Community Trust Bancorp (NASDAQ:CTBI) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $52.49 and traded as high as $55.72. Community Trust Bancorp shares last traded at $55.68, with a volume of 47,071 shares changing hands.

Wall Street Analyst Weigh In

Separately, Piper Sandler reaffirmed an "overweight" rating and issued a $64.00 target price on shares of Community Trust Bancorp in a report on Friday, November 8th.

Community Trust Bancorp Stock Performance

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 company has a market cap of $1.00 billion, a price-to-earnings ratio of 12.04 and a beta of 0.67. The company has a fifty day moving average of $54.28 and a two-hundred day moving average of $52.61.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share 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 quarter in the prior year, the business posted $1.04 EPS. Equities research analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Friday, March 14th. Community Trust Bancorp's dividend payout ratio (DPR) is 40.78%.

Institutional Investors Weigh In On Community Trust Bancorp

Several hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Community Trust Bancorp by 51.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 17,454 shares of the financial services provider's stock valued at $926,000 after acquiring an additional 5,929 shares in the last quarter. Virtus Investment Advisers Inc. acquired a new position in Community Trust Bancorp during the 4th quarter worth about $524,000. ProShare Advisors LLC acquired a new position in Community Trust Bancorp during the 4th quarter worth about $229,000. Nuveen Asset Management LLC lifted its holdings in Community Trust Bancorp by 19.6% during the 4th quarter. Nuveen Asset Management LLC now owns 111,538 shares of the financial services provider's stock worth $5,915,000 after buying an additional 18,260 shares during the period. Finally, Occudo Quantitative Strategies LP lifted its holdings in Community Trust Bancorp by 36.3% during the 4th quarter. Occudo Quantitative Strategies LP now owns 6,168 shares of the financial services provider's stock worth $327,000 after buying an additional 1,644 shares during the period. 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.