Community Trust Bancorp, Inc. (NASDAQ:CTBI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 9.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,676 shares of the financial services provider’s stock after selling 832 shares during the quarter. Victory Capital Management Inc.’s holdings in Community Trust Bancorp were worth $381,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CTBI. Dimensional Fund Advisors LP boosted its holdings in Community Trust Bancorp by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,171,419 shares of the financial services provider’s stock valued at $51,142,000 after purchasing an additional 12,707 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Community Trust Bancorp by 1.2% in the first quarter. Vanguard Group Inc. now owns 894,527 shares of the financial services provider’s stock valued at $38,152,000 after purchasing an additional 11,043 shares in the last quarter. Clifford Capital Partners LLC boosted its holdings in Community Trust Bancorp by 7.8% in the second quarter. Clifford Capital Partners LLC now owns 324,515 shares of the financial services provider’s stock valued at $14,168,000 after purchasing an additional 23,564 shares in the last quarter. American Century Companies Inc. boosted its holdings in Community Trust Bancorp by 20.5% in the second quarter. American Century Companies Inc. now owns 274,759 shares of the financial services provider’s stock valued at $11,996,000 after purchasing an additional 46,745 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Community Trust Bancorp by 37.8% in the second quarter. AQR Capital Management LLC now owns 188,707 shares of the financial services provider’s stock valued at $8,239,000 after purchasing an additional 51,765 shares in the last quarter. 60.20% of the stock is owned by institutional investors and hedge funds.

Community Trust Bancorp Price Performance

Shares of NASDAQ CTBI opened at $58.98 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. Community Trust Bancorp, Inc. has a twelve month low of $38.44 and a twelve month high of $61.67. The stock has a 50 day moving average of $53.39 and a two-hundred day moving average of $48.36. The stock has a market cap of $1.07 billion, a P/E ratio of 13.40 and a beta of 0.63.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.08. Community Trust Bancorp had a return on equity of 10.93% and a net margin of 21.64%. The company had revenue of $95.38 million during the quarter, compared to analysts’ expectations of $62.00 million. On average, research analysts forecast that Community Trust Bancorp, Inc. will post 4.56 earnings per share for the current year.

Community Trust Bancorp Announces Dividend

The company 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 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Friday, December 13th. Community Trust Bancorp’s dividend payout ratio is currently 42.73%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Raymond James raised Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a report on Friday, October 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $64.00 price target on shares of Community Trust Bancorp in a report on Friday, November 8th.

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.