Community Trust Bancorp, Inc. (NASDAQ:CTBI) Short Interest Update

by · The Cerbat Gem

Community Trust Bancorp, Inc. (NASDAQ:CTBI – Get Free Report) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 113,800 shares, an increase of 44.2% from the September 30th total of 78,900 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 45,800 shares, the short-interest ratio is presently 2.5 days.

Wall Street Analyst Weigh In

Separately, Raymond James upgraded 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.

Get Our Latest Report on Community Trust Bancorp

Hedge Funds Weigh In On Community Trust Bancorp

Several large investors have recently added to or reduced their stakes in CTBI. Heartland Advisors Inc. increased its stake in shares of Community Trust Bancorp by 216.9% during the 1st quarter. Heartland Advisors Inc. now owns 161,700 shares of the financial services provider’s stock valued at $6,897,000 after acquiring an additional 110,681 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new position in Community Trust Bancorp during the second quarter worth approximately $2,891,000. AQR Capital Management LLC raised its stake in Community Trust Bancorp by 37.8% during the second quarter. AQR Capital Management LLC now owns 188,707 shares of the financial services provider’s stock worth $8,239,000 after purchasing an additional 51,765 shares during the period. American Century Companies Inc. boosted its holdings in shares of Community Trust Bancorp by 20.5% in the 2nd quarter. American Century Companies Inc. now owns 274,759 shares of the financial services provider’s stock valued at $11,996,000 after purchasing an additional 46,745 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of Community Trust Bancorp by 9.0% during the 1st quarter. LSV Asset Management now owns 290,157 shares of the financial services provider’s stock worth $12,375,000 after buying an additional 23,890 shares during the last quarter. 60.20% of the stock is currently owned by hedge funds and other institutional investors.

Community Trust Bancorp Trading Down 0.4 %

NASDAQ:CTBI traded down $0.19 on Tuesday, reaching $52.23. The stock had a trading volume of 48,064 shares, compared to its average volume of 48,840. Community Trust Bancorp has a 12-month low of $36.92 and a 12-month high of $53.50. The company has a market cap of $942.75 million, a price-to-earnings ratio of 11.80 and a beta of 0.64. The firm’s fifty day moving average is $49.44 and its two-hundred day moving average is $45.91. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88.

Community Trust Bancorp (NASDAQ:CTBI – Get Free Report) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.08. The business had revenue of $95.38 million for the quarter, compared to the consensus estimate of $62.00 million. Community Trust Bancorp had a net margin of 21.64% and a return on equity of 11.13%. Equities analysts expect that Community Trust Bancorp will post 4.55 EPS for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Friday, December 13th. Community Trust Bancorp’s dividend payout ratio is currently 42.73%.

About Community Trust Bancorp

(Get Free Report)

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.

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