Community Trust & Investment Co. Has $111.05 Million Holdings in Community Trust Bancorp, Inc. $CTBI

Community Trust & Investment Co. decreased its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,965,547 shares of the financial services provider’s stock after selling 9,247 shares during the quarter. Community Trust Bancorp makes up about 5.9% of Community Trust & Investment Co.’s holdings, making the stock its 4th biggest position. Community Trust & Investment Co. owned approximately 0.11% of Community Trust Bancorp worth $111,053,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CTBI. SG Americas Securities LLC lifted its stake in shares of Community Trust Bancorp by 462.8% in the 4th quarter. SG Americas Securities LLC now owns 36,957 shares of the financial services provider’s stock valued at $2,088,000 after purchasing an additional 30,390 shares during the last quarter. JPMorgan Chase & Co. increased its position in Community Trust Bancorp by 24.9% during the third quarter. JPMorgan Chase & Co. now owns 92,224 shares of the financial services provider’s stock worth $5,160,000 after buying an additional 18,387 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Community Trust Bancorp by 1.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 48,285 shares of the financial services provider’s stock worth $2,702,000 after buying an additional 712 shares during the last quarter. Virtus Advisers LLC bought a new position in Community Trust Bancorp during the third quarter valued at about $142,000. Finally, Voleon Capital Management LP bought a new position in Community Trust Bancorp during the third quarter valued at about $217,000. Institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Trading Up 2.2%

NASDAQ:CTBI opened at $59.85 on Tuesday. The company’s 50 day moving average is $61.31 and its 200-day moving average is $57.71. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.08. Community Trust Bancorp, Inc. has a 12 month low of $44.60 and a 12 month high of $65.79. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 11.02 and a beta of 0.57.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.08. Community Trust Bancorp had a net margin of 23.95% and a return on equity of 11.96%. The business had revenue of $74.72 million during the quarter, compared to the consensus estimate of $73.15 million. Equities analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Sunday, March 15th will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a yield of 3.5%. Community Trust Bancorp’s payout ratio is currently 39.04%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Community Trust Bancorp in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Community Trust Bancorp currently has an average rating of “Buy” and an average price target of $63.50.

About Community Trust Bancorp

Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. As the parent of Community Trust Bank, the company provides a comprehensive range of banking services to individuals, families and businesses throughout eastern Kentucky, southern West Virginia and northeast Tennessee. With origins dating back to the early 20th century, the organization has built a reputation for supporting community development and regional economic growth across the Appalachian region.

The company’s personal banking offerings include checking and savings accounts, consumer installment loans, home equity and mortgage lending, as well as online and mobile banking platforms.