Clifford Capital Partners LLC Has $14.50 Million Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Clifford Capital Partners LLC lowered its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 10.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 292,055 shares of the financial services provider's stock after selling 32,460 shares during the period. Community Trust Bancorp makes up 2.9% of Clifford Capital Partners LLC's portfolio, making the stock its 22nd biggest position. Clifford Capital Partners LLC owned about 1.62% of Community Trust Bancorp worth $14,503,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. BNP Paribas Financial Markets lifted its position in Community Trust Bancorp by 33.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider's stock worth $213,000 after buying an additional 1,079 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Community Trust Bancorp during the 3rd quarter worth $63,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Community Trust Bancorp by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 125,372 shares of the financial services provider's stock valued at $6,226,000 after purchasing an additional 1,914 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Community Trust Bancorp by 81.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,525 shares of the financial services provider's stock valued at $1,119,000 after purchasing an additional 10,093 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings in Community Trust Bancorp by 99.2% in the third quarter. Quest Partners LLC now owns 10,483 shares of the financial services provider's stock worth $521,000 after purchasing an additional 5,221 shares in the last quarter. Institutional investors and hedge funds own 60.20% of the company's stock.

Community Trust Bancorp Trading Down 1.4 %

Community Trust Bancorp stock opened at $59.21 on Wednesday. The business has a 50 day moving average price of $52.86 and a two-hundred day moving average price of $48.10. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09. Community Trust Bancorp, Inc. has a 12 month low of $38.44 and a 12 month high of $61.67. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 13.46 and a beta of 0.63.

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

Community Trust Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders 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 dividend yield of 3.18%. The ex-dividend date is Friday, December 13th. Community Trust Bancorp's payout ratio is 42.73%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. 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 set 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.

Want to see what other hedge funds are holding CTBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.