Tudor Investment Corp ET AL Cuts Holdings in Community Trust Bancorp, Inc. $CTBI

Tudor Investment Corp ET AL lowered its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 69.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,664 shares of the financial services provider’s stock after selling 12,712 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Community Trust Bancorp were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Community Trust Bancorp by 10.1% in the 3rd quarter. American Century Companies Inc. now owns 452,995 shares of the financial services provider’s stock worth $25,345,000 after purchasing an additional 41,551 shares during the period. Hillsdale Investment Management Inc. lifted its stake in shares of Community Trust Bancorp by 24.8% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 124,669 shares of the financial services provider’s stock valued at $6,975,000 after purchasing an additional 24,800 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Community Trust Bancorp by 26.9% during the 3rd quarter. Wedge Capital Management L L P NC now owns 54,369 shares of the financial services provider’s stock worth $3,042,000 after purchasing an additional 11,522 shares during the period. Clifford Capital Partners LLC grew its holdings in shares of Community Trust Bancorp by 0.3% during the 3rd quarter. Clifford Capital Partners LLC now owns 283,410 shares of the financial services provider’s stock worth $15,857,000 after purchasing an additional 822 shares during the period. Finally, GAMMA Investing LLC increased its position in Community Trust Bancorp by 4,516.1% during the 3rd quarter. GAMMA Investing LLC now owns 4,016 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 3,929 shares in the last quarter. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Up 1.4%

Shares of NASDAQ:CTBI opened at $61.58 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.08. Community Trust Bancorp, Inc. has a 52-week low of $44.60 and a 52-week high of $65.79. The company has a 50 day moving average of $61.40 and a two-hundred day moving average of $57.86. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.34 and a beta of 0.53.

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

Community Trust Bancorp Dividend Announcement

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

Analysts Set New Price Targets

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

About Community Trust Bancorp

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.