BNP Paribas Financial Markets Purchases 1,079 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

BNP Paribas Financial Markets increased its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 33.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,285 shares of the financial services provider’s stock after buying an additional 1,079 shares during the period. BNP Paribas Financial Markets’ holdings in Community Trust Bancorp were worth $213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Thoroughbred Financial Services LLC acquired a new stake in shares of Community Trust Bancorp in the second quarter valued at about $2,891,000. Thrivent Financial for Lutherans grew its holdings in Community Trust Bancorp by 23.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 80,948 shares of the financial services provider’s stock valued at $4,020,000 after buying an additional 15,619 shares during the last quarter. Creative Planning bought a new position in Community Trust Bancorp in the 3rd quarter worth approximately $498,000. Bank of Montreal Can bought a new position in Community Trust Bancorp in the 2nd quarter worth approximately $764,000. Finally, Clifford Capital Partners LLC lifted its holdings in shares of Community Trust Bancorp by 7.8% during the second quarter. Clifford Capital Partners LLC now owns 324,515 shares of the financial services provider’s stock worth $14,168,000 after buying an additional 23,564 shares during the last quarter. 60.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTBI has been the topic of a number of research reports. Raymond James raised shares of Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research report on Friday, October 18th. Piper Sandler reaffirmed an “overweight” rating and set a $64.00 price objective on shares of Community Trust Bancorp in a research report on Friday, November 8th.

Community Trust Bancorp Stock Performance

Shares of NASDAQ CTBI opened at $58.36 on Tuesday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 13.26 and a beta of 0.66. Community Trust Bancorp, Inc. has a one year low of $38.44 and a one year high of $61.67. The business has a fifty day simple moving average of $55.66 and a 200 day simple moving average of $49.65. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.08. The firm had revenue of $95.38 million during the quarter, compared to analyst estimates of $62.00 million. Community Trust Bancorp had a net margin of 21.64% and a return on equity of 10.93%. Sell-side analysts expect that Community Trust Bancorp, Inc. will post 4.56 EPS for the current year.

Community Trust Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Sunday, December 15th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Friday, December 13th. Community Trust Bancorp’s dividend payout ratio is 42.73%.

Community Trust Bancorp Company Profile

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.