7,363 Shares in Community Trust Bancorp, Inc. (NASDAQ:CTBI) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,363 shares of the financial services provider's stock, valued at approximately $390,000.

A number of other institutional investors have also modified their holdings of the business. LPL Financial LLC grew its position in shares of Community Trust Bancorp by 6.6% during the 4th quarter. LPL Financial LLC now owns 4,964 shares of the financial services provider's stock valued at $263,000 after buying an additional 307 shares during the last quarter. US Bancorp DE increased its stake in shares of Community Trust Bancorp by 311.8% in the fourth quarter. US Bancorp DE now owns 560 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 424 shares during the period. Sterling Capital Management LLC increased its stake in shares of Community Trust Bancorp by 5.6% in the fourth quarter. Sterling Capital Management LLC now owns 8,343 shares of the financial services provider's stock valued at $442,000 after purchasing an additional 440 shares during the period. Merit Financial Group LLC increased its stake in shares of Community Trust Bancorp by 9.7% in the fourth quarter. Merit Financial Group LLC now owns 5,217 shares of the financial services provider's stock valued at $277,000 after purchasing an additional 462 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of Community Trust Bancorp by 43.5% in the fourth 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 during the period. Institutional investors own 60.20% of the company's stock.

Community Trust Bancorp Price Performance

Shares of Community Trust Bancorp stock traded up $0.28 on Monday, hitting $49.10. The company had a trading volume of 52,354 shares, compared to its average volume of 55,676. The business has a 50-day simple moving average of $50.26 and a 200-day simple moving average of $53.39. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $888.81 million, a PE ratio of 10.65 and a beta of 0.55. Community Trust Bancorp, Inc. has a 52 week low of $40.19 and a 52 week high of $61.67.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $66.16 million during the quarter, compared to analysts' expectations of $64.92 million. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. During the same period last year, the firm posted $1.04 earnings per share. Research analysts expect that Community Trust Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Sunday, June 15th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Friday, June 13th. Community Trust Bancorp's dividend payout ratio (DPR) is presently 39.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CTBI shares. Raymond James dropped their price target on shares of 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 dropped their price target on shares of 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.

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.