Cwm LLC Has $145,000 Holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Cwm LLC increased its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 12.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,918 shares of the financial services provider’s stock after purchasing an additional 317 shares during the quarter. Cwm LLC’s holdings in Community Trust Bancorp were worth $145,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CTBI. Innealta Capital LLC bought a new stake in shares of Community Trust Bancorp during the 2nd quarter worth approximately $37,000. EntryPoint Capital LLC acquired a new stake in Community Trust Bancorp in the first quarter valued at $78,000. EMC Capital Management bought a new position in shares of Community Trust Bancorp in the 1st quarter valued at about $119,000. SG Americas Securities LLC grew its position in shares of Community Trust Bancorp by 26.9% in the 1st quarter. SG Americas Securities LLC now owns 3,161 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 671 shares during the period. Finally, Comerica Bank acquired a new position in shares of Community Trust Bancorp during the 1st quarter worth about $185,000. Institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Trading Down 0.4 %

Shares of Community Trust Bancorp stock opened at $52.07 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The business has a fifty day simple moving average of $49.28 and a two-hundred day simple moving average of $45.69. Community Trust Bancorp, Inc. has a 1 year low of $36.14 and a 1 year high of $53.50. The company has a market capitalization of $939.86 million, a price-to-earnings ratio of 11.83 and a beta of 0.64.

Community Trust Bancorp (NASDAQ:CTBI) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.08. Community Trust Bancorp had a net margin of 21.64% and a return on equity of 11.13%. The company had revenue of $95.38 million during the quarter, compared to analysts’ expectations of $62.00 million. Research analysts forecast that Community Trust Bancorp, Inc. will post 4.55 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Sunday, December 15th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.61%. The ex-dividend date is Friday, December 13th. Community Trust Bancorp’s dividend payout ratio (DPR) is 42.73%.

Wall Street Analyst Weigh In

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

Community Trust Bancorp Company 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.