Calton & Associates Inc. Purchases Shares of 9,613 Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Calton & Associates Inc. acquired a new position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the fourth quarter, Holdings Channel reports. The fund acquired 9,613 shares of the financial services provider’s stock, valued at approximately $510,000.

A number of other large investors also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in Community Trust Bancorp in the 3rd quarter valued at about $63,000. Coastline Trust Co bought a new position in shares of Community Trust Bancorp in the third quarter valued at approximately $79,000. CWM LLC increased its position in shares of Community Trust Bancorp by 12.2% during the third quarter. CWM LLC now owns 2,918 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 317 shares during the last quarter. SG Americas Securities LLC bought a new stake in Community Trust Bancorp during the third quarter worth $209,000. Finally, BNP Paribas Financial Markets lifted its holdings in Community Trust Bancorp by 33.7% during the third quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider’s stock worth $213,000 after acquiring an additional 1,079 shares during the period. 60.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CTBI. Piper Sandler reaffirmed an “overweight” rating and set a $64.00 target price on shares of Community Trust Bancorp in a research report on Friday, November 8th. Raymond James upgraded shares of Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a report on Friday, October 18th.

Community Trust Bancorp Price Performance

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

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

Community Trust Bancorp Announces Dividend

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

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.