SG Americas Securities LLC Invests $209,000 in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

SG Americas Securities LLC bought a new position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,211 shares of the financial services provider’s stock, valued at approximately $209,000.

Several other large investors also recently made changes to their positions in CTBI. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Community Trust Bancorp by 12.8% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,015 shares of the financial services provider’s stock worth $512,000 after purchasing an additional 1,367 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Community Trust Bancorp by 86.9% during the first quarter. BNP Paribas Financial Markets now owns 7,691 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 3,577 shares during the last quarter. LSV Asset Management lifted its stake in shares of Community Trust Bancorp by 9.0% during the first quarter. LSV Asset Management now owns 290,157 shares of the financial services provider’s stock valued at $12,375,000 after acquiring an additional 23,890 shares during the period. Empowered Funds LLC lifted its stake in shares of Community Trust Bancorp by 8.0% during the first quarter. Empowered Funds LLC now owns 56,904 shares of the financial services provider’s stock valued at $2,427,000 after acquiring an additional 4,200 shares during the period. Finally, Heartland Advisors Inc. lifted its stake in shares of Community Trust Bancorp by 216.9% during the first quarter. Heartland Advisors Inc. now owns 161,700 shares of the financial services provider’s stock valued at $6,897,000 after acquiring an additional 110,681 shares during the period. Institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Trading Up 1.2 %

Shares of CTBI opened at $51.85 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.09. Community Trust Bancorp, Inc. has a 12-month low of $36.00 and a 12-month high of $53.50. The firm has a market capitalization of $935.89 million, a PE ratio of 11.78 and a beta of 0.64. The stock’s fifty day simple moving average is $49.05 and its 200-day simple moving average is $45.60.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.08. Community Trust Bancorp had a return on equity of 11.13% and a net margin of 21.64%. The business had revenue of $95.38 million for the quarter, compared to analyst estimates of $62.00 million. As a group, research analysts predict that Community Trust Bancorp, Inc. will post 4.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Raymond James raised Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Friday, October 18th.

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.