Community Trust Bancorp (CTBI) Stock Price, News & Analysis

Company Overview

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. The company accepts time and demand deposits, checking accounts, savings accounts and savings certificates, individual retirement accounts and Keogh plans, and money market accounts. Its loan portfolio includes commercial, construction, mortgage, and personal loans; lease-financing, lines of credit, revolving lines of credit, and term loans, as well as other specialized loans, including asset-based financing; residential and commercial real estate loans; and consumer loans. The company also provides cash management, renting safe deposit boxes, 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. In addition, it offers securities brokerage services; debit cards; annuity and life insurance products; and repurchase agreements, as well as mobile, internet banking, and e-statement services. The company was founded in 1903 and is headquartered in Pikeville, Kentucky.

Key Stats

• Today's Range: $53.35 to $54.91
• 50-Day Range: $50.03 to $60.90
• 52-Week Range: $38.44 to $61.67
• Volume: 94,215 shs
• Average Volume: 50,380 shs
• Market Capitalization: $982.17 million
• P/E Ratio: 12.36
• Dividend Yield: 3.46%
• Price Target: $57.67
• Consensus Rating: Buy

Community Trust Bancorp Stock Analysis - MarketRank™

Community Trust Bancorp scored higher than 73% of companies evaluated by MarketBeat, and ranked 389th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Community Trust Bancorp has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Community Trust Bancorp has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.24%

Earnings Growth

Earnings for Community Trust Bancorp are expected to grow by 7.24% in the coming year, from $4.56 to $4.89 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Community Trust Bancorp is 12.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.29.

Price to Earnings Ratio vs. Sector

The P/E ratio of Community Trust Bancorp is 12.36, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 28.96.

Price to Book Value per Share Ratio

Community Trust Bancorp has a P/B Ratio of 1.39. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.49% of the float of Community Trust Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Community Trust Bancorp has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Community Trust Bancorp has recently decreased by 8.83%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Community Trust Bancorp pays a meaningful dividend of 3.27%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Community Trust Bancorp has been increasing its dividend for 44 years.

Dividend Coverage

The dividend payout ratio of Community Trust Bancorp is 42.73%. 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 38.45% next year. This indicates that Community Trust Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.49% of the float of Community Trust Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Community Trust Bancorp has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Community Trust Bancorp has recently decreased by 8.83%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 1.53

News Sentiment

Community Trust Bancorp has a news sentiment score of 1.53. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Community Trust Bancorp this week, compared to 2 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Community Trust Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 4.30% of the stock of Community Trust Bancorp is held by insiders.

Percentage Held by Institutions

60.20% 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.

CTBI Stock Analysis - Frequently Asked Questions

How have CTBI shares performed this year?

Community Trust Bancorp's stock was trading at $43.86 at the start of the year. Since then, CTBI stock has increased by 24.0% and is now trading at $54.39.
View the best growth stocks for 2024 here.

How were Community Trust Bancorp's earnings last quarter?

Community Trust Bancorp, Inc. (NASDAQ:CTBI) issued its quarterly earnings results on Wednesday, October, 16th. The financial services provider reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.08. The financial services provider earned $95.38 million during the quarter, compared to analysts' expectations of $62 million. Community Trust Bancorp had a trailing twelve-month return on equity of 10.93% and a net margin of 21.64%.

Who are Community Trust Bancorp's major shareholders?

Top institutional investors of Community Trust Bancorp include Community Trust & Investment Co. (10.66%), State Street Corp (2.66%), Geode Capital Management LLC (2.07%) and Clifford Capital Partners LLC (1.62%). Insiders that own company stock include M Lynn Parrish, Ricky D Sparkman, Mark A Gooch, Franky Minnifield, James B Draughn, Andy D Waters, David Andrew Jones, Richard W Newsom, Charles J Baird, Kevin J Stumbo, David I Tackett, James J Gartner, Mark Edward Smith and Jefferson F Sandlin.
View institutional ownership trends.

How do I buy shares of Community Trust Bancorp?

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

What other stocks do shareholders of Community Trust Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Community Trust Bancorp investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), ServiceNow (NOW) and Arista Networks (ANET).

Company Calendar

• Ex-Dividend for 10/1 Dividend: 9/13/2024
• Dividend Payable: 10/01/2024
• Last Earnings: 10/16/2024
• Ex-Dividend for 1/2 Dividend: 12/13/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/02/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:CTBI
• CUSIP: 20414910
• CIK: 350852
• Web: www.ctbi.com
• Phone: (606) 432-1414
• Fax: 606-437-3366
• Employees: 930
• Year Founded: 1903

Price Target and Rating

• Average Stock Price Target: $57.67
• High Stock Price Target: $64.00
• Low Stock Price Target: $49.00
• Potential Upside/Downside: +6.0%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.40
• Trailing P/E Ratio: 12.36
• Forward P/E Ratio: 11.93
• P/E Growth: N/A
• Net Income: $78 million
• Net Margins: 21.64%
• Pretax Margin: 27.57%
• Return on Equity: 10.93%
• Return on Assets: 1.35%

Debt

• Debt-to-Equity Ratio: 0.09
• Current Ratio: 0.90
• Quick Ratio: 0.90

Sales & Book Value

• Annual Sales: $239.57 million
• Price / Sales: 4.10
• Cash Flow: $4.50 per share
• Price / Cash Flow: 12.09
• Book Value: $39.01 per share
• Price / Book: 1.39

Miscellaneous

• Outstanding Shares: 18,058,000
• Free Float: 17,282,000
• Market Cap: $982.17 million
• Optionable: Optionable
• Beta: 0.66