Two Sigma Investments LP Has $1.21 Million Stock Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

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

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Aptus Capital Advisors LLC increased its stake in shares of Community Trust Bancorp by 1.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 12,456 shares of the financial services provider's stock valued at $666,000 after buying an additional 219 shares during the period. LPL Financial LLC boosted its position in shares of Community Trust Bancorp by 6.6% in the 4th quarter. LPL Financial LLC now owns 4,964 shares of the financial services provider's stock worth $263,000 after purchasing an additional 307 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Community Trust Bancorp by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,741 shares of the financial services provider's stock worth $464,000 after purchasing an additional 323 shares during the last quarter. US Bancorp DE boosted its position in shares of Community Trust Bancorp by 311.8% in the 4th quarter. US Bancorp DE now owns 560 shares of the financial services provider's stock worth $30,000 after purchasing an additional 424 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Community Trust Bancorp by 5.0% in the 4th quarter. MetLife Investment Management LLC now owns 9,236 shares of the financial services provider's stock worth $490,000 after purchasing an additional 439 shares during the last quarter. 60.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on CTBI shares. Raymond James reduced their price target on Community Trust Bancorp from $60.00 to $58.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. Piper Sandler reduced 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.

Insiders Place Their Bets

In other news, Director Franky Minnifield purchased 2,000 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were bought at an average cost of $51.01 per share, for a total transaction of $102,020.00. Following the completion of the acquisition, the director now directly owns 17,099 shares in the company, valued at approximately $872,219.99. This trade represents a 13.25% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.30% of the company's stock.

Community Trust Bancorp Trading Up 2.4%

CTBI stock traded up $1.23 during midday trading on Friday, hitting $51.88. 39,431 shares of the company's stock were exchanged, compared to its average volume of 56,739. The stock's fifty day moving average price is $49.68 and its 200-day moving average price is $52.71. 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 market cap of $939.60 million, a PE ratio of 11.25 and a beta of 0.58. Community Trust Bancorp, Inc. has a one year low of $40.19 and a one year high of $61.67.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. The firm 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 earnings per share. Research analysts predict that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Sunday, June 15th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.88 annualized dividend and a yield of 3.62%. Community Trust Bancorp's dividend payout ratio is presently 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.