Community Trust Bancorp, Inc. (NASDAQ:CTBI) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 54.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,155 shares of the financial services provider's stock after selling 11,926 shares during the period. GSA Capital Partners LLP owned about 0.06% of Community Trust Bancorp worth $504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTBI. Innealta Capital LLC acquired a new position in shares of Community Trust Bancorp in the second quarter worth about $37,000. EntryPoint Capital LLC acquired a new position in shares of Community Trust Bancorp in the first quarter worth about $78,000. CWM LLC raised its position in shares of Community Trust Bancorp by 1,932.0% in the second quarter. CWM LLC now owns 2,601 shares of the financial services provider's stock worth $114,000 after acquiring an additional 2,473 shares during the period. EMC Capital Management acquired a new position in shares of Community Trust Bancorp in the first quarter worth about $119,000. Finally, SG Americas Securities LLC increased its stake in shares of 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 purchasing an additional 671 shares in the last quarter. 60.20% of the stock is currently owned by institutional investors and hedge funds.

Community Trust Bancorp Price Performance

NASDAQ CTBI traded down $0.84 during trading hours on Wednesday, hitting $57.68. 44,712 shares of the company's stock traded hands, compared to its average volume of 49,925. Community Trust Bancorp, Inc. has a 52-week low of $38.44 and a 52-week high of $61.60. The company has a market capitalization of $1.04 billion, a PE ratio of 13.11 and a beta of 0.63. 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 firm's 50-day moving average is $52.01 and its 200-day moving average is $47.64.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.23 earnings per share for the quarter, beating 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 business had revenue of $95.38 million during the quarter, compared to analysts' expectations of $62.00 million. Equities analysts forecast that Community Trust Bancorp, Inc. will post 4.56 EPS for the current fiscal year.

Community Trust Bancorp Announces Dividend

The business 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 $0.47 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.26%. Community Trust Bancorp's dividend payout ratio is currently 42.73%.

Analyst Ratings Changes

CTBI has been the subject of a number of research reports. Piper Sandler reissued an "overweight" rating and set a $64.00 target price on shares of Community Trust Bancorp in a research note 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 target price for the company in a research note on Friday, October 18th.

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.