Thrivent Financial for Lutherans Has $4.02 Million Stock Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Thrivent Financial for Lutherans lifted its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 23.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 80,948 shares of the financial services provider’s stock after acquiring an additional 15,619 shares during the period. Thrivent Financial for Lutherans owned approximately 0.45% of Community Trust Bancorp worth $4,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. 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 buying an additional 671 shares during the last quarter. Vanguard Group Inc. grew its holdings in Community Trust Bancorp by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 894,527 shares of the financial services provider’s stock worth $38,152,000 after acquiring an additional 11,043 shares during the period. 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 stake in Community Trust Bancorp during the first quarter worth approximately $185,000. Finally, William Howard & Co Financial Advisors Inc bought a new stake in Community Trust Bancorp in the first quarter worth approximately $663,000. 60.20% of the stock is currently owned by institutional investors.

Community Trust Bancorp Trading Up 1.8 %

NASDAQ CTBI opened at $59.68 on Monday. 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 $61.60. The business has a 50 day moving average price of $52.45 and a 200-day moving average price of $47.86. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 13.56 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 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $95.38 million during the quarter, compared to the consensus estimate of $62.00 million. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th will be paid 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 3.15%. Community Trust Bancorp’s payout ratio is currently 42.73%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CTBI shares. Raymond James upgraded Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a report on Friday, October 18th. Piper Sandler reissued an “overweight” rating and set a $64.00 target price on shares of Community Trust Bancorp in a research note 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.