Assenagon Asset Management S.A. Raises Stock Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Assenagon Asset Management S.A. increased its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 95.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,620 shares of the financial services provider's stock after acquiring an additional 13,012 shares during the quarter. Assenagon Asset Management S.A. owned about 0.15% of Community Trust Bancorp worth $1,412,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its position in shares of Community Trust Bancorp by 23.9% during the third quarter. Thrivent Financial for Lutherans now owns 80,948 shares of the financial services provider's stock worth $4,020,000 after purchasing an additional 15,619 shares in the last quarter. Barclays PLC raised its stake in shares of Community Trust Bancorp by 45.8% during the 3rd quarter. Barclays PLC now owns 50,376 shares of the financial services provider's stock worth $2,502,000 after purchasing an additional 15,832 shares in the last quarter. Creative Planning bought a new position in shares of Community Trust Bancorp in the 3rd quarter valued at about $498,000. Bank of Montreal Can bought a new position in Community Trust Bancorp during the second quarter worth about $764,000. Finally, Clifford Capital Partners LLC increased its position in Community Trust Bancorp by 7.8% during the second quarter. Clifford Capital Partners LLC now owns 324,515 shares of the financial services provider's stock worth $14,168,000 after buying an additional 23,564 shares during the last quarter. Institutional investors and hedge funds own 60.20% of the company's stock.

Community Trust Bancorp Stock Up 0.6 %

Shares of CTBI traded up $0.33 during trading hours on Friday, reaching $53.83. 42,548 shares of the stock traded hands, compared to its average volume of 74,230. The stock has a fifty day simple moving average of $55.52 and a 200 day simple moving average of $51.83. The company has a market cap of $972.06 million, a price-to-earnings ratio of 11.68 and a beta of 0.67. Community Trust Bancorp, Inc. has a 52 week low of $38.44 and a 52 week high of $61.67. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.

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 analysts' consensus estimates 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 business posted $1.04 earnings per share. On average, equities analysts forecast that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Wall Street Analyst Weigh In

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

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.