Quantbot Technologies LP Invests $63,000 in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Quantbot Technologies LP bought a new stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,271 shares of the financial services provider’s stock, valued at approximately $63,000.

A number of other institutional investors have also bought and sold shares of CTBI. Price T Rowe Associates Inc. MD lifted its stake in shares of Community Trust Bancorp by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,484 shares of the financial services provider’s stock valued at $618,000 after purchasing an additional 631 shares during the period. Comerica Bank acquired a new position in Community Trust Bancorp in the first quarter valued at approximately $185,000. CWM LLC lifted its stake in Community Trust Bancorp by 1,932.0% in the second quarter. CWM LLC now owns 2,601 shares of the financial services provider’s stock valued at $114,000 after buying an additional 2,473 shares during the period. Innealta Capital LLC bought a new position in shares of Community Trust Bancorp during the 2nd quarter worth approximately $37,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Community Trust Bancorp during the 2nd quarter worth approximately $337,000. Institutional investors own 60.20% of the company’s stock.

Analysts Set New Price Targets

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

Community Trust Bancorp Trading Down 0.8 %

NASDAQ CTBI opened at $58.40 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09. Community Trust Bancorp, Inc. has a 52 week low of $38.44 and a 52 week high of $61.67. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 13.27 and a beta of 0.66. The business has a 50 day moving average price of $54.43 and a 200-day moving average price of $48.92.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data 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. The company had revenue of $95.38 million during the quarter, compared to the consensus estimate of $62.00 million. Community Trust Bancorp had a net margin of 21.64% and a return on equity of 10.93%. As a group, equities analysts expect that Community Trust Bancorp, Inc. will post 4.56 earnings per share for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th will be given a dividend of $0.47 per share. The ex-dividend date is Friday, December 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.22%. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 42.73%.

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.