Community Trust & Investment Co. Has $100.30 Million Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Community Trust & Investment Co. reduced its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,891,357 shares of the financial services provider's stock after selling 30,022 shares during the period. Community Trust Bancorp comprises 6.2% of Community Trust & Investment Co.'s portfolio, making the stock its largest position. Community Trust & Investment Co. owned 10.47% of Community Trust Bancorp worth $100,299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans grew 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 buying an additional 15,619 shares in the last quarter. Barclays PLC grew its holdings in 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 acquiring an additional 15,832 shares in the last quarter. Creative Planning bought a new stake in shares of Community Trust Bancorp in the 3rd quarter worth about $498,000. Bank of Montreal Can acquired a new stake in shares of Community Trust Bancorp in the 2nd quarter valued at about $764,000. Finally, Clifford Capital Partners LLC grew its stake in Community Trust Bancorp by 7.8% in the second quarter. Clifford Capital Partners LLC now owns 324,515 shares of the financial services provider's stock worth $14,168,000 after purchasing an additional 23,564 shares in the last quarter. 60.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Community Trust Bancorp Stock Performance

CTBI traded up $1.22 on Wednesday, hitting $53.99. 88,800 shares of the company's stock were exchanged, compared to its average volume of 79,844. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The stock has a fifty day moving average of $56.41 and a two-hundred day moving average of $51.34. Community Trust Bancorp, Inc. has a twelve month low of $38.44 and a twelve month high of $61.67. The firm has a market cap of $974.95 million, a PE ratio of 12.27 and a beta of 0.67.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.20 by $0.05. Community Trust Bancorp had a return on equity of 10.93% and a net margin of 21.64%. During the same quarter in the previous year, the business posted $1.04 EPS. On average, research analysts anticipate that Community Trust Bancorp, Inc. will post 4.56 earnings per share for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.48%. 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.