12,100 Shares in Community Trust Bancorp, Inc. (NASDAQ:CTBI) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,100 shares of the financial services provider's stock, valued at approximately $646,000. KLP Kapitalforvaltning AS owned approximately 0.07% of Community Trust Bancorp as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CTBI. Charles Schwab Investment Management Inc. increased its holdings in Community Trust Bancorp by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 125,372 shares of the financial services provider's stock valued at $6,226,000 after purchasing an additional 1,914 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Community Trust Bancorp in the third quarter worth about $63,000. BNP Paribas Financial Markets grew its stake in shares of Community Trust Bancorp by 33.7% in the third quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider's stock valued at $213,000 after buying an additional 1,079 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Community Trust Bancorp during the 3rd quarter valued at about $282,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in Community Trust Bancorp during the 3rd quarter worth approximately $786,000. Hedge funds and other institutional investors own 60.20% of the company's stock.

Community Trust Bancorp Stock Down 1.6 %

Shares of NASDAQ:CTBI traded down $0.77 during trading on Friday, hitting $46.61. The company's stock had a trading volume of 86,682 shares, compared to its average volume of 54,307. Community Trust Bancorp, Inc. has a fifty-two week low of $39.28 and a fifty-two week high of $61.67. The stock's 50-day moving average price is $52.98 and its two-hundred day moving average price is $53.56. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $843.73 million, a PE ratio of 10.11 and a beta of 0.55.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.05. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.02%. During the same period last year, the business posted $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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend was Friday, March 14th. Community Trust Bancorp's dividend payout ratio is currently 40.78%.

Analyst Ratings Changes

Separately, Raymond James decreased their target price on shares of Community Trust Bancorp from $60.00 to $58.00 and set an "outperform" rating for the company in a research note on Wednesday.

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.