1,600 Shares in Community Trust Bancorp, Inc. (NASDAQ:CTBI) Acquired by Coastline Trust Co

Coastline Trust Co purchased a new position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) in the third quarter, HoldingsChannel reports. The firm purchased 1,600 shares of the financial services provider’s stock, valued at approximately $79,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in shares of Community Trust Bancorp in the 2nd quarter valued at approximately $37,000. EntryPoint Capital LLC purchased a new position in Community Trust Bancorp during the 1st quarter valued at about $78,000. CWM LLC grew its position in Community Trust Bancorp by 1,932.0% in the 2nd quarter. CWM LLC now owns 2,601 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 2,473 shares in the last quarter. EMC Capital Management purchased a new stake in Community Trust Bancorp during the first quarter worth about $119,000. Finally, SG Americas Securities LLC increased its stake in Community Trust Bancorp by 26.9% during the first quarter. SG Americas Securities LLC now owns 3,161 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 671 shares during the period. 60.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CTBI shares. Raymond James raised shares of Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Friday, October 18th. Piper Sandler reiterated an “overweight” rating and issued a $64.00 price objective on shares of Community Trust Bancorp in a research note on Friday, November 8th.

Community Trust Bancorp Trading Down 0.6 %

NASDAQ:CTBI opened at $59.04 on Friday. The company has a quick ratio of 0.88, 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 stock’s 50 day moving average price is $51.39 and its 200 day moving average price is $47.32. The company has a market capitalization of $1.07 billion, a PE ratio of 13.42 and a beta of 0.63.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.15 by $0.08. The firm 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, research analysts anticipate that Community Trust Bancorp, Inc. will post 4.56 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Sunday, December 15th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.18%. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 42.73%.

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.