<div id="readability-page-1"><p>Community Trust Bancorp, Inc. (NASDAQ:CTBI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday following a stronger than expected earnings report. The stock has a two hundred day moving average of $53.26 and traded as high as $55.95. Community Trust Bancorp shares last traded at $53.19, with a volume of 106,809 shares changing hands.</p><ul><li>Bank Stocks Are on Fire; Here’s Where the Action Is Smoking Hot</li></ul><p>The financial services provider reported $1.32 EPS for the quarter, missing analysts' consensus estimates of $1.38 by ($0.06). Community Trust Bancorp had a return on equity of 11.77% and a net margin of 23.33%.The company had revenue of $71.50 million for the quarter, compared to analyst estimates of $71.85 million. </p><h2>Community Trust Bancorp Increases Dividend</h2><p>The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were given a dividend of $0.53 per share. The ex-dividend date was Monday, September 15th. This represents a $2.12 dividend on an annualized basis and a yield of 4.0%. This is a positive change from Community Trust Bancorp's previous quarterly dividend of $0.47. Community Trust Bancorp's dividend payout ratio  is currently 41.73%. </p><h2>Wall Street Analysts Forecast Growth</h2><ul><li>3 Cheap Small-Cap Banks for Dividend Growth Investors</li></ul><p>CTBI has been the topic of several research analyst reports. Piper Sandler initiated coverage on shares of Community Trust Bancorp in a research note on Monday, August 18th. They set an &#34;overweight&#34; rating and a $66.00 target price on the stock. Raymond James Financial  set a $61.00 target price on shares of Community Trust Bancorp in a research report on Wednesday. Finally, Weiss Ratings  restated a &#34;buy (b)&#34; rating on shares of Community Trust Bancorp in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating,  Based on data from MarketBeat.com, the company  has an average rating of &#34;Buy&#34; and an average price target of $63.50.</p><p><b>Check Out Our Latest Research Report on Community Trust Bancorp</b></p><h2>Insider Activity at Community Trust Bancorp</h2><p>In related news, EVP Andy D. Waters sold 918 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $56.18, for a total value of $51,573.24. Following the completion of the sale, the executive vice president directly owned 632 shares of the company's stock, valued at approximately $35,505.76. This represents a 59.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.30% of the stock is owned by insiders. </p><h2>Institutional Trading of Community Trust Bancorp</h2><p>Several institutional investors and hedge funds have recently made changes to their positions in the business. Equitable Trust Co. raised its holdings in  Community Trust Bancorp by 3.4% in the second quarter. Equitable Trust Co. now owns 5,930 shares of the financial services provider's stock worth $314,000 after purchasing an additional 193 shares in the last quarter.  CANADA LIFE ASSURANCE Co lifted its holdings in  Community Trust Bancorp by 7.6% in the second quarter. CANADA LIFE ASSURANCE Co now owns 2,958 shares of the financial services provider's stock valued at $156,000 after acquiring an additional 208 shares during the period.  PNC Financial Services Group Inc. raised its stake in shares of  Community Trust Bancorp by 39.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 801 shares of the financial services provider's stock worth $40,000 after buying an additional 228 shares during the period.  BTC Capital Management Inc. raised its stake in  Community Trust Bancorp by 3.4% in the 2nd quarter. BTC Capital Management Inc. now owns 7,811 shares of the financial services provider's stock valued at $412,000 after purchasing an additional 259 shares during the last quarter.  Finally, SummerHaven Investment Management LLC grew its holdings in  Community Trust Bancorp by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 18,571 shares of the financial services provider's stock valued at $983,000 after buying an additional 293 shares in the last quarter. 60.20% of the stock is currently owned by institutional investors. </p><h2>Community Trust Bancorp Trading Down 5.3%</h2><p>The company has a market capitalization of $963.27 million, a PE ratio of 10.47 and a beta of 0.57. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $56.37 and a 200-day simple moving average of $53.26. </p><h2>About Community Trust Bancorp</h2> (Get Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Community Trust Bancorp</li><li>Quiet Period Expirations Explained</li><li>Palantir’s New Healthcare Deal Boosts AI and Data Reach </li><li>Growth Stocks: What They Are, Examples and How to Invest</li><li>GM's Billion-Dollar Bruise: GM's Strategic Pivot Makes It a Buy</li><li>Dividend Capture Strategy: What You Need to Know</li><li>Novo Nordisk’s Akero Therapeutics Buy Targets Eli Lilly’s Lead</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Community Trust Bancorp Right Now?</h2><p>Before you consider Community Trust Bancorp, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Community Trust Bancorp wasn't on the list.</p><p>While Community Trust Bancorp currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CTBI

<p>Community Trust Bancorp's stock (NASDAQ:CTBI) crossed above its 200-day moving average of $53.26 after reporting earnings of $1.32 per share, missing estimates of $1.38. The stock traded as high as $55.95 and last at $53.19. The company also announced a quarterly dividend of $0.53 per share, up from $0.47, with a yield of 4.0%. Analysts maintain a "Buy" rating with an average target price of $63.50. Institutional ownership stands at 60.20%.</p>

Community Trust Bancorp (NASDAQ:CTBI) Stock Crosses Above Two Hundred Day Moving Average After Earnings Miss