9,880 Shares in Community Trust Bancorp, Inc. (NASDAQ:CTBI) Acquired by Virtus Investment Advisers Inc.

Virtus Investment Advisers Inc. bought a new stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,880 shares of the financial services provider's stock, valued at approximately $524,000. Virtus Investment Advisers Inc. owned approximately 0.05% of Community Trust Bancorp at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Barclays PLC boosted its holdings in Community Trust Bancorp by 45.8% during the third quarter. Barclays PLC now owns 50,376 shares of the financial services provider's stock worth $2,502,000 after buying an additional 15,832 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Community Trust Bancorp by 9.7% in the 3rd quarter. Franklin Resources Inc. now owns 10,044 shares of the financial services provider's stock worth $503,000 after purchasing an additional 889 shares during the period. 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 valued at $1,412,000 after buying an additional 13,012 shares during the period. Merit Financial Group LLC increased its position in shares of Community Trust Bancorp by 9.7% in the fourth quarter. Merit Financial Group LLC now owns 5,217 shares of the financial services provider's stock worth $277,000 after acquiring an additional 462 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of Community Trust Bancorp by 29.9% during the fourth quarter. SG Americas Securities LLC now owns 5,469 shares of the financial services provider's stock worth $290,000 after purchasing an additional 1,258 shares in the last quarter. Institutional investors and hedge funds own 60.20% of the company's stock.

Community Trust Bancorp Stock Down 0.9%

CTBI opened at $52.65 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $953.54 million, a PE ratio of 11.42 and a beta of 0.56. Community Trust Bancorp, Inc. has a fifty-two week low of $40.19 and a fifty-two week high of $61.67. The business has a 50-day moving average of $49.67 and a 200-day moving average of $53.32.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The company had revenue of $66.16 million for 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 quarter in the previous year, the firm posted $1.04 EPS. Equities research analysts forecast that Community Trust Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Sunday, June 15th will be paid a $0.47 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.88 dividend on an annualized basis and a yield of 3.57%. Community Trust Bancorp's payout ratio is 39.25%.

Analysts Set New Price Targets

CTBI has been the subject of several recent analyst reports. Piper Sandler lowered their target price on Community Trust Bancorp from $60.00 to $56.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Raymond James cut their price target on Community Trust Bancorp from $60.00 to $58.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd.

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.

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