Community Trust Bancorp, Inc. (NASDAQ:CTBI) Shares Bought by Community Trust & Investment Co.

Community Trust & Investment Co. lifted its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 1.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,920,934 shares of the financial services provider's stock after acquiring an additional 29,577 shares during the quarter. Community Trust Bancorp comprises about 6.2% of Community Trust & Investment Co.'s investment portfolio, making the stock its biggest holding. Community Trust & Investment Co. owned 10.61% of Community Trust Bancorp worth $96,738,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Community Trust Bancorp by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,208,065 shares of the financial services provider's stock worth $64,064,000 after buying an additional 21,008 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Community Trust Bancorp by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 374,544 shares of the financial services provider's stock valued at $19,866,000 after buying an additional 1,386 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Community Trust Bancorp by 11.4% during the 4th quarter. American Century Companies Inc. now owns 350,755 shares of the financial services provider's stock worth $18,601,000 after purchasing an additional 35,777 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Community Trust Bancorp by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 126,276 shares of the financial services provider's stock worth $6,696,000 after buying an additional 904 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Community Trust Bancorp by 25.2% in the 4th quarter. JPMorgan Chase & Co. now owns 119,197 shares of the financial services provider's stock valued at $6,321,000 after acquiring an additional 23,964 shares in the last quarter. 60.20% of the stock is currently owned by institutional investors and hedge funds.

Community Trust Bancorp Price Performance

Shares of CTBI traded down $0.47 on Monday, hitting $50.08. The company's stock had a trading volume of 53,164 shares, compared to its average volume of 57,057. The company has a market capitalization of $907.00 million, a PE ratio of 10.86 and a beta of 0.58. Community Trust Bancorp, Inc. has a fifty-two week low of $40.29 and a fifty-two week high of $61.67. The company has a 50 day moving average price of $50.14 and a 200 day moving average price of $52.41. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.22 earnings per share (EPS) 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 analysts' expectations of $64.92 million. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.02%. During the same period in the previous year, the business posted $1.04 earnings per share. On average, research analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Sunday, June 15th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.75%. Community Trust Bancorp's dividend payout ratio (DPR) is currently 39.25%.

Insider Transactions at Community Trust Bancorp

In other Community Trust Bancorp news, Director Franky Minnifield purchased 2,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was bought at an average price of $51.01 per share, for a total transaction of $102,020.00. Following the transaction, the director now directly owns 17,099 shares in the company, valued at $872,219.99. This represents a 13.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 4.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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