Empowered Funds LLC Decreases Holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Empowered Funds LLC lowered its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 7.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,443 shares of the financial services provider's stock after selling 4,997 shares during the quarter. Empowered Funds LLC owned 0.33% of Community Trust Bancorp worth $3,152,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its stake in 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 during the last quarter. Barclays PLC grew its stake in Community Trust Bancorp by 45.8% during the third quarter. Barclays PLC now owns 50,376 shares of the financial services provider's stock worth $2,502,000 after buying an additional 15,832 shares during the last quarter. Creative Planning bought a new stake in Community Trust Bancorp during the third quarter worth about $498,000. JPMorgan Chase & Co. grew its stake in Community Trust Bancorp by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 95,233 shares of the financial services provider's stock worth $4,729,000 after buying an additional 24,622 shares during the last quarter. Finally, Merit Financial Group LLC increased its holdings in shares of Community Trust Bancorp by 9.7% in the fourth quarter. Merit Financial Group LLC now owns 5,217 shares of the financial services provider's stock valued at $277,000 after purchasing an additional 462 shares in the last quarter. Institutional investors own 60.20% of the company's stock.

Community Trust Bancorp Trading Down 0.3 %

CTBI stock traded down $0.18 during midday trading on Monday, reaching $55.50. The company's stock had a trading volume of 29,206 shares, compared to its average volume of 75,713. The business's 50-day simple moving average is $54.28 and its 200-day simple moving average is $52.61. The stock has a market cap of $1.00 billion, a PE ratio of 12.04 and a beta of 0.67. Community Trust Bancorp, Inc. has a 52 week low of $38.53 and a 52 week high of $61.67. 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 (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 net margin of 22.02% and a return on equity of 11.36%. During the same quarter in the previous year, the business earned $1.04 EPS. As a group, sell-side analysts expect that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.88 annualized dividend and a dividend yield of 3.39%. Community Trust Bancorp's dividend payout ratio is presently 40.78%.

Analyst Ratings Changes

Separately, Piper Sandler reissued an "overweight" rating and issued a $64.00 price target on shares of Community Trust Bancorp in a report on Friday, November 8th.

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.