Community Trust Bancorp (NASDAQ:CTBI – Get Free Report) released its quarterly earnings results on Wednesday. The financial services provider reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.22), FiscalAI reports. Community Trust Bancorp had a return on equity of 12.60% and a net margin of 25.48%. The firm had revenue of $79.70 million during the quarter, compared to the consensus estimate of $80.20 million.
Community Trust Bancorp Stock Up 4.0%
CTBI opened at $71.09 on Friday. The stock has a market cap of $1.29 billion, a PE ratio of 11.24 and a beta of 0.54. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.08. Community Trust Bancorp has a 52 week low of $50.25 and a 52 week high of $79.92. The business’s fifty day simple moving average is $75.78 and its 200 day simple moving average is $71.98.
Community Trust Bancorp News Roundup
Here are the key news stories impacting Community Trust Bancorp this week:
- Positive Sentiment: Community Trust Bancorp reported third-quarter net income of $25.9 million, or $1.43 per diluted share, up from $23.9 million, or $1.33 per share, a year earlier. Net interest income increased 9.9% year over year, noninterest income rose 16.9%, and loans grew by $177.9 million to $5.3 billion. Community Trust Bancorp Reports Third-Quarter 2026 Net Income
- Neutral Sentiment: Piper Sandler lowered its price target for CTBI from $81 to $75 and maintained a “neutral” rating. The revised target still implies potential upside from the referenced trading level, but the reduction signals more cautious expectations following the earnings report. Piper Sandler Lowers Community Trust Bancorp Price Target
- Neutral Sentiment: Two law firms announced investigations into potential securities-law violations after CTBI’s reported share-price decline. These announcements do not establish wrongdoing, but they may add near-term headline and litigation risk for investors. Law Firm Investigation Announcement
- Negative Sentiment: Third-quarter EPS of $1.43 missed the $1.65 consensus estimate by $0.22, while revenue of $79.7 million was slightly below the $80.2 million forecast. The earnings shortfall prompted concerns about the durability of the bank’s results. Community Trust Bancorp Lags Q3 Estimates
- Negative Sentiment: The provision for credit losses jumped to $9.2 million, $6.4 million higher than in the second quarter. The higher charge-off and credit-cost figures raise concerns about loan quality and were likely the most significant catalyst behind the recent selling pressure. Community Trust Bancorp Reports Third-Quarter Charge-Offs
Analyst Upgrades and Downgrades
CTBI has been the subject of several recent analyst reports. Raymond James Financial began coverage on Community Trust Bancorp in a research report on Tuesday, September 1st. They set an “outperform” rating and a $82.00 target price for the company. Piper Sandler lowered their price target on Community Trust Bancorp from $81.00 to $75.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Weiss Ratings upgraded Community Trust Bancorp from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.50.
Get Our Latest Research Report on Community Trust Bancorp
Insiders Place Their Bets
In other Community Trust Bancorp news, Director Franky Minnifield sold 3,900 shares of Community Trust Bancorp stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $78.85, for a total transaction of $307,515.00. Following the completion of the sale, the director owned 8,320 shares of the company’s stock, valued at $656,032. The trade was a 31.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.60% of the stock is owned by insiders.
About Community Trust Bancorp
Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. Through its principal subsidiary, Community Trust Bank, the company provides banking and financial services to individuals, businesses and organizations.
Its products and services include checking and savings accounts, certificates of deposit, consumer and mortgage loans, commercial lending, agricultural financing and other credit products. Community Trust also offers trust and wealth-management services, investment products, insurance and digital banking tools.
Community Trust Bank traces its history to 1903 and has developed a regional banking network serving communities primarily throughout eastern and central Kentucky, as well as portions of southern West Virginia.
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