Empowered Funds LLC Increases Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Empowered Funds LLC boosted its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 5.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,440 shares of the financial services provider’s stock after purchasing an additional 3,216 shares during the period. Empowered Funds LLC’s holdings in Community Trust Bancorp were worth $3,200,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CTBI. BNP Paribas Financial Markets grew its position in shares of Community Trust Bancorp by 86.9% during the first quarter. BNP Paribas Financial Markets now owns 7,691 shares of the financial services provider’s stock worth $328,000 after buying an additional 3,577 shares in the last quarter. SG Americas Securities LLC grew its holdings in Community Trust Bancorp by 26.9% during the 1st quarter. SG Americas Securities LLC now owns 3,161 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 671 shares in 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 in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Community Trust Bancorp in the 1st quarter worth about $78,000. Finally, Price T Rowe Associates Inc. MD raised 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 in the last quarter. Institutional investors and hedge funds own 60.20% of the company’s stock.

Community Trust Bancorp Trading Down 0.9 %

Community Trust Bancorp stock opened at $58.53 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.90. Community Trust Bancorp, Inc. has a 1 year low of $38.44 and a 1 year high of $61.60. The firm’s 50-day moving average is $51.39 and its 200-day moving average is $47.36. The company has a market cap of $1.06 billion, a P/E ratio of 13.30 and a beta of 0.63.

Community Trust Bancorp (NASDAQ:CTBI) last issued 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%. On average, equities analysts expect that Community Trust Bancorp, Inc. will post 4.56 earnings per share for the current year.

Community Trust Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Sunday, December 15th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.88 dividend on an annualized basis and a yield of 3.21%. Community Trust Bancorp’s payout ratio is currently 42.73%.

Wall Street Analyst Weigh In

CTBI has been the subject of several research analyst reports. Piper Sandler reissued an “overweight” rating and issued a $64.00 price objective on shares of Community Trust Bancorp in a report on Friday, November 8th. Raymond James upgraded Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research report on Friday, October 18th.

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.