Renaissance Technologies LLC Has $7.84 Million Stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Renaissance Technologies LLC decreased its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 147,916 shares of the financial services provider's stock after selling 8,866 shares during the quarter. Renaissance Technologies LLC owned approximately 0.82% of Community Trust Bancorp worth $7,844,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. US Bancorp DE grew its holdings 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 worth $30,000 after acquiring an additional 424 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Community Trust Bancorp during the fourth quarter valued at approximately $46,000. New York State Teachers Retirement System acquired a new stake in shares of Community Trust Bancorp in the fourth quarter valued at approximately $75,000. Quantbot Technologies LP raised its position 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 during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Community Trust Bancorp during the 4th quarter worth $202,000. Institutional investors own 60.20% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CTBI. Piper Sandler decreased their price target on Community Trust Bancorp from $60.00 to $56.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Raymond James dropped their target price on shares of Community Trust Bancorp from $60.00 to $58.00 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd.

Community Trust Bancorp Stock Up 1.9 %

Shares of NASDAQ CTBI traded up $0.90 during mid-day trading on Wednesday, hitting $49.42. The company had a trading volume of 8,466 shares, compared to its average volume of 55,389. Community Trust Bancorp, Inc. has a one year low of $40.19 and a one year high of $61.67. The company has a market capitalization of $894.60 million, a PE ratio of 10.72 and a beta of 0.55. 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 firm has a 50-day simple moving average of $50.77 and a two-hundred day simple moving average of $53.34.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the business earned $1.04 earnings per share. On average, equities analysts expect that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.80%. Community Trust Bancorp's dividend payout ratio is 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.