Connor Clark & Lunn Investment Management Ltd. Has $1.12 Million Stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 81.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,525 shares of the financial services provider's stock after acquiring an additional 10,093 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of Community Trust Bancorp worth $1,119,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in shares of Community Trust Bancorp by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,171,419 shares of the financial services provider's stock worth $51,142,000 after acquiring an additional 12,707 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Community Trust Bancorp by 1.2% in the first quarter. Vanguard Group Inc. now owns 894,527 shares of the financial services provider's stock valued at $38,152,000 after purchasing an additional 11,043 shares in the last quarter. Clifford Capital Partners LLC raised its position in Community Trust Bancorp by 7.8% in the 2nd 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 during the last quarter. American Century Companies Inc. lifted its holdings in Community Trust Bancorp by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 274,759 shares of the financial services provider's stock worth $11,996,000 after buying an additional 46,745 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Community Trust Bancorp by 37.8% in the 2nd quarter. AQR Capital Management LLC now owns 188,707 shares of the financial services provider's stock valued at $8,239,000 after buying an additional 51,765 shares during the period. 60.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CTBI has been the topic of several research reports. Piper Sandler reaffirmed an "overweight" rating and set a $64.00 price target on shares of Community Trust Bancorp in a research note on Friday, November 8th. Raymond James upgraded shares of Community Trust Bancorp from a "market perform" rating to an "outperform" rating and set a $60.00 price target for the company in a research report on Friday, October 18th.

Community Trust Bancorp Trading Down 0.5 %

NASDAQ:CTBI traded down $0.28 during mid-day trading on Thursday, hitting $58.93. The company had a trading volume of 48,832 shares, compared to its average volume of 49,788. The firm has a market cap of $1.06 billion, a P/E ratio of 13.39 and a beta of 0.63. Community Trust Bancorp, Inc. has a fifty-two week low of $38.44 and a fifty-two week high of $61.67. The business's fifty day moving average is $53.04 and its two-hundred day moving average is $48.18. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.23 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $62.00 million. As a group, research analysts expect that Community Trust Bancorp, Inc. will post 4.56 earnings per share 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. Investors of record on Sunday, December 15th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Friday, December 13th. Community Trust Bancorp's payout ratio is presently 42.73%.

Community Trust Bancorp Company 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.