State Street Corp Has $24.08 Million Stock Holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

State Street Corp reduced its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBIFree Report) by 0.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 480,273 shares of the financial services provider’s stock after selling 2,344 shares during the period. State Street Corp’s holdings in Community Trust Bancorp were worth $24,076,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thoroughbred Financial Services LLC bought a new stake in shares of Community Trust Bancorp in the 2nd quarter valued at $2,891,000. Thrivent Financial for Lutherans increased its holdings 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 worth $4,020,000 after acquiring an additional 15,619 shares in the last quarter. Creative Planning acquired a new stake in shares of Community Trust Bancorp during the third quarter worth about $498,000. Bank of Montreal Can bought a new position in shares of Community Trust Bancorp during the 2nd quarter valued at about $764,000. Finally, Clifford Capital Partners LLC grew its position in shares of Community Trust Bancorp by 7.8% in the 2nd quarter. Clifford Capital Partners LLC now owns 324,515 shares of the financial services provider’s stock valued at $14,168,000 after purchasing an additional 23,564 shares during the period. 60.20% of the stock is owned by institutional investors.

Community Trust Bancorp Stock Performance

Shares of CTBI opened at $54.39 on Monday. The company has a market cap of $982.17 million, a PE ratio of 12.36 and a beta of 0.66. The firm has a 50-day moving average of $56.18 and a 200-day moving average of $50.03. Community Trust Bancorp, Inc. has a one year low of $38.44 and a one year high of $61.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90.

Community Trust Bancorp (NASDAQ:CTBIGet Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.08. Community Trust Bancorp had a return on equity of 10.93% and a net margin of 21.64%. The business had revenue of $95.38 million for the quarter, compared to analysts’ expectations of $62.00 million. As a group, equities analysts forecast that Community Trust Bancorp, Inc. will post 4.56 earnings per share for the current year.

Community Trust Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Sunday, December 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 3.46%. The ex-dividend date is Friday, December 13th. Community Trust Bancorp’s dividend payout ratio is presently 42.73%.

Wall Street Analysts Forecast Growth

CTBI has been the subject of several research analyst reports. Raymond James upgraded 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 report on Friday, October 18th. Piper Sandler reiterated an “overweight” rating and set a $64.00 target price on shares of Community Trust Bancorp in a report on Friday, November 8th.

Get Our Latest Research Report on CTBI

About Community Trust Bancorp

(Free Report)

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.

Read More

Want to see what other hedge funds are holding CTBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Community Trust Bancorp, Inc. (NASDAQ:CTBIFree Report).

Institutional Ownership by Quarter for Community Trust Bancorp (NASDAQ:CTBI)

Receive News & Ratings for Community Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.