EMC Capital Management Cuts Stock Holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

EMC Capital Management cut its stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 55.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,790 shares of the financial services provider’s stock after selling 3,437 shares during the period. EMC Capital Management’s holdings in Community Trust Bancorp were worth $148,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Community Trust Bancorp in the 3rd quarter valued at about $63,000. Coastline Trust Co acquired a new stake in Community Trust Bancorp in the third quarter valued at approximately $79,000. CWM LLC lifted its stake in Community Trust Bancorp by 12.2% in the third quarter. CWM LLC now owns 2,918 shares of the financial services provider’s stock worth $145,000 after acquiring an additional 317 shares during the last quarter. SG Americas Securities LLC acquired a new position in Community Trust Bancorp during the 3rd quarter worth approximately $209,000. Finally, BNP Paribas Financial Markets increased its position in shares of Community Trust Bancorp by 33.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 1,079 shares during the last quarter. 60.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Piper Sandler reiterated an “overweight” rating and set a $64.00 target price on shares of Community Trust Bancorp in a research note on Friday, November 8th. Raymond James upgraded shares of Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Friday, October 18th.

Community Trust Bancorp Price Performance

Community Trust Bancorp stock opened at $53.72 on Friday. The company has a market cap of $970.18 million, a P/E ratio of 11.65 and a beta of 0.67. Community Trust Bancorp, Inc. has a one year low of $38.44 and a one year high of $61.67. The business has a fifty day moving average of $55.17 and a two-hundred day moving average of $52.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.20 by $0.05. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. During the same period in the previous year, the business earned $1.04 earnings per share. As a group, analysts predict that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Friday, March 14th. Community Trust Bancorp’s dividend payout ratio (DPR) is 40.78%.

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.