Y Intercept Hong Kong Ltd Purchases Shares of 6,023 Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,023 shares of the financial services provider’s stock, valued at approximately $319,000.

Other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its position in Community Trust Bancorp by 23.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 80,948 shares of the financial services provider’s stock valued at $4,020,000 after buying an additional 15,619 shares during the period. Barclays PLC boosted its position in Community Trust Bancorp by 45.8% during the 3rd quarter. Barclays PLC now owns 50,376 shares of the financial services provider’s stock valued at $2,502,000 after buying an additional 15,832 shares during the period. Creative Planning purchased a new stake in Community Trust Bancorp during the 3rd quarter valued at $498,000. JPMorgan Chase & Co. boosted its position in Community Trust Bancorp by 34.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,233 shares of the financial services provider’s stock valued at $4,729,000 after buying an additional 24,622 shares during the period. Finally, Merit Financial Group LLC boosted its position in 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 valued at $277,000 after buying an additional 462 shares during the period. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Up 0.2 %

Shares of NASDAQ CTBI opened at $54.68 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. Community Trust Bancorp, Inc. has a 12 month low of $38.53 and a 12 month high of $61.67. The firm has a market capitalization of $987.41 million, a PE ratio of 11.86 and a beta of 0.67. The firm has a fifty day simple moving average of $53.84 and a two-hundred day simple moving average of $53.15.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.25 EPS for the quarter, topping the consensus estimate 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 last year, the firm posted $1.04 earnings per share. Equities analysts expect that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current year.

Community Trust Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be issued a $0.47 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.88 annualized dividend and a yield of 3.44%. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 40.78%.

Wall Street Analyst Weigh In

Separately, Piper Sandler reissued an “overweight” rating and set a $64.00 price target on shares of Community Trust Bancorp in a research report on Friday, November 8th.

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.