Calton & Associates Inc. Acquires 6,150 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Calton & Associates Inc. lifted its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 64.0% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,763 shares of the financial services provider's stock after purchasing an additional 6,150 shares during the period. Calton & Associates Inc. owned about 0.09% of Community Trust Bancorp worth $794,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CTBI. Federated Hermes Inc. bought a new position in shares of Community Trust Bancorp during the 4th quarter valued at approximately $46,000. Quantbot Technologies LP lifted 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 worth $97,000 after buying an additional 553 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Community Trust Bancorp by 317.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,824 shares of the financial services provider's stock worth $97,000 after buying an additional 1,387 shares during the last quarter. Aquatic Capital Management LLC lifted its position in Community Trust Bancorp by 207.1% in the fourth quarter. Aquatic Capital Management LLC now owns 2,457 shares of the financial services provider's stock worth $130,000 after buying an additional 1,657 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Community Trust Bancorp by 3,898.5% during the first quarter. GAMMA Investing LLC now owns 2,719 shares of the financial services provider's stock worth $137,000 after purchasing an additional 2,651 shares during the last quarter. Institutional investors own 60.20% of the company's stock.

Community Trust Bancorp Trading Up 0.2%

Community Trust Bancorp stock opened at $56.94 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.09. Community Trust Bancorp, Inc. has a 52 week low of $44.60 and a 52 week high of $61.67. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 11.21 and a beta of 0.58. The stock has a 50-day moving average price of $52.74 and a 200 day moving average price of $51.97.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.11. Community Trust Bancorp had a return on equity of 11.92% and a net margin of 23.33%. The company had revenue of $70.21 million during the quarter, compared to the consensus estimate of $68.00 million. Sell-side analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Sunday, June 15th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend was Friday, June 13th. Community Trust Bancorp's dividend payout ratio (DPR) is presently 37.01%.

Analyst Upgrades and Downgrades

CTBI has been the topic of several research reports. Raymond James Financial restated an "outperform" rating and set a $63.00 price target (up previously from $58.00) on shares of Community Trust Bancorp in a research note on Thursday. Piper Sandler cut their price target on Community Trust Bancorp from $60.00 to $56.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th.

Insider Activity at Community Trust Bancorp

In other Community Trust Bancorp news, Director Franky Minnifield acquired 2,000 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was acquired at an average cost of $51.01 per share, for a total transaction of $102,020.00. Following the completion of the transaction, the director directly owned 17,099 shares of the company's stock, valued at $872,219.99. This represents a 13.25% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.30% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding CTBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.