Community Trust Bancorp, Inc. $CTBI Shares Purchased by Maltese Capital Management LLC

Maltese Capital Management LLC lifted its stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 266.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,000 shares of the financial services provider’s stock after purchasing an additional 40,000 shares during the period. Maltese Capital Management LLC’s holdings in Community Trust Bancorp were worth $3,108,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Thrivent Financial for Lutherans increased its holdings in shares of Community Trust Bancorp by 0.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 55,617 shares of the financial services provider’s stock valued at $3,143,000 after purchasing an additional 163 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in Community Trust Bancorp by 7.6% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 2,958 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 208 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Community Trust Bancorp by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,122 shares of the financial services provider’s stock worth $459,000 after acquiring an additional 381 shares during the period. Prospera Financial Services Inc boosted its holdings in shares of Community Trust Bancorp by 6.8% in the 3rd quarter. Prospera Financial Services Inc now owns 6,983 shares of the financial services provider’s stock valued at $391,000 after purchasing an additional 447 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Community Trust Bancorp by 4.5% during the fourth quarter. Franklin Resources Inc. now owns 10,496 shares of the financial services provider’s stock valued at $593,000 after acquiring an additional 452 shares during the period. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on CTBI shares. Piper Sandler started coverage on shares of Community Trust Bancorp in a research note on Thursday, June 11th. They set a “neutral” rating and a $76.00 price objective on the stock. Weiss Ratings raised shares of Community Trust Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 18th. Finally, Zacks Research upgraded shares of Community Trust Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Community Trust Bancorp currently has a consensus rating of “Buy” and a consensus price target of $68.50.

Community Trust Bancorp Stock Performance

Shares of CTBI opened at $68.82 on Tuesday. The company has a 50-day moving average of $66.02 and a two-hundred day moving average of $62.12. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 12.05 and a beta of 0.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.92 and a quick ratio of 0.92. Community Trust Bancorp, Inc. has a one year low of $49.61 and a one year high of $71.28.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $1.50 EPS for the quarter, beating the consensus estimate 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 business had revenue of $74.20 million during the quarter, compared to the consensus estimate of $73.00 million. On average, equities research analysts expect that Community Trust Bancorp, Inc. will post 6.13 earnings per share for the current year.

Community Trust Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Monday, June 15th. Community Trust Bancorp’s payout ratio is currently 37.13%.

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.