Community Trust Bancorp, Inc. (NASDAQ:CTBI) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 34.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,823 shares of the financial services provider's stock after selling 57,608 shares during the period. Ameriprise Financial Inc. owned about 0.62% of Community Trust Bancorp worth $5,930,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. US Bancorp DE boosted its position in Community Trust Bancorp by 311.8% during the 4th quarter. US Bancorp DE now owns 560 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 424 shares in the last quarter. Federated Hermes Inc. purchased a new position in Community Trust Bancorp in the 4th quarter worth approximately $46,000. New York State Teachers Retirement System purchased a new position in Community Trust Bancorp in the 4th quarter worth approximately $75,000. Quantbot Technologies LP raised its holdings in Community Trust Bancorp by 43.5% in the 4th quarter. Quantbot Technologies LP now owns 1,824 shares of the financial services provider's stock worth $97,000 after acquiring an additional 553 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of 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 acquiring an additional 1,387 shares during the period. Hedge funds and other institutional investors own 60.20% of the company's stock.

Community Trust Bancorp Price Performance

CTBI stock traded up $0.39 during trading on Thursday, reaching $51.40. The company's stock had a trading volume of 36,908 shares, compared to its average volume of 56,549. Community Trust Bancorp, Inc. has a 1 year low of $40.19 and a 1 year high of $61.67. 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 company has a market capitalization of $930.91 million, a P/E ratio of 11.15 and a beta of 0.56. The company's fifty day moving average is $49.68 and its 200-day moving average is $53.07.

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 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. The business had revenue of $66.16 million during the quarter, compared to the consensus estimate of $64.92 million. During the same quarter in the prior year, the firm earned $1.04 EPS. On average, research analysts expect that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The business also recently declared 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 is Friday, June 13th. This represents a $1.88 annualized dividend and a yield of 3.66%. Community Trust Bancorp's dividend payout ratio is currently 39.25%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CTBI shares. Piper Sandler reduced their price objective 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 for the company in a research note on Wednesday, April 2nd.

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.