Community Trust Bancorp, Inc. $CTBI Holdings Decreased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC trimmed its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 3.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,562 shares of the financial services provider’s stock after selling 1,578 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.22% of Community Trust Bancorp worth $2,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in shares of Community Trust Bancorp by 39.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 801 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 228 shares during the period. Farther Finance Advisors LLC purchased a new position in Community Trust Bancorp during the second quarter valued at approximately $40,000. US Bancorp DE increased its stake in Community Trust Bancorp by 90.2% in the 1st quarter. US Bancorp DE now owns 1,065 shares of the financial services provider’s stock valued at $54,000 after buying an additional 505 shares during the period. Strs Ohio purchased a new stake in Community Trust Bancorp in the 1st quarter worth approximately $86,000. Finally, CWM LLC boosted its stake in shares of Community Trust Bancorp by 11.4% during the 1st quarter. CWM LLC now owns 3,516 shares of the financial services provider’s stock valued at $177,000 after buying an additional 361 shares during the period. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Trading Down 0.7%

Shares of CTBI stock opened at $54.98 on Tuesday. Community Trust Bancorp, Inc. has a 12 month low of $44.60 and a 12 month high of $61.67. The company has a market cap of $996.02 million, a PE ratio of 10.63 and a beta of 0.60. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $54.07 and its two-hundred day moving average is $54.25.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.32 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). Community Trust Bancorp had a return on equity of 11.91% and a net margin of 23.24%.The firm had revenue of $71.50 million during the quarter, compared to analyst estimates of $71.85 million. Equities analysts predict that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 15th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, December 15th. Community Trust Bancorp’s dividend payout ratio is 41.01%.

Wall Street Analyst Weigh In

CTBI has been the topic of a number of research reports. Piper Sandler initiated coverage on shares of Community Trust Bancorp in a research note on Monday, August 18th. They issued an “overweight” rating and a $66.00 price target on the stock. Raymond James Financial set a $61.00 price target on Community Trust Bancorp in a research note on Wednesday, October 15th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Community Trust Bancorp in a research note on Thursday, October 30th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $63.50.

Community Trust Bancorp 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.