Community Trust Bancorp, Inc. $CTBI is Community Trust & Investment Co.’s 4th Largest Position

Community Trust & Investment Co. lessened its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,965,547 shares of the financial services provider’s stock after selling 9,247 shares during the period. Community Trust Bancorp comprises approximately 5.9% of Community Trust & Investment Co.’s portfolio, making the stock its 4th biggest position. Community Trust & Investment Co. owned about 10.85% of Community Trust Bancorp worth $111,053,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CTBI. American Century Companies Inc. lifted its stake in Community Trust Bancorp by 10.1% in the 3rd quarter. American Century Companies Inc. now owns 452,995 shares of the financial services provider’s stock worth $25,345,000 after acquiring an additional 41,551 shares in the last quarter. Geode Capital Management LLC grew its stake in Community Trust Bancorp by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 413,312 shares of the financial services provider’s stock valued at $21,872,000 after acquiring an additional 17,995 shares in the last quarter. Clifford Capital Partners LLC increased its holdings in shares of Community Trust Bancorp by 0.3% in the 3rd quarter. Clifford Capital Partners LLC now owns 283,410 shares of the financial services provider’s stock valued at $15,857,000 after purchasing an additional 822 shares during the period. LSV Asset Management increased its holdings in shares of Community Trust Bancorp by 2.2% in the 3rd quarter. LSV Asset Management now owns 244,080 shares of the financial services provider’s stock valued at $13,656,000 after purchasing an additional 5,153 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of Community Trust Bancorp by 0.5% in the second quarter. AQR Capital Management LLC now owns 140,460 shares of the financial services provider’s stock worth $7,433,000 after purchasing an additional 648 shares in the last quarter. 60.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Community Trust Bancorp in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $63.50.

Community Trust Bancorp Price Performance

Shares of NASDAQ:CTBI opened at $59.85 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.08. Community Trust Bancorp, Inc. has a 1 year low of $44.60 and a 1 year high of $65.79. The business has a fifty day simple moving average of $61.31 and a 200 day simple moving average of $57.71. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 11.02 and a beta of 0.57.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.08. Community Trust Bancorp had a return on equity of 11.96% and a net margin of 23.95%.The firm had revenue of $74.72 million during the quarter, compared to analysts’ expectations of $73.15 million. As a group, sell-side analysts predict that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Sunday, March 15th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, March 13th. Community Trust Bancorp’s payout ratio is currently 39.04%.

Community Trust Bancorp Profile

Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. As the parent of Community Trust Bank, the company provides a comprehensive range of banking services to individuals, families and businesses throughout eastern Kentucky, southern West Virginia and northeast Tennessee. With origins dating back to the early 20th century, the organization has built a reputation for supporting community development and regional economic growth across the Appalachian region.

The company’s personal banking offerings include checking and savings accounts, consumer installment loans, home equity and mortgage lending, as well as online and mobile banking platforms.