Los Angeles Capital Management LLC Sells 600 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Los Angeles Capital Management LLC decreased its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 7.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,115 shares of the financial services provider’s stock after selling 600 shares during the period. Los Angeles Capital Management LLC’s holdings in Community Trust Bancorp were worth $353,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of CTBI. BNP Paribas Financial Markets boosted its stake in shares of Community Trust Bancorp by 86.9% during the 1st quarter. BNP Paribas Financial Markets now owns 7,691 shares of the financial services provider’s stock valued at $328,000 after purchasing an additional 3,577 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of Community Trust Bancorp by 26.9% during the 1st quarter. SG Americas Securities LLC now owns 3,161 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 671 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Community Trust Bancorp by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 894,527 shares of the financial services provider’s stock valued at $38,152,000 after purchasing an additional 11,043 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Community Trust Bancorp during the first quarter worth about $78,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in Community Trust Bancorp by 4.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,484 shares of the financial services provider’s stock worth $618,000 after acquiring an additional 631 shares in the last quarter. Institutional investors own 60.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Piper Sandler reissued an “overweight” rating and set a $64.00 price objective on shares of Community Trust Bancorp in a research note on Friday, November 8th. Raymond James raised shares of Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research note on Friday, October 18th.

Community Trust Bancorp Trading Down 0.6 %

Shares of NASDAQ CTBI opened at $59.04 on Monday. The firm’s 50 day moving average price is $51.39 and its 200-day moving average price is $47.36. The company has a market cap of $1.07 billion, a PE ratio of 13.42 and a beta of 0.63. Community Trust Bancorp, Inc. has a 52-week low of $38.44 and a 52-week high of $61.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.90.

Community Trust Bancorp (NASDAQ:CTBI) last issued its earnings results on Wednesday, October 16th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.08. The firm had revenue of $95.38 million for the quarter, compared to the consensus estimate of $62.00 million. Community Trust Bancorp had a net margin of 21.64% and a return on equity of 10.93%. On average, equities research analysts expect that Community Trust Bancorp, Inc. will post 4.56 EPS for the current fiscal year.

Community Trust Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.18%. Community Trust Bancorp’s dividend payout ratio is presently 42.73%.

Community Trust Bancorp Profile

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.