SG Americas Securities LLC Buys 1,258 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

SG Americas Securities LLC raised its stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 29.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,469 shares of the financial services provider’s stock after acquiring an additional 1,258 shares during the quarter. SG Americas Securities LLC’s holdings in Community Trust Bancorp were worth $290,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in Community Trust Bancorp by 4.0% during the second quarter. The Manufacturers Life Insurance Company now owns 6,112 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 234 shares during the period. CWM LLC grew its position in shares of Community Trust Bancorp by 12.2% during the 3rd quarter. CWM LLC now owns 2,918 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 317 shares in the last quarter. Merit Financial Group LLC increased its holdings in shares of Community Trust Bancorp by 9.7% during the fourth quarter. Merit Financial Group LLC now owns 5,217 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 462 shares during the period. Franklin Resources Inc. raised its position in shares of Community Trust Bancorp by 9.7% in the third quarter. Franklin Resources Inc. now owns 10,044 shares of the financial services provider’s stock valued at $503,000 after buying an additional 889 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Community Trust Bancorp by 33.7% in the third quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider’s stock valued at $213,000 after buying an additional 1,079 shares in the last quarter. 60.20% of the stock is currently owned by institutional investors and hedge funds.

Community Trust Bancorp Stock Performance

NASDAQ CTBI opened at $56.03 on Thursday. Community Trust Bancorp, Inc. has a 1 year low of $38.44 and a 1 year high of $61.67. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.15 and a beta of 0.67. 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’s 50 day simple moving average is $54.76 and its 200 day simple moving average is $52.31.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.05. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.02%. During the same period last year, the business posted $1.04 EPS. As a group, research analysts expect that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.36%. The ex-dividend date is Friday, March 14th. Community Trust Bancorp’s payout ratio is 40.78%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Piper Sandler restated 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 Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Friday, October 18th.

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.