Los Angeles Capital Management LLC Has $250,000 Position in Community Trust Bancorp, Inc. $CTBI

Los Angeles Capital Management LLC lessened its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 17.1% during the 2nd quarter, Holdings Channel reports. The firm owned 4,715 shares of the financial services provider’s stock after selling 970 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Community Trust Bancorp were worth $250,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Prospera Financial Services Inc bought a new position in Community Trust Bancorp during the 2nd quarter valued at about $346,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Community Trust Bancorp during the second quarter worth approximately $387,000. D.A. Davidson & CO. acquired a new stake in shares of Community Trust Bancorp during the second quarter worth approximately $326,000. Equitable Trust Co. raised its stake in shares of Community Trust Bancorp by 3.4% in the second quarter. Equitable Trust Co. now owns 5,930 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 193 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Community Trust Bancorp by 13.5% in the 2nd quarter. CWM LLC now owns 3,990 shares of the financial services provider’s stock worth $211,000 after acquiring an additional 474 shares in the last quarter. Institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Up 0.3%

NASDAQ:CTBI opened at $54.32 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.08. Community Trust Bancorp, Inc. has a 12-month low of $44.60 and a 12-month high of $61.67. The stock’s fifty day simple moving average is $54.48 and its 200-day simple moving average is $54.10. The firm has a market capitalization of $984.06 million, a P/E ratio of 10.51 and a beta of 0.60.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings results on Wednesday, October 15th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.06). The firm had revenue of $71.50 million during the quarter, compared to analyst estimates of $71.85 million. Community Trust Bancorp had a net margin of 23.24% and a return on equity of 11.91%. Equities research analysts expect that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current year.

Community Trust Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 15th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, December 15th. Community Trust Bancorp’s payout ratio is 41.01%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Piper Sandler assumed coverage on Community Trust Bancorp in a research note on Monday, August 18th. They issued an “overweight” rating and a $66.00 price objective on the stock. Raymond James Financial set a $61.00 price target on shares of Community Trust Bancorp in a research report on Wednesday, October 15th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Community Trust Bancorp in a research report on Thursday, October 30th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $63.50.

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.