UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Stock Holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 17.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,525 shares of the financial services provider’s stock after selling 2,453 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of Community Trust Bancorp worth $572,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its holdings in shares of Community Trust Bancorp by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,171,419 shares of the financial services provider’s stock valued at $51,142,000 after purchasing an additional 12,707 shares during the period. Clifford Capital Partners LLC grew its position in Community Trust Bancorp by 7.8% in the 2nd quarter. Clifford Capital Partners LLC now owns 324,515 shares of the financial services provider’s stock valued at $14,168,000 after buying an additional 23,564 shares during the last quarter. American Century Companies Inc. increased its stake in Community Trust Bancorp by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 274,759 shares of the financial services provider’s stock valued at $11,996,000 after buying an additional 46,745 shares during the period. AQR Capital Management LLC increased its stake in Community Trust Bancorp by 37.8% in the 2nd quarter. AQR Capital Management LLC now owns 188,707 shares of the financial services provider’s stock valued at $8,239,000 after buying an additional 51,765 shares during the period. Finally, Renaissance Technologies LLC raised its position in Community Trust Bancorp by 0.3% during the 2nd quarter. Renaissance Technologies LLC now owns 143,382 shares of the financial services provider’s stock worth $6,260,000 after buying an additional 500 shares during the last quarter. 60.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CTBI shares. Piper Sandler reaffirmed an “overweight” rating and issued a $64.00 target price on shares of Community Trust Bancorp in a report on Friday, November 8th. Raymond James upgraded shares of Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Friday, October 18th.

Community Trust Bancorp Trading Up 0.9 %

NASDAQ:CTBI opened at $54.39 on Friday. Community Trust Bancorp, Inc. has a 1 year low of $38.44 and a 1 year high of $61.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a fifty day moving average price of $56.18 and a two-hundred day moving average price of $49.91. The stock has a market capitalization of $982.17 million, a price-to-earnings ratio of 12.36 and a beta of 0.66.

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

Community Trust Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, December 13th. Community Trust Bancorp’s dividend payout ratio (DPR) 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.