Community Trust Bancorp, Inc. (NASDAQ:CTBI) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. grew its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,683 shares of the financial services provider’s stock after buying an additional 782 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.25% of Community Trust Bancorp worth $2,423,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. US Bancorp DE lifted its position in shares of Community Trust Bancorp by 311.8% during the 4th quarter. US Bancorp DE now owns 560 shares of the financial services provider’s stock valued at $30,000 after buying an additional 424 shares in the last quarter. Federated Hermes Inc. acquired a new position in Community Trust Bancorp during the fourth quarter worth $46,000. New York State Teachers Retirement System purchased a new position in Community Trust Bancorp during the fourth quarter valued at $75,000. Quantbot Technologies LP grew its position in shares of Community Trust Bancorp by 43.5% in the fourth quarter. Quantbot Technologies LP now owns 1,824 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 553 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Community Trust Bancorp by 317.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,824 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 1,387 shares in the last quarter. 60.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CTBI. Raymond James decreased their price target on shares of Community Trust Bancorp from $60.00 to $58.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 2nd. Piper Sandler reduced their target price on Community Trust Bancorp from $60.00 to $56.00 and set an “overweight” rating for the company in a report on Thursday, April 17th.

Community Trust Bancorp Trading Up 0.9%

Shares of CTBI stock opened at $53.14 on Friday. Community Trust Bancorp, Inc. has a fifty-two week low of $40.19 and a fifty-two week high of $61.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s fifty day moving average is $49.63 and its two-hundred day moving average is $53.30. The firm has a market capitalization of $961.94 million, a P/E ratio of 11.53 and a beta of 0.56.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings data on Wednesday, April 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. The company had revenue of $66.16 million during the quarter, compared to analysts’ expectations of $64.92 million. During the same quarter in the prior year, the company earned $1.04 EPS. 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Sunday, June 15th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Friday, June 13th. Community Trust Bancorp’s payout ratio is currently 39.25%.

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.