Community Trust Bancorp, Inc. (NASDAQ:CTBI) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 81.2% in the third quarter, HoldingsChannel reports. The firm owned 22,525 shares of the financial services provider’s stock after buying an additional 10,093 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Community Trust Bancorp were worth $1,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CTBI. Thoroughbred Financial Services LLC acquired a new position in shares of Community Trust Bancorp in the second quarter worth about $2,891,000. AQR Capital Management LLC raised its position in shares of Community Trust Bancorp by 37.8% in the second quarter. AQR Capital Management LLC now owns 188,707 shares of the financial services provider’s stock worth $8,239,000 after acquiring an additional 51,765 shares during the period. American Century Companies Inc. raised its position in shares of Community Trust Bancorp by 20.5% in the second quarter. American Century Companies Inc. now owns 274,759 shares of the financial services provider’s stock worth $11,996,000 after acquiring an additional 46,745 shares during the period. Clifford Capital Partners LLC raised its position in shares of Community Trust Bancorp by 7.8% in the second quarter. Clifford Capital Partners LLC now owns 324,515 shares of the financial services provider’s stock worth $14,168,000 after acquiring an additional 23,564 shares during the period. Finally, Bank of Montreal Can acquired a new position in shares of Community Trust Bancorp in the second quarter worth about $764,000. 60.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. 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 research report on Friday, October 18th. Piper Sandler reiterated an “overweight” rating and issued a $64.00 price objective on shares of Community Trust Bancorp in a research report on Friday, November 8th.

Community Trust Bancorp Stock Down 0.5 %

CTBI opened at $58.93 on Thursday. Community Trust Bancorp, Inc. has a twelve month low of $38.44 and a twelve month high of $61.67. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09. The company has a 50-day moving average price of $52.86 and a 200 day moving average price of $48.10. The company has a market cap of $1.06 billion, a PE ratio of 13.46 and a beta of 0.63.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.08. Community Trust Bancorp had a net margin of 21.64% and a return on equity of 10.93%. The firm had revenue of $95.38 million during the quarter, compared to the consensus estimate of $62.00 million. Sell-side analysts expect that Community Trust Bancorp, Inc. will post 4.56 earnings per share for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Sunday, December 15th will be given a dividend of $0.47 per share. The ex-dividend date is Friday, December 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.19%. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 42.73%.

Community Trust Bancorp 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.