Tudor Investment Corp ET AL Decreases Position in Community Trust Bancorp, Inc. $CTBI

Tudor Investment Corp ET AL decreased its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 69.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,664 shares of the financial services provider’s stock after selling 12,712 shares during the period. Tudor Investment Corp ET AL’s holdings in Community Trust Bancorp were worth $317,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CTBI. State of Alaska Department of Revenue purchased a new stake in shares of Community Trust Bancorp in the 3rd quarter worth about $40,000. Farther Finance Advisors LLC grew its stake in Community Trust Bancorp by 51.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,148 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 390 shares during the last quarter. Quadrant Capital Group LLC purchased a new position in Community Trust Bancorp during the 3rd quarter valued at about $86,000. Strs Ohio acquired a new position in Community Trust Bancorp during the first quarter worth about $86,000. Finally, Russell Investments Group Ltd. raised its position in Community Trust Bancorp by 478.9% during the third quarter. Russell Investments Group Ltd. now owns 1,650 shares of the financial services provider’s stock worth $92,000 after acquiring an additional 1,365 shares during the last quarter. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Community Trust Bancorp in a report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Community Trust Bancorp has a consensus rating of “Buy” and an average target price of $63.50.

Community Trust Bancorp Stock Performance

Community Trust Bancorp stock opened at $61.58 on Thursday. Community Trust Bancorp, Inc. has a fifty-two week low of $44.60 and a fifty-two week high of $65.79. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.34 and a beta of 0.53. The stock has a fifty day moving average of $61.40 and a two-hundred day moving average of $57.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.92 and a current ratio of 0.92.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.08. The business had revenue of $74.72 million for the quarter, compared to the consensus estimate of $73.15 million. Community Trust Bancorp had a return on equity of 11.96% and a net margin of 23.95%. On average, analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Community Trust Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Sunday, March 15th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.12 dividend on an annualized basis and a yield of 3.4%. Community Trust Bancorp’s dividend payout ratio (DPR) is currently 39.04%.

Community Trust Bancorp 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.