Corton Capital Inc. Takes $289,000 Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Corton Capital Inc. bought a new position in Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 5,445 shares of the financial services provider's stock, valued at approximately $289,000.

Other large investors have also recently modified their holdings of the company. Barclays PLC boosted its position in Community Trust Bancorp by 45.8% during the 3rd quarter. Barclays PLC now owns 50,376 shares of the financial services provider's stock valued at $2,502,000 after acquiring an additional 15,832 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Community Trust Bancorp by 9.7% during the third quarter. Franklin Resources Inc. now owns 10,044 shares of the financial services provider's stock valued at $503,000 after purchasing an additional 889 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Community Trust Bancorp by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 95,233 shares of the financial services provider's stock worth $4,729,000 after purchasing an additional 24,622 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Community Trust Bancorp by 95.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 26,620 shares of the financial services provider's stock worth $1,412,000 after purchasing an additional 13,012 shares in the last quarter. Finally, Merit Financial Group LLC grew its position in shares of Community Trust Bancorp by 9.7% in the 4th quarter. Merit Financial Group LLC now owns 5,217 shares of the financial services provider's stock worth $277,000 after buying an additional 462 shares during the period. Institutional investors own 60.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CTBI. Raymond James lowered their price target on shares of Community Trust Bancorp from $60.00 to $58.00 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd. 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.

Community Trust Bancorp Stock Down 0.3 %

Shares of NASDAQ CTBI traded down $0.15 during trading on Friday, reaching $51.17. The company had a trading volume of 37,831 shares, compared to its average volume of 55,976. The business's 50-day moving average is $49.56 and its 200 day moving average is $53.28. 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 stock has a market cap of $926.28 million, a PE ratio of 11.10 and a beta of 0.56. Community Trust Bancorp, Inc. has a 12-month low of $40.19 and a 12-month high of $61.67.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.22 earnings per share for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. The business had revenue of $66.16 million during the quarter, compared to analyst estimates 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 last year, the business earned $1.04 EPS. As a group, equities analysts forecast that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Sunday, June 15th will be given a $0.47 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.88 annualized dividend and a yield of 3.67%. Community Trust Bancorp's dividend payout ratio (DPR) is presently 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.