7,363 Shares in Community Trust Bancorp, Inc. (NASDAQ:CTBI) Bought by XTX Topco Ltd

XTX Topco Ltd bought a new stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,363 shares of the financial services provider's stock, valued at approximately $390,000.

A number of other hedge funds also recently bought and sold shares of CTBI. US Bancorp DE increased its stake in shares of Community Trust Bancorp by 311.8% during the 4th quarter. US Bancorp DE now owns 560 shares of the financial services provider's stock worth $30,000 after purchasing an additional 424 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Community Trust Bancorp in the 4th quarter worth approximately $46,000. New York State Teachers Retirement System acquired a new position in shares of Community Trust Bancorp in the 4th quarter worth approximately $75,000. Quantbot Technologies LP boosted its position in Community Trust Bancorp by 43.5% in the fourth quarter. Quantbot Technologies LP now owns 1,824 shares of the financial services provider's stock valued at $97,000 after buying an additional 553 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in Community Trust Bancorp during the 4th quarter worth about $202,000. 60.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CTBI. Piper Sandler lowered their target price on shares of Community Trust Bancorp from $60.00 to $56.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. 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, April 2nd.

Community Trust Bancorp Stock Down 1.0 %

CTBI stock traded down $0.50 during mid-day trading on Friday, reaching $48.82. 38,691 shares of the company traded hands, compared to its average volume of 55,593. Community Trust Bancorp, Inc. has a fifty-two week low of $40.19 and a fifty-two 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. The firm's 50 day moving average price is $50.39 and its 200 day moving average price is $53.32. The stock has a market cap of $883.74 million, a price-to-earnings ratio of 10.59 and a beta of 0.55.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. The business had revenue of $66.16 million during the quarter, compared to the consensus estimate of $64.92 million. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. During the same period in the prior year, the firm posted $1.04 EPS. As a group, equities research analysts predict that Community Trust Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Sunday, June 15th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Friday, June 13th. Community Trust Bancorp's dividend payout ratio (DPR) is currently 39.25%.

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.