LSV Asset Management Boosts Stock Position in Community Trust Bancorp, Inc. $CTBI

LSV Asset Management boosted its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 280,380 shares of the financial services provider’s stock after acquiring an additional 36,300 shares during the quarter. LSV Asset Management’s holdings in Community Trust Bancorp were worth $15,841,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CTBI. Millennium Management LLC boosted its holdings in Community Trust Bancorp by 116.4% during the 1st quarter. Millennium Management LLC now owns 100,651 shares of the financial services provider’s stock valued at $5,069,000 after acquiring an additional 54,130 shares during the period. American Century Companies Inc. raised its position in Community Trust Bancorp by 10.1% during the 3rd quarter. American Century Companies Inc. now owns 452,995 shares of the financial services provider’s stock valued at $25,345,000 after purchasing an additional 41,551 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Community Trust Bancorp in the 4th quarter worth $1,892,000. SG Americas Securities LLC raised its position in shares of Community Trust Bancorp by 462.8% in the 4th quarter. SG Americas Securities LLC now owns 36,957 shares of the financial services provider’s stock worth $2,088,000 after acquiring an additional 30,390 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Community Trust Bancorp by 43.4% in the 3rd quarter. Qube Research & Technologies Ltd now owns 84,468 shares of the financial services provider’s stock worth $4,726,000 after acquiring an additional 25,549 shares in the last quarter. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Price Performance

Shares of CTBI opened at $66.70 on Tuesday. Community Trust Bancorp, Inc. has a 52 week low of $49.61 and a 52 week high of $68.71. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 11.68 and a beta of 0.55. The stock’s 50-day moving average price is $63.58 and its 200-day moving average price is $60.63.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. Community Trust Bancorp had a net margin of 24.85% and a return on equity of 12.27%. The firm had revenue of $74.20 million for the quarter, compared to analysts’ expectations of $73.00 million. On average, sell-side analysts predict that Community Trust Bancorp, Inc. will post 6.08 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, June 15th. Community Trust Bancorp’s dividend payout ratio (DPR) is currently 37.13%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CTBI shares. Zacks Research upgraded Community Trust Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Weiss Ratings upgraded Community Trust Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Strong Buy” and a consensus price target of $63.50.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. As the parent of Community Trust Bank, the company provides a comprehensive range of banking services to individuals, families and businesses throughout eastern Kentucky, southern West Virginia and northeast Tennessee. With origins dating back to the early 20th century, the organization has built a reputation for supporting community development and regional economic growth across the Appalachian region.

The company’s personal banking offerings include checking and savings accounts, consumer installment loans, home equity and mortgage lending, as well as online and mobile banking platforms.