Deutsche Bank AG lifted its position in Community Trust Bancorp (NASDAQ:CTBI) by 81.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,435 shares of the financial services provider’s stock after purchasing an additional 19,560 shares during the quarter. Deutsche Bank AG owned about 0.25% of Community Trust Bancorp worth $2,043,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CTBI. New York State Common Retirement Fund increased its holdings in shares of Community Trust Bancorp by 215.4% in the third quarter. New York State Common Retirement Fund now owns 53,300 shares of the financial services provider’s stock worth $2,478,000 after purchasing an additional 36,400 shares during the period. SG Americas Securities LLC bought a new position in shares of Community Trust Bancorp in the third quarter worth $104,000. Wells Fargo & Company MN increased its holdings in shares of Community Trust Bancorp by 42.8% in the third quarter. Wells Fargo & Company MN now owns 20,587 shares of the financial services provider’s stock worth $957,000 after purchasing an additional 6,173 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in shares of Community Trust Bancorp by 5.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 86,889 shares of the financial services provider’s stock worth $4,041,000 after purchasing an additional 4,580 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Community Trust Bancorp by 2.7% in the third quarter. Dimensional Fund Advisors LP now owns 978,098 shares of the financial services provider’s stock worth $45,482,000 after purchasing an additional 25,343 shares during the period. 58.75% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently weighed in on CTBI. BidaskClub raised shares of Community Trust Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research raised Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Friday, April 20th. Finally, ValuEngine raised Community Trust Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, April 19th.

CTBI opened at $48.45 on Friday. The firm has a market capitalization of $862.51, a P/E ratio of 17.30 and a beta of 0.67. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.11. Community Trust Bancorp has a 52 week low of $40.33 and a 52 week high of $51.90.

Community Trust Bancorp (NASDAQ:CTBI) last released its earnings results on Wednesday, April 18th. The financial services provider reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.13. The business had revenue of $47.90 million for the quarter, compared to analysts’ expectations of $47.10 million. Community Trust Bancorp had a return on equity of 10.31% and a net margin of 26.71%. sell-side analysts anticipate that Community Trust Bancorp will post 3.34 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 1st. Investors of record on Friday, June 15th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.32 dividend on an annualized basis and a yield of 2.72%. Community Trust Bancorp’s dividend payout ratio is presently 47.14%.

Community Trust Bancorp Profile

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, Keogh plans, and savings certificates, as well as checking and savings, individual retirement, NOW, and money market accounts.

Institutional Ownership by Quarter for Community Trust Bancorp (NASDAQ:CTBI)

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