Barclays PLC Purchases 15,832 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Barclays PLC boosted its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 45.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,376 shares of the financial services provider’s stock after purchasing an additional 15,832 shares during the quarter. Barclays PLC’s holdings in Community Trust Bancorp were worth $2,502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its position in shares of Community Trust Bancorp by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,112 shares of the financial services provider’s stock worth $267,000 after buying an additional 234 shares during the period. CWM LLC grew its holdings in Community Trust Bancorp by 12.2% in the third quarter. CWM LLC now owns 2,918 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 317 shares during the period. ClariVest Asset Management LLC increased its stake in shares of Community Trust Bancorp by 2.9% during the second quarter. ClariVest Asset Management LLC now owns 15,913 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 445 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Community Trust Bancorp by 0.3% during the second quarter. Renaissance Technologies LLC now owns 143,382 shares of the financial services provider’s stock valued at $6,260,000 after purchasing an additional 500 shares during the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Community Trust Bancorp in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Analyst Ratings Changes

CTBI has been the subject of a number of analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $64.00 price objective on shares of Community Trust Bancorp in a research report on Friday, November 8th. Raymond James raised Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Friday, October 18th.

Community Trust Bancorp Stock Performance

CTBI stock opened at $54.57 on Thursday. The stock’s 50 day simple moving average is $56.34 and its 200 day simple moving average is $50.21. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. Community Trust Bancorp, Inc. has a 12-month low of $38.44 and a 12-month high of $61.67. The stock has a market capitalization of $985.43 million, a PE ratio of 12.40 and a beta of 0.66.

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

Community Trust Bancorp Dividend Announcement

The business also recently declared 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 is Friday, December 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.45%. Community Trust Bancorp’s dividend payout ratio is presently 42.73%.

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.