10,022 Shares in Community Trust Bancorp, Inc. (NASDAQ:CTBI) Acquired by Creative Planning

Creative Planning bought a new stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,022 shares of the financial services provider's stock, valued at approximately $498,000. Creative Planning owned about 0.06% of Community Trust Bancorp as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Community Trust Bancorp by 1.1% in the 2nd 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. boosted its stake in shares of Community Trust Bancorp by 1.2% during the 1st 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 boosted its stake in shares of Community Trust Bancorp by 7.8% during the 2nd quarter. Clifford Capital Partners LLC now owns 324,515 shares of the financial services provider's stock valued at $14,168,000 after purchasing an additional 23,564 shares in the last quarter. LSV Asset Management boosted its stake in shares of Community Trust Bancorp by 9.0% during the 1st quarter. LSV Asset Management now owns 290,157 shares of the financial services provider's stock valued at $12,375,000 after purchasing an additional 23,890 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of 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 valued at $11,996,000 after purchasing an additional 46,745 shares in the last quarter. Institutional investors own 60.20% of the company's stock.

Wall Street Analyst Weigh In

Separately, Raymond James raised shares of Community Trust Bancorp from a "market perform" rating to an "outperform" rating and set a $60.00 target price on the stock in a research note on Friday, October 18th.

Community Trust Bancorp Stock Up 15.4 %

NASDAQ CTBI traded up $8.11 during trading hours on Wednesday, reaching $60.90. 153,784 shares of the company's stock traded hands, compared to its average volume of 49,258. The firm has a market cap of $1.10 billion, a PE ratio of 13.64 and a beta of 0.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. Community Trust Bancorp, Inc. has a 52-week low of $38.43 and a 52-week high of $61.20. The firm has a 50-day simple moving average of $49.86 and a 200 day simple moving average of $46.42.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.08. Community Trust Bancorp had a return on equity of 11.13% and a net margin of 21.64%. The firm had revenue of $95.38 million for the quarter, compared to analysts' expectations of $62.00 million. Sell-side analysts anticipate that Community Trust Bancorp, Inc. will post 4.55 EPS for the current fiscal year.

Community Trust Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th will be given a $0.47 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.09%. 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.