Snowden Capital Advisors LLC Has $621,000 Stock Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Snowden Capital Advisors LLC lowered its stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,616 shares of the financial services provider’s stock after selling 464 shares during the quarter. Snowden Capital Advisors LLC owned approximately 0.06% of Community Trust Bancorp worth $621,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE increased its position in shares of Community Trust Bancorp by 311.8% in the fourth quarter. US Bancorp DE now owns 560 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 424 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of Community Trust Bancorp in the fourth quarter valued at about $46,000. New York State Teachers Retirement System acquired a new stake in shares of Community Trust Bancorp in the fourth quarter valued at about $75,000. Quantbot Technologies LP increased its position in shares of Community Trust Bancorp by 43.5% in the fourth quarter. Quantbot Technologies LP now owns 1,824 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 553 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Community Trust Bancorp by 317.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,824 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 1,387 shares during the last quarter. Institutional investors and hedge funds own 60.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Raymond James reduced their price target on Community Trust Bancorp from $60.00 to $58.00 and set an “outperform” rating for the company in a report on Wednesday, April 2nd. Piper Sandler reduced their price target on Community Trust Bancorp from $60.00 to $56.00 and set an “overweight” rating for the company in a report on Thursday, April 17th.

Community Trust Bancorp Trading Down 0.1%

Community Trust Bancorp stock opened at $52.65 on Wednesday. Community Trust Bancorp, Inc. has a 52 week low of $40.19 and a 52 week high of $61.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market capitalization of $953.54 million, a P/E ratio of 11.42 and a beta of 0.56. The stock has a 50-day simple moving average of $49.74 and a 200 day simple moving average of $53.32.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, April 16th. The financial services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.02%. The business had revenue of $66.16 million during the quarter, compared to analysts’ expectations of $64.92 million. During the same quarter last year, the company posted $1.04 earnings per share. Analysts expect that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current year.

Community Trust Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Sunday, June 15th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date is Friday, June 13th. Community Trust Bancorp’s dividend payout ratio is presently 39.25%.

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.