Y Intercept Hong Kong Ltd Makes New $994,000 Investment in Community Trust Bancorp, Inc. $CTBI

Y Intercept Hong Kong Ltd acquired a new position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 16,371 shares of the financial services provider’s stock, valued at approximately $994,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CTBI. Assetmark Inc. purchased a new position in Community Trust Bancorp in the fourth quarter worth approximately $27,000. Garton & Associates Financial Advisors LLC acquired a new stake in Community Trust Bancorp during the fourth quarter worth approximately $30,000. Quadrant Capital Group LLC purchased a new stake in shares of Community Trust Bancorp during the 3rd quarter worth approximately $86,000. Strs Ohio acquired a new position in shares of Community Trust Bancorp in the 1st quarter valued at $86,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Community Trust Bancorp by 478.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,650 shares of the financial services provider’s stock valued at $92,000 after buying an additional 1,365 shares in the last quarter. 60.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on CTBI shares. Zacks Research lowered shares of Community Trust Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Piper Sandler started coverage on Community Trust Bancorp in a research report on Thursday, June 11th. They set a “neutral” rating and a $76.00 target price on the stock. Finally, Weiss Ratings raised Community Trust Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $68.50.

Community Trust Bancorp Stock Performance

CTBI stock traded up $0.43 on Friday, hitting $72.04. The company’s stock had a trading volume of 88,240 shares, compared to its average volume of 128,303. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 12.62 and a beta of 0.54. The firm has a 50 day moving average of $68.41 and a two-hundred day moving average of $63.81. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.08. Community Trust Bancorp, Inc. has a 1 year low of $50.25 and a 1 year high of $74.57.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $74.20 million for the quarter, compared to analyst estimates of $73.00 million. Equities analysts predict that Community Trust Bancorp, Inc. will post 6.13 EPS for the current fiscal year.

Community Trust Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, June 15th. Community Trust Bancorp’s 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.