Community Trust Bancorp, Inc. (NASDAQ:CTBI) Shares Bought by Deutsche Bank AG

Deutsche Bank AG lifted its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 56.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,902 shares of the financial services provider's stock after purchasing an additional 5,720 shares during the quarter. Deutsche Bank AG owned about 0.09% of Community Trust Bancorp worth $843,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CTBI. Barclays PLC boosted its holdings in shares of Community Trust Bancorp by 45.8% in the third quarter. Barclays PLC now owns 50,376 shares of the financial services provider's stock valued at $2,502,000 after purchasing an additional 15,832 shares during the period. SG Americas Securities LLC lifted its holdings in 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 buying an additional 1,258 shares during the period. Calton & Associates Inc. purchased a new stake in Community Trust Bancorp during the fourth quarter worth $510,000. New York State Teachers Retirement System purchased a new stake in Community Trust Bancorp during the fourth quarter worth $75,000. Finally, Rhumbline Advisers lifted its holdings in Community Trust Bancorp by 5.2% during the fourth quarter. Rhumbline Advisers now owns 24,719 shares of the financial services provider's stock worth $1,311,000 after buying an additional 1,232 shares during the period. Institutional investors own 60.20% of the company's stock.

Analyst Ratings Changes

CTBI has been the subject of several analyst reports. Raymond James decreased their price objective on Community Trust Bancorp from $60.00 to $58.00 and set an "outperform" rating for the company in a report 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 report on Thursday, April 17th.

Community Trust Bancorp Stock Performance

Shares of NASDAQ CTBI traded down $0.09 during mid-day trading on Friday, hitting $51.31. The stock had a trading volume of 36,297 shares, compared to its average volume of 56,579. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50 day moving average of $49.68 and a two-hundred day moving average of $52.97. Community Trust Bancorp, Inc. has a twelve month low of $40.19 and a twelve month high of $61.67. The firm has a market cap of $929.28 million, a PE ratio of 11.13 and a beta of 0.56.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last released its earnings results on Wednesday, April 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.02%. The firm had revenue of $66.16 million for the quarter, compared to the consensus estimate of $64.92 million. During the same period in the prior year, the firm earned $1.04 EPS. Research analysts predict that Community Trust Bancorp, Inc. will post 5.06 EPS 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. Shareholders of record on Sunday, June 15th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.66%. The ex-dividend date is Friday, June 13th. Community Trust Bancorp's dividend payout ratio is currently 39.25%.

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.