Community Trust Bancorp, Inc. (NASDAQ:CTBI) Stock Holdings Decreased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC decreased its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 42,640 shares of the financial services provider’s stock after selling 2,102 shares during the period. Brandywine Global Investment Management LLC’s holdings in Community Trust Bancorp were worth $2,261,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Community Trust Bancorp by 25.2% during the fourth quarter. JPMorgan Chase & Co. now owns 119,197 shares of the financial services provider’s stock valued at $6,321,000 after buying an additional 23,964 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Community Trust Bancorp during the 4th quarter valued at approximately $202,000. LPL Financial LLC lifted its stake in Community Trust Bancorp by 6.6% during the fourth quarter. LPL Financial LLC now owns 4,964 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 307 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Community Trust Bancorp in the fourth quarter worth $646,000. Finally, Hillsdale Investment Management Inc. bought a new stake in Community Trust Bancorp during the fourth quarter valued at $3,732,000. 60.20% of the stock is currently owned by institutional investors and hedge funds.

Community Trust Bancorp Stock Performance

CTBI stock opened at $50.45 on Thursday. The company has a market capitalization of $913.25 million, a P/E ratio of 10.94 and a beta of 0.62. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09. Community Trust Bancorp, Inc. has a fifty-two week low of $39.28 and a fifty-two week high of $61.67. The company has a 50-day simple moving average of $53.25 and a 200 day simple moving average of $53.57.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.25 EPS for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm posted $1.04 EPS. Sell-side analysts predict that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date was Friday, March 14th. Community Trust Bancorp’s payout ratio is 40.78%.

Analyst Ratings Changes

Separately, Raymond James lowered their price objective on shares of Community Trust Bancorp from $60.00 to $58.00 and set an “outperform” rating for the company in a research report on Wednesday.

Community Trust Bancorp Company 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.