Thrivent Financial for Lutherans Buys 15,619 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Thrivent Financial for Lutherans increased its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 23.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,948 shares of the financial services provider's stock after purchasing an additional 15,619 shares during the period. Thrivent Financial for Lutherans owned approximately 0.45% of Community Trust Bancorp worth $4,020,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Innealta Capital LLC bought a new stake in shares of Community Trust Bancorp during the 2nd quarter worth $37,000. Coastline Trust Co bought a new position in shares of Community Trust Bancorp in the third quarter worth about $79,000. CWM LLC lifted its position in shares of Community Trust Bancorp by 1,932.0% during the 2nd quarter. CWM LLC now owns 2,601 shares of the financial services provider's stock worth $114,000 after purchasing an additional 2,473 shares during the last quarter. EMC Capital Management acquired a new position in shares of Community Trust Bancorp during the 1st quarter worth about $119,000. Finally, SG Americas Securities LLC grew its holdings in Community Trust Bancorp by 26.9% in the 1st quarter. SG Americas Securities LLC now owns 3,161 shares of the financial services provider's stock valued at $135,000 after buying an additional 671 shares during the last quarter. 60.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Piper Sandler reiterated an "overweight" rating and set a $64.00 price target on shares of Community Trust Bancorp in a report 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 price target for the company in a report on Friday, October 18th.

Community Trust Bancorp Stock Performance

Shares of CTBI stock traded up $0.39 during mid-day trading on Monday, reaching $60.07. The stock had a trading volume of 54,635 shares, compared to its average volume of 49,867. The firm has a market cap of $1.08 billion, a PE ratio of 13.83 and a beta of 0.63. 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, Inc. has a one year low of $38.44 and a one year high of $61.67. The firm's 50 day simple moving average is $52.45 and its 200 day simple moving average is $47.89.

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, topping analysts' consensus estimates 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 firm had revenue of $95.38 million for the quarter, compared to the consensus estimate of $62.00 million. On average, analysts forecast that Community Trust Bancorp, Inc. will post 4.56 EPS for the current year.

Community Trust Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Sunday, December 15th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Friday, December 13th. Community Trust Bancorp's dividend payout ratio (DPR) is presently 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.