Community Trust Bancorp, Inc. (NASDAQ:CTBI) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC increased its stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 8.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,904 shares of the financial services provider’s stock after purchasing an additional 4,200 shares during the quarter. Empowered Funds LLC’s holdings in Community Trust Bancorp were worth $2,427,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. raised its position in Community Trust Bancorp by 12.4% in the third quarter. American Century Companies Inc. now owns 152,823 shares of the financial services provider’s stock worth $5,236,000 after acquiring an additional 16,907 shares in the last quarter. SG Americas Securities LLC bought a new stake in Community Trust Bancorp in the fourth quarter worth about $109,000. Assenagon Asset Management S.A. raised its position in Community Trust Bancorp by 118.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 65,844 shares of the financial services provider’s stock worth $2,888,000 after acquiring an additional 35,765 shares in the last quarter. Chatham Capital Group Inc. bought a new stake in Community Trust Bancorp in the fourth quarter worth about $234,000. Finally, Equitable Trust Co. raised its position in Community Trust Bancorp by 7.2% in the fourth quarter. Equitable Trust Co. now owns 9,680 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 647 shares in the last quarter. Institutional investors and hedge funds own 60.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott assumed coverage on shares of Community Trust Bancorp in a research report on Wednesday, March 27th. They issued a “buy” rating and a $49.00 price target on the stock.

Community Trust Bancorp Price Performance

NASDAQ CTBI opened at $44.90 on Monday. The stock’s 50-day moving average price is $42.49 and its two-hundred day moving average price is $41.58. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.10. The company has a market cap of $809.55 million, a PE ratio of 10.42 and a beta of 0.66. Community Trust Bancorp, Inc. has a 1 year low of $33.48 and a 1 year high of $45.74.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.06. The firm had revenue of $59.02 million for the quarter, compared to the consensus estimate of $56.51 million. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.64%. On average, analysts predict that Community Trust Bancorp, Inc. will post 4.18 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Saturday, June 15th were issued a $0.46 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.10%. Community Trust Bancorp’s dividend payout ratio is 42.69%.

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.