Barclays PLC Purchases 15,832 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Barclays PLC lifted its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 45.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,376 shares of the financial services provider’s stock after purchasing an additional 15,832 shares during the quarter. Barclays PLC owned 0.28% of Community Trust Bancorp worth $2,502,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CTBI. Dimensional Fund Advisors LP boosted its stake 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 worth $51,142,000 after buying an additional 12,707 shares in the last quarter. Clifford Capital Partners LLC raised its position in Community Trust Bancorp by 7.8% in the 2nd quarter. Clifford Capital Partners LLC now owns 324,515 shares of the financial services provider’s stock worth $14,168,000 after purchasing an additional 23,564 shares during the period. American Century Companies Inc. lifted its stake 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 worth $11,996,000 after purchasing an additional 46,745 shares during the last quarter. AQR Capital Management LLC boosted its position in Community Trust Bancorp by 37.8% during 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 buying an additional 51,765 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Community Trust Bancorp by 0.3% during the second quarter. Renaissance Technologies LLC now owns 143,382 shares of the financial services provider’s stock valued at $6,260,000 after buying an additional 500 shares during the last quarter. 60.20% of the stock is currently owned by institutional investors.

Community Trust Bancorp Trading Up 0.7 %

CTBI opened at $54.57 on Thursday. Community Trust Bancorp, Inc. has a one year low of $38.44 and a one year high of $61.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50 day simple moving average of $56.34 and a two-hundred day simple moving average of $50.21. The firm has a market capitalization of $985.43 million, a price-to-earnings ratio of 12.40 and a beta of 0.66.

Community Trust Bancorp (NASDAQ:CTBI) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.23 EPS for the quarter, beating 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 return on equity of 10.93% and a net margin of 21.64%. Analysts predict that Community Trust Bancorp, Inc. will post 4.56 EPS for the current year.

Community Trust Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Sunday, December 15th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Friday, December 13th. Community Trust Bancorp’s dividend payout ratio is currently 42.73%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CTBI shares. Piper Sandler restated an “overweight” rating and set a $64.00 target price on shares of Community Trust Bancorp in a report on Friday, November 8th. Raymond James upgraded shares of Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Friday, October 18th.

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.