard & Co Financial Advisors Inc bought a new stake in Community Trust Bancorp during the first quarter worth approximately $663,000. Comerica Bank bought a new stake in Community Trust Bancorp during the first quarter worth approximately $185,000. Price T Rowe Associates Inc. MD raised its holdings in Community Trust Bancorp by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,484 shares of the financial services provider’s stock worth $618,000 after purchasing an additional 631 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Community Trust Bancorp during the first quarter worth approximately $78,000. Institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Performance

Shares of CTBI traded down $1.01 during mid-day trading on Wednesday, reaching $42.49. 33,556 shares of the company’s stock traded hands, compared to its average volume of 46,760. The business’s 50-day moving average price is $42.47 and its 200-day moving average price is $41.66. The stock has a market capitalization of $766.09 million, a P/E ratio of 10.09 and a beta of 0.66. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 0.88. Community Trust Bancorp has a 12 month low of $33.48 and a 12 month high of $45.74.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.06. The company had revenue of $59.02 million for the quarter, compared to analysts’ expectations of $56.51 million. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.64%. Equities analysts predict that Community Trust Bancorp will post 4.2 earnings per share for the current year.

Community Trust Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Saturday, June 15th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, June 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.33%. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 42.69%.

Community Trust Bancorp Company Profile

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.