33,478 Shares in Community Trust Bancorp, Inc. $CTBI Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) in the fourth quarter, Holdings Channel.com reports. The fund acquired 33,478 shares of the financial services provider’s stock, valued at approximately $1,892,000.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. purchased a new stake in shares of Community Trust Bancorp in the fourth quarter valued at about $27,000. State of Alaska Department of Revenue purchased a new stake in shares of Community Trust Bancorp in the third quarter valued at about $40,000. Farther Finance Advisors LLC grew its holdings in shares of Community Trust Bancorp by 51.5% in the third quarter. Farther Finance Advisors LLC now owns 1,148 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 390 shares during the period. Quadrant Capital Group LLC purchased a new stake in shares of Community Trust Bancorp in the third quarter valued at about $86,000. Finally, Strs Ohio purchased a new stake in shares of Community Trust Bancorp in the first quarter valued at about $86,000. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Community Trust Bancorp in a report on Friday, March 27th. Zacks Research raised shares of Community Trust Bancorp from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, Community Trust Bancorp has an average rating of “Buy” and an average price target of $63.50.

Community Trust Bancorp Stock Performance

Shares of Community Trust Bancorp stock opened at $65.80 on Friday. Community Trust Bancorp, Inc. has a 52 week low of $49.00 and a 52 week high of $68.71. The business’s fifty day simple moving average is $62.12 and its 200-day simple moving average is $59.14. The firm has a market cap of $1.19 billion, a PE ratio of 11.52 and a beta of 0.55. 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 (NASDAQ:CTBI) last announced 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 return on equity of 12.42% and a net margin of 24.85%.The business had revenue of $74.20 million for the quarter, compared to analyst estimates of $73.00 million. Equities analysts forecast that Community Trust Bancorp, Inc. will post 6.08 earnings per share for the current year.

Community Trust Bancorp Announces Dividend

The firm also recently declared 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 3.2%. The ex-dividend date of this dividend is Monday, June 15th. Community Trust Bancorp’s dividend payout ratio is 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.