Is there a Bearish outlook for Community Trust Bancorp, Inc. (NASDAQ:CTBI) this week?

January 22, 2018 - By Hazel Jackson

 Is there a Bearish outlook for Community Trust Bancorp, Inc. (NASDAQ:CTBI) this week?
Investors sentiment decreased to 1.25 in Q3 2017. Its down 0.19, from 1.44 in 2017Q2. It dived, as 7 investors sold Community Trust Bancorp, Inc. shares while 29 reduced holdings. 11 funds opened positions while 34 raised stakes. 9.84 million shares or 1.06% less from 9.94 million shares in 2017Q2 were reported.
Bridgeway Mgmt Inc stated it has 50,000 shares or 0.03% of all its holdings. New Jersey-based Prudential has invested 0.01% in Community Trust Bancorp, Inc. (NASDAQ:CTBI). Fmr Limited Liability Company accumulated 231,150 shares. Barclays Public Ltd holds 0% in Community Trust Bancorp, Inc. (NASDAQ:CTBI) or 544 shares. Voya Inv Limited Company invested in 0% or 11,230 shares. Citigroup has 0% invested in Community Trust Bancorp, Inc. (NASDAQ:CTBI) for 4,623 shares. Raymond James And reported 51,165 shares. Wedge Capital Mgmt L L P Nc invested in 0% or 5,692 shares. Ameritas Inv Prtn Incorporated holds 1,316 shares or 0% of its portfolio. Ny State Common Retirement Fund holds 0% or 53,300 shares. Nationwide Fund Advsr stated it has 32,869 shares or 0.01% of all its holdings. Lsv Asset Mgmt holds 0.02% or 289,165 shares. Rhumbline Advisers invested in 20,793 shares. Sterling Capital Mngmt Ltd Liability Co reported 18,909 shares. Central National Bank stated it has 0.11% in Community Trust Bancorp, Inc. (NASDAQ:CTBI).

Since October 20, 2017, it had 0 insider purchases, and 3 insider sales for $568,630 activity. MINNIFIELD FRANKY also sold $210,245 worth of Community Trust Bancorp, Inc. (NASDAQ:CTBI) shares. Shares for $10,516 were sold by Waters Andy D.

Community Trust Bancorp, Inc. (NASDAQ:CTBI) Ratings Coverage

Among 2 analysts covering Community Trust Bancorp (NASDAQ:CTBI), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Community Trust Bancorp had 4 analyst reports since January 21, 2016 according to SRatingsIntel. As per Tuesday, October 3, the company rating was maintained by Keefe Bruyette & Woods. The rating was downgraded by Sandler O’Neill to “Sell” on Thursday, January 19. As per Thursday, January 21, the company rating was upgraded by Sandler O’Neill. Keefe Bruyette & Woods maintained Community Trust Bancorp, Inc. (NASDAQ:CTBI) on Monday, October 23 with “Hold” rating. Below is a list of Community Trust Bancorp, Inc. (NASDAQ:CTBI) latest ratings and price target changes.

23/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $47.0 Maintain
03/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $42.0 Maintain

The stock increased 0.61% or $0.3 during the last trading session, reaching $49.2. About 61,258 shares traded or 81.91% up from the average. Community Trust Bancorp, Inc. (NASDAQ:CTBI) has risen 20.20% since January 22, 2017 and is uptrending. It has outperformed by 3.50% the S&P500.

Community Trust Bancorp, Inc. operates as the bank holding firm for Community Trust Bank, Inc. that provides commercial and personal banking services to small and mid-sized communities. The company has market cap of $868.33 million. The firm accepts time and demand deposits, Keogh plans, and savings certificates, as well as checking and savings, individual retirement, NOW, and money market accounts. It has a 16.85 P/E ratio. It also offers loan products, such as commercial and residential real estate loans; commercial, construction and development, mortgage, and personal loans, as well as consumer, and secured and unsecured loans; and lease-financing, lines of credit, revolving lines of credit, and term loans, as well as other specialized loans, including asset financing.

More notable recent Community Trust Bancorp, Inc. (NASDAQ:CTBI) news were published by: Seekingalpha.com which released: “Community Trust Bancorp: A Would-Be Dividend Aristocrat With 37 Consecutive …” on September 11, 2017, also Businesswire.com with their article: “Community Trust Bancorp, Inc. Announces the Appointment of Chad C. Street, DMD …” published on October 25, 2017, Businesswire.com published: “Community Trust Bancorp, Inc. Announces Bonus to Employees” on December 22, 2017. More interesting news about Community Trust Bancorp, Inc. (NASDAQ:CTBI) were released by: Businesswire.com and their article: “Community Trust Bancorp, Inc. Reports Record Earnings for the Fourth Quarter …” published on January 17, 2018 as well as Businesswire.com‘s news article titled: “Community Trust Bancorp, Inc. Declares Its Cash Dividend” with publication date: January 27, 2017.

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