UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 5,929 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 51.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,454 shares of the financial services provider's stock after purchasing an additional 5,929 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.10% of Community Trust Bancorp worth $926,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. US Bancorp DE boosted its stake in Community Trust Bancorp by 311.8% during the fourth quarter. US Bancorp DE now owns 560 shares of the financial services provider's stock valued at $30,000 after buying an additional 424 shares in the last quarter. Federated Hermes Inc. purchased a new position in Community Trust Bancorp in the 4th quarter worth about $46,000. New York State Teachers Retirement System purchased a new position in Community Trust Bancorp in the 4th quarter worth about $75,000. Quantbot Technologies LP increased its stake 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 purchasing an additional 553 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Community Trust Bancorp by 317.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,824 shares of the financial services provider's stock worth $97,000 after purchasing an additional 1,387 shares in the last quarter. 60.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Community Trust Bancorp Stock Down 3.1%

NASDAQ CTBI traded down $1.64 during trading on Friday, reaching $50.55. 48,511 shares of the company's stock were exchanged, compared to its average volume of 57,073. Community Trust Bancorp, Inc. has a fifty-two week low of $40.29 and a fifty-two week high of $61.67. The firm has a market capitalization of $915.51 million, a PE ratio of 10.97 and a beta of 0.58. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The company's fifty day simple moving average is $50.14 and its 200-day simple moving average is $52.45.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. The firm had revenue of $66.16 million during the quarter, compared to analyst estimates 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 last year, the company posted $1.04 EPS. Sell-side analysts predict that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Sunday, June 15th will be issued a dividend of $0.47 per share. The ex-dividend date is Friday, June 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.72%. Community Trust Bancorp's dividend payout ratio is 39.25%.

Insider Activity

In other news, Director Franky Minnifield purchased 2,000 shares of Community Trust Bancorp 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 acquisition, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate 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.