Jefferies Financial Group Inc. Purchases Shares of 27,500 Community Trust Bancorp, Inc. $CTBI

Jefferies Financial Group Inc. purchased a new stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 27,500 shares of the financial services provider’s stock, valued at approximately $1,554,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Thrivent Financial for Lutherans raised its position in Community Trust Bancorp by 0.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 55,617 shares of the financial services provider’s stock worth $3,143,000 after acquiring an additional 163 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of Community Trust Bancorp by 7.6% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 2,958 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 208 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Community Trust Bancorp by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,122 shares of the financial services provider’s stock worth $459,000 after acquiring an additional 381 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of Community Trust Bancorp by 6.8% during the 3rd quarter. Prospera Financial Services Inc now owns 6,983 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 447 shares during the last quarter. Finally, Assetmark Inc. purchased a new position in shares of Community Trust Bancorp during the 4th quarter worth $27,000. 60.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CTBI has been the topic of several analyst reports. Weiss Ratings upgraded shares of Community Trust Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 18th. Zacks Research raised Community Trust Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and an average price target of $63.50.

Community Trust Bancorp Stock Performance

Shares of NASDAQ CTBI opened at $66.71 on Thursday. The firm has a fifty day moving average price of $63.91 and a 200-day moving average price of $60.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $1.21 billion, a PE ratio of 11.68 and a beta of 0.55. Community Trust Bancorp, Inc. has a 1 year low of $49.61 and a 1 year high of $68.71.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. The firm had revenue of $74.20 million during the quarter, compared to analysts’ expectations of $73.00 million. Community Trust Bancorp had a net margin of 24.85% and a return on equity of 12.27%. Equities analysts anticipate that Community Trust Bancorp, Inc. will post 6.08 earnings per share for the current fiscal year.

Community Trust Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.2%. Community Trust Bancorp’s dividend payout ratio is 37.13%.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. As the parent of Community Trust Bank, the company provides a comprehensive range of banking services to individuals, families and businesses throughout eastern Kentucky, southern West Virginia and northeast Tennessee. With origins dating back to the early 20th century, the organization has built a reputation for supporting community development and regional economic growth across the Appalachian region.

The company’s personal banking offerings include checking and savings accounts, consumer installment loans, home equity and mortgage lending, as well as online and mobile banking platforms.