Calton & Associates Inc. Purchases New Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Calton & Associates Inc. purchased a new stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,613 shares of the financial services provider's stock, valued at approximately $510,000. Calton & Associates Inc. owned approximately 0.05% of Community Trust Bancorp at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC bought a new stake in shares of Community Trust Bancorp in the second quarter worth $264,000. Bank of Montreal Can bought a new stake in shares of Community Trust Bancorp in the 2nd quarter valued at about $764,000. AQR Capital Management LLC grew its position in shares of 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 last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Community Trust Bancorp by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,112 shares of the financial services provider's stock valued at $267,000 after buying an additional 234 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Community Trust Bancorp during the third quarter worth about $209,000. 60.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on CTBI. Raymond James upgraded Community Trust Bancorp from a "market perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a report on Friday, October 18th. Piper Sandler reaffirmed an "overweight" rating and issued a $64.00 price objective on shares of Community Trust Bancorp in a research note on Friday, November 8th.

Community Trust Bancorp Trading Up 2.8 %

Shares of NASDAQ:CTBI traded up $1.50 during midday trading on Tuesday, reaching $54.43. The company's stock had a trading volume of 70,394 shares, compared to its average volume of 75,594. Community Trust Bancorp, Inc. has a fifty-two week low of $38.44 and a fifty-two week 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 firm has a 50 day moving average price of $54.90 and a two-hundred day moving average price of $52.24. The firm has a market capitalization of $982.92 million, a price-to-earnings ratio of 11.81 and a beta of 0.67.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.05. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. During the same period last year, the company posted $1.04 earnings per share. As a group, analysts forecast that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current year.

Community Trust Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Friday, March 14th. Community Trust Bancorp's dividend payout ratio (DPR) is currently 40.78%.

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.