SG Americas Securities LLC Grows Stock Holdings in Community Trust Bancorp, Inc. $CTBI

SG Americas Securities LLC grew its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 462.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,957 shares of the financial services provider’s stock after acquiring an additional 30,390 shares during the period. SG Americas Securities LLC owned 0.20% of Community Trust Bancorp worth $2,088,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CTBI. American Century Companies Inc. raised its stake in shares of Community Trust Bancorp by 10.1% during the 3rd quarter. American Century Companies Inc. now owns 452,995 shares of the financial services provider’s stock valued at $25,345,000 after purchasing an additional 41,551 shares during the period. Hillsdale Investment Management Inc. boosted its stake in Community Trust Bancorp by 24.8% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 124,669 shares of the financial services provider’s stock worth $6,975,000 after purchasing an additional 24,800 shares during the period. JPMorgan Chase & Co. grew its holdings in Community Trust Bancorp by 24.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 92,224 shares of the financial services provider’s stock valued at $5,160,000 after buying an additional 18,387 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Community Trust Bancorp by 26.9% during the third quarter. Wedge Capital Management L L P NC now owns 54,369 shares of the financial services provider’s stock valued at $3,042,000 after buying an additional 11,522 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Community Trust Bancorp by 4,516.1% during the third quarter. GAMMA Investing LLC now owns 4,016 shares of the financial services provider’s stock valued at $225,000 after buying an additional 3,929 shares during the period. 60.20% of the stock is owned by institutional investors.

Community Trust Bancorp Price Performance

NASDAQ:CTBI opened at $61.76 on Friday. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.37 and a beta of 0.53. Community Trust Bancorp, Inc. has a 52-week low of $44.60 and a 52-week high of $65.79. The stock has a fifty day moving average of $61.39 and a 200 day moving average of $57.94. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.92 and a current ratio of 0.92.

Community Trust Bancorp (NASDAQ:CTBI) last announced its earnings results on Wednesday, January 21st. The financial services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.08. The business had revenue of $74.72 million for the quarter, compared to analyst estimates of $73.15 million. Community Trust Bancorp had a return on equity of 11.96% and a net margin of 23.95%. On average, research analysts expect that Community Trust Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Community Trust Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Sunday, March 15th were paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, March 13th. Community Trust Bancorp’s payout ratio is currently 39.04%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Community Trust Bancorp in a research report on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $63.50.

Community Trust Bancorp Company 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.