Community Trust Bancorp, Inc. (NASDAQ:CTBI) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP decreased its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 19.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,716 shares of the financial services provider's stock after selling 5,659 shares during the quarter. Two Sigma Investments LP owned approximately 0.13% of Community Trust Bancorp worth $1,205,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CTBI. US Bancorp DE grew its holdings in Community Trust Bancorp by 311.8% in the 4th 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 during the period. Federated Hermes Inc. purchased a new stake in Community Trust Bancorp in the 4th quarter valued at about $46,000. New York State Teachers Retirement System purchased a new stake in Community Trust Bancorp in the 4th quarter valued at about $75,000. Quantbot Technologies LP lifted its stake in shares of 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 valued at $97,000 after purchasing an additional 553 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in shares of 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 valued at $97,000 after purchasing an additional 1,387 shares in the last quarter. Hedge funds and other institutional investors own 60.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Piper Sandler reduced their price objective 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. Raymond James reduced their price objective 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.

Community Trust Bancorp Trading Up 2.4%

Shares of NASDAQ CTBI traded up $1.23 during midday trading on Friday, hitting $51.88. The stock had a trading volume of 39,431 shares, compared to its average volume of 56,739. The company has a market capitalization of $939.60 million, a price-to-earnings ratio of 11.25 and a beta of 0.58. 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 fifty day moving average price of $49.68 and a 200 day moving average price of $52.66.

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 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $66.16 million for 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 in the previous year, the company posted $1.04 EPS. On average, analysts predict that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current year.

Community Trust Bancorp Announces Dividend

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 dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.62%. The ex-dividend date of this dividend is Friday, June 13th. Community Trust Bancorp's dividend payout ratio (DPR) is presently 39.25%.

Insider Buying and Selling

In related news, Director Franky Minnifield purchased 2,000 shares of Community Trust Bancorp stock in a transaction that occurred on Monday, June 2nd. The shares were purchased at an average cost of $51.01 per share, with a total value of $102,020.00. Following the transaction, the director now owns 17,099 shares of the company's stock, valued at approximately $872,219.99. The trade was a 13.25% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 4.30% of the stock is currently 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.