Calton & Associates Inc. Has $414,000 Stock Holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Calton & Associates Inc. decreased its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,698 shares of the financial services provider’s stock after selling 459 shares during the quarter. Calton & Associates Inc. owned approximately 0.05% of Community Trust Bancorp worth $414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. BTC Capital Management Inc. acquired a new position in Community Trust Bancorp during the first quarter valued at approximately $348,000. Campbell & CO Investment Adviser LLC bought a new position in Community Trust Bancorp in the 4th quarter worth $423,000. Parallel Advisors LLC lifted its position in Community Trust Bancorp by 77.8% during the 4th quarter. Parallel Advisors LLC now owns 704 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 308 shares during the last quarter. Quest Partners LLC bought a new stake in Community Trust Bancorp during the fourth quarter valued at about $151,000. Finally, Heartland Advisors Inc. acquired a new stake in shares of Community Trust Bancorp in the fourth quarter valued at about $2,238,000. Institutional investors own 60.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott began coverage on Community Trust Bancorp in a research note on Wednesday, March 27th. They set a “buy” rating and a $49.00 target price for the company.

Community Trust Bancorp Price Performance

Shares of NASDAQ CTBI traded up $1.70 during midday trading on Friday, reaching $43.66. 226,487 shares of the company traded hands, compared to its average volume of 46,087. Community Trust Bancorp, Inc. has a 12 month low of $33.48 and a 12 month high of $45.74. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s 50-day simple moving average is $42.43 and its 200-day simple moving average is $41.67. The firm has a market cap of $787.19 million, a PE ratio of 10.13 and a beta of 0.66.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.06. The firm had revenue of $59.02 million during the quarter, compared to the consensus estimate of $56.51 million. Community Trust Bancorp had a net margin of 22.64% and a return on equity of 11.36%. As a group, equities analysts anticipate that Community Trust Bancorp, Inc. will post 4.2 earnings per share for the current fiscal year.

Community Trust Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Saturday, June 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date is Friday, June 14th. Community Trust Bancorp’s dividend payout ratio is currently 42.69%.

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.