Community Trust Bancorp (NASDAQ:CTBI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday, Zacks.com reports.

According to Zacks, “Community Trust Financial Services Corporation was incorporated under the laws for the purpose of becoming a bank holding company for Community Trust Bank. The Company is intended to facilitate the Bank’s ability to serve its customers’ requirements for financial services. The primary activity of the Company currently is, and is expected to remain for the foreseeable future, the ownership and operation of the Bank. “

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. ValuEngine raised shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

CTBI stock traded up $0.01 during trading on Monday, hitting $44.95. 66,860 shares of the company’s stock traded hands, compared to its average volume of 31,121. The firm has a market capitalization of $799.16 million, a P/E ratio of 13.42 and a beta of 0.67. The business has a fifty day simple moving average of $43.79 and a two-hundred day simple moving average of $41.76. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.10. Community Trust Bancorp has a 1 year low of $35.70 and a 1 year high of $46.69.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.02. The company had revenue of $48.91 million for the quarter, compared to analyst estimates of $48.96 million. Community Trust Bancorp had a net margin of 27.46% and a return on equity of 10.97%. On average, equities research analysts predict that Community Trust Bancorp will post 3.42 EPS for the current fiscal year.

In other Community Trust Bancorp news, EVP Charles Wayne Hancock II sold 10,000 shares of Community Trust Bancorp stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $44.28, for a total value of $442,800.00. 4.90% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zebra Capital Management LLC purchased a new position in Community Trust Bancorp in the third quarter worth $419,000. California State Teachers Retirement System grew its holdings in Community Trust Bancorp by 1.5% in the third quarter. California State Teachers Retirement System now owns 24,104 shares of the financial services provider’s stock worth $1,026,000 after purchasing an additional 367 shares during the last quarter. Systematic Financial Management LP grew its holdings in shares of Community Trust Bancorp by 10.9% during the third quarter. Systematic Financial Management LP now owns 10,420 shares of the financial services provider’s stock valued at $444,000 after buying an additional 1,020 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Community Trust Bancorp during the third quarter valued at $29,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Community Trust Bancorp during the third quarter valued at $408,000. 58.70% of the stock is currently owned by institutional investors and hedge funds.

About Community Trust Bancorp

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, Keogh plans, and savings certificates, as well as checking and savings, regular, individual retirement, NOW, and money market accounts.

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