Polymer Capital Management US LLC Invests $227,000 in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Polymer Capital Management US LLC purchased a new stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) in the 4th quarter, Holdings Channel.com reports. The firm purchased 4,279 shares of the financial services provider’s stock, valued at approximately $227,000.

Several other large investors also recently bought and sold shares of the business. LPL Financial LLC increased its position in shares of Community Trust Bancorp by 6.6% during the 4th quarter. LPL Financial LLC now owns 4,964 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 307 shares during the last quarter. US Bancorp DE boosted its stake in shares of Community Trust Bancorp by 311.8% during the fourth quarter. US Bancorp DE now owns 560 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 424 shares during the period. Merit Financial Group LLC boosted its stake 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 valued at $277,000 after purchasing an additional 462 shares during the period. Quantbot Technologies LP increased its stake in Community Trust Bancorp by 43.5% in the 4th quarter. Quantbot Technologies LP now owns 1,824 shares of the financial services provider’s stock worth $97,000 after buying an additional 553 shares during the period. Finally, Federated Hermes Inc. bought a new stake in Community Trust Bancorp during the 4th quarter valued at about $46,000. Institutional investors own 60.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Raymond James reduced their target price on shares of Community Trust Bancorp from $60.00 to $58.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd.

Community Trust Bancorp Price Performance

CTBI opened at $46.40 on Wednesday. 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 business’s fifty day simple moving average is $52.52 and its 200-day simple moving average is $53.46. The company has a market capitalization of $839.93 million, a price-to-earnings ratio of 10.07 and a beta of 0.55. Community Trust Bancorp, Inc. has a 12-month low of $39.28 and a 12-month high of $61.67.

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

Community Trust Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.88 dividend on an annualized basis and a yield of 4.05%. Community Trust Bancorp’s dividend payout ratio is currently 40.78%.

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.