Community Trust Bancorp, Inc. (NASDAQ:CTBI) Shares Sold by Community Trust & Investment Co.

Community Trust & Investment Co. reduced its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,921,379 shares of the financial services provider’s stock after selling 81,845 shares during the quarter. Community Trust Bancorp accounts for 6.1% of Community Trust & Investment Co.’s portfolio, making the stock its largest position. Community Trust & Investment Co. owned about 10.66% of Community Trust Bancorp worth $95,416,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. increased its stake in Community Trust Bancorp by 12.8% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,015 shares of the financial services provider’s stock valued at $512,000 after buying an additional 1,367 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Community Trust Bancorp by 86.9% during the first quarter. BNP Paribas Financial Markets now owns 7,691 shares of the financial services provider’s stock valued at $328,000 after acquiring an additional 3,577 shares during the period. LSV Asset Management raised its holdings in Community Trust Bancorp by 9.0% during the first quarter. LSV Asset Management now owns 290,157 shares of the financial services provider’s stock worth $12,375,000 after purchasing an additional 23,890 shares in the last quarter. Empowered Funds LLC lifted its position in Community Trust Bancorp by 8.0% in the first quarter. Empowered Funds LLC now owns 56,904 shares of the financial services provider’s stock worth $2,427,000 after purchasing an additional 4,200 shares during the period. Finally, SG Americas Securities LLC lifted its position in Community Trust Bancorp by 26.9% in the first quarter. SG Americas Securities LLC now owns 3,161 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 671 shares during the period. Institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Up 1.2 %

CTBI stock opened at $51.85 on Wednesday. The firm has a market cap of $935.89 million, a PE ratio of 11.78 and a beta of 0.64. Community Trust Bancorp, Inc. has a 12 month low of $36.00 and a 12 month high of $53.50. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $49.05 and a 200 day simple moving average of $45.60.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.08. Community Trust Bancorp had a return on equity of 11.13% and a net margin of 21.64%. The company had revenue of $95.38 million during the quarter, compared to the consensus estimate of $62.00 million. Equities research analysts forecast that Community Trust Bancorp, Inc. will post 4.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Raymond James raised Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 price objective on the stock in a research note on Friday, October 18th.

About Community Trust Bancorp

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.