Aptus Capital Advisors LLC Invests $608,000 in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Aptus Capital Advisors LLC acquired a new position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 12,237 shares of the financial services provider's stock, valued at approximately $608,000. Aptus Capital Advisors LLC owned approximately 0.07% of Community Trust Bancorp at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in Community Trust Bancorp by 86.9% in the 1st quarter. BNP Paribas Financial Markets now owns 7,691 shares of the financial services provider's stock valued at $328,000 after acquiring an additional 3,577 shares during the last quarter. SG Americas Securities LLC lifted its position in Community Trust Bancorp by 26.9% during the first quarter. SG Americas Securities LLC now owns 3,161 shares of the financial services provider's stock worth $135,000 after buying an additional 671 shares in the last quarter. Vanguard Group Inc. boosted its stake in Community Trust Bancorp by 1.2% during the first quarter. Vanguard Group Inc. now owns 894,527 shares of the financial services provider's stock worth $38,152,000 after buying an additional 11,043 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Community Trust Bancorp in the 1st quarter valued at $78,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Community Trust Bancorp by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,484 shares of the financial services provider's stock worth $618,000 after acquiring an additional 631 shares during the last quarter. Institutional investors and hedge funds own 60.20% of the company's stock.

Community Trust Bancorp Trading Down 0.6 %

Shares of Community Trust Bancorp stock traded down $0.33 during trading hours on Friday, hitting $59.04. The company's stock had a trading volume of 50,645 shares, compared to its average volume of 49,962. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 13.42 and a beta of 0.63. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.90. Community Trust Bancorp, Inc. has a twelve month low of $38.44 and a twelve month high of $61.60. The firm has a fifty day moving average of $51.39 and a 200-day moving average of $47.32.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.08. Community Trust Bancorp had a net margin of 21.64% and a return on equity of 10.93%. The company had revenue of $95.38 million during the quarter, compared to analyst estimates of $62.00 million. Research analysts forecast that Community Trust Bancorp, Inc. will post 4.56 EPS for the current year.

Community Trust Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Sunday, December 15th will be issued a $0.47 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.88 annualized dividend and a yield of 3.18%. Community Trust Bancorp's dividend payout ratio (DPR) is presently 42.73%.

Analyst Upgrades and Downgrades

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

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.