Rhumbline Advisers Boosts Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Rhumbline Advisers grew its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,719 shares of the financial services provider’s stock after buying an additional 1,232 shares during the quarter. Rhumbline Advisers owned 0.14% of Community Trust Bancorp worth $1,311,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CTBI. Creative Planning purchased a new position in Community Trust Bancorp in the 3rd quarter valued at about $498,000. Aptus Capital Advisors LLC purchased a new position in Community Trust Bancorp in the third quarter valued at about $608,000. Empowered Funds LLC grew its stake in Community Trust Bancorp by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 64,440 shares of the financial services provider’s stock valued at $3,200,000 after purchasing an additional 3,216 shares in the last quarter. Coastline Trust Co purchased a new stake in Community Trust Bancorp during the 3rd quarter worth approximately $79,000. Finally, Thrivent Financial for Lutherans raised its position in shares of Community Trust Bancorp by 23.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 80,948 shares of the financial services provider’s stock valued at $4,020,000 after purchasing an additional 15,619 shares in the last quarter. 60.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler reaffirmed an “overweight” rating and set a $64.00 price target on shares of Community Trust Bancorp in a research report on Friday, November 8th.

Community Trust Bancorp Stock Performance

CTBI stock opened at $52.47 on Thursday. The stock’s 50 day simple moving average is $53.81 and its 200 day simple moving average is $53.24. Community Trust Bancorp, Inc. has a 12-month low of $38.53 and a 12-month high of $61.67. The firm has a market cap of $947.50 million, a P/E ratio of 11.38 and a beta of 0.67. 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 (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. During the same period in the prior year, the company posted $1.04 EPS. As a group, equities research analysts predict that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date of this dividend is Friday, March 14th. Community Trust Bancorp’s payout ratio is 40.78%.

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.