BNP Paribas Financial Markets Lowers Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

BNP Paribas Financial Markets lowered its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 37.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,696 shares of the financial services provider’s stock after selling 1,589 shares during the quarter. BNP Paribas Financial Markets’ holdings in Community Trust Bancorp were worth $143,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Aptus Capital Advisors LLC increased its position in shares of Community Trust Bancorp by 1.8% during the 4th quarter. Aptus Capital Advisors LLC now owns 12,456 shares of the financial services provider’s stock valued at $666,000 after purchasing an additional 219 shares during the last quarter. LPL Financial LLC increased its position in shares of Community Trust Bancorp by 6.6% during the 4th quarter. LPL Financial LLC now owns 4,964 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 307 shares during the last quarter. US Bancorp DE increased its position in shares of Community Trust Bancorp by 311.8% during the 4th quarter. US Bancorp DE now owns 560 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 424 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Community Trust Bancorp by 5.0% during the 4th quarter. MetLife Investment Management LLC now owns 9,236 shares of the financial services provider’s stock valued at $490,000 after purchasing an additional 439 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Community Trust Bancorp by 5.6% during the 4th quarter. Sterling Capital Management LLC now owns 8,343 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 440 shares during the last quarter. 60.20% of the stock is currently owned by institutional investors.

Community Trust Bancorp Price Performance

CTBI opened at $51.31 on Friday. The stock’s 50 day simple moving average is $49.68 and its 200 day simple moving average is $53.01. 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, Inc. has a 1 year low of $40.19 and a 1 year high of $61.67. The firm has a market cap of $929.28 million, a price-to-earnings ratio of 11.13 and a beta of 0.56.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.02%. The business had revenue of $66.16 million for the quarter, compared to analyst estimates of $64.92 million. During the same period last year, the company earned $1.04 EPS. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Sunday, June 15th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.88 annualized dividend and a yield of 3.66%. Community Trust Bancorp’s payout ratio is 39.25%.

Analysts Set New Price Targets

Several brokerages have recently commented on CTBI. Piper Sandler reduced their price objective on Community Trust Bancorp from $60.00 to $56.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Raymond James reduced their price objective on Community Trust Bancorp from $60.00 to $58.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd.

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.