SG Americas Securities LLC Purchases 1,258 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

SG Americas Securities LLC lifted its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 29.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,469 shares of the financial services provider’s stock after buying an additional 1,258 shares during the period. SG Americas Securities LLC’s holdings in Community Trust Bancorp were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CTBI. Quantbot Technologies LP acquired a new position in Community Trust Bancorp during the 3rd quarter worth approximately $63,000. Coastline Trust Co bought a new stake in shares of Community Trust Bancorp in the third quarter worth $79,000. CWM LLC boosted its holdings in Community Trust Bancorp by 12.2% during the third quarter. CWM LLC now owns 2,918 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 317 shares during the last quarter. BNP Paribas Financial Markets grew its position in Community Trust Bancorp by 33.7% in the third quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 1,079 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Community Trust Bancorp by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,112 shares of the financial services provider’s stock valued at $267,000 after buying an additional 234 shares during the last quarter. 60.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $64.00 target price on shares of Community Trust Bancorp in a research report on Friday, November 8th. 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 research report on Friday, October 18th.

Community Trust Bancorp Stock Performance

Shares of CTBI stock opened at $56.03 on Thursday. The company has a fifty day moving average price of $54.76 and a two-hundred day moving average price of $52.31. Community Trust Bancorp, Inc. has a one year low of $38.44 and a one year high of $61.67. The stock has a market cap of $1.01 billion, a P/E ratio of 12.15 and a beta of 0.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90.

Community Trust Bancorp (NASDAQ:CTBI) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, beating 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 previous year, the business posted $1.04 EPS. As a group, equities analysts predict that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be paid a dividend of $0.47 per share. The ex-dividend date is Friday, March 14th. This represents a $1.88 annualized dividend and a dividend yield of 3.36%. Community Trust Bancorp’s dividend payout ratio is currently 40.78%.

Community Trust Bancorp Company 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.