EMC Capital Management Decreases Stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

EMC Capital Management lessened its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 55.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,790 shares of the financial services provider’s stock after selling 3,437 shares during the period. EMC Capital Management’s holdings in Community Trust Bancorp were worth $148,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans grew its position in shares of Community Trust Bancorp by 23.9% in the third 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. Barclays PLC boosted its stake in Community Trust Bancorp by 45.8% during the third quarter. Barclays PLC now owns 50,376 shares of the financial services provider’s stock worth $2,502,000 after buying an additional 15,832 shares during the last quarter. Creative Planning purchased a new stake in Community Trust Bancorp in the 3rd quarter valued at $498,000. Bank of Montreal Can acquired a new stake in shares of Community Trust Bancorp in the 2nd quarter worth $764,000. Finally, Merit Financial Group LLC raised its holdings in shares of Community Trust Bancorp by 9.7% during the 4th quarter. Merit Financial Group LLC now owns 5,217 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 462 shares during the period. Institutional investors and hedge funds own 60.20% of the company’s stock.

Community Trust Bancorp Stock Performance

NASDAQ CTBI opened at $53.72 on Friday. The stock has a fifty day simple moving average of $55.17 and a 200-day simple moving average of $52.12. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The stock has a market cap of $970.18 million, a PE ratio of 11.65 and a beta of 0.67. Community Trust Bancorp, Inc. has a twelve month low of $38.44 and a twelve month high of $61.67.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share 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 quarter in the previous year, the firm earned $1.04 earnings per share. Equities analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current year.

Community Trust Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Friday, March 14th. Community Trust Bancorp’s dividend payout ratio (DPR) is 40.78%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CTBI shares. 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 raised shares of 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 note 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.