Barclays PLC Purchases 15,832 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Barclays PLC boosted its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 45.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,376 shares of the financial services provider's stock after buying an additional 15,832 shares during the period. Barclays PLC owned approximately 0.28% of Community Trust Bancorp worth $2,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CTBI. Innealta Capital LLC acquired a new stake in Community Trust Bancorp during the second quarter valued at $37,000. Quantbot Technologies LP bought a new stake in shares of Community Trust Bancorp in the third quarter valued at approximately $63,000. Coastline Trust Co acquired a new stake in shares of Community Trust Bancorp in the third quarter worth $79,000. CWM LLC raised its stake in Community Trust Bancorp by 12.2% during the 3rd quarter. CWM LLC now owns 2,918 shares of the financial services provider's stock valued at $145,000 after purchasing an additional 317 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Community Trust Bancorp in the 3rd quarter worth $209,000. 60.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CTBI has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an "overweight" rating and set a $64.00 price objective on shares of Community Trust Bancorp in a research report on Friday, November 8th. 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.

Community Trust Bancorp Price Performance

Shares of Community Trust Bancorp stock traded down $0.15 during trading on Thursday, hitting $54.42. 21,054 shares of the company's stock traded hands, compared to its average volume of 50,173. Community Trust Bancorp, Inc. has a twelve month low of $38.44 and a twelve month high of $61.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $982.72 million, a PE ratio of 12.37 and a beta of 0.66. The firm's fifty day moving average price is $56.38 and its 200 day moving average price is $50.24.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $62.00 million. Analysts forecast that Community Trust Bancorp, Inc. will post 4.56 earnings per share for the current year.

Community Trust Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Sunday, December 15th will be issued 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, December 13th. Community Trust Bancorp's dividend payout ratio is currently 42.73%.

About Community Trust Bancorp

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.