Aptus Capital Advisors LLC Invests $608,000 in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Aptus Capital Advisors LLC bought a new position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,237 shares of the financial services provider’s stock, valued at approximately $608,000. Aptus Capital Advisors LLC owned about 0.07% of Community Trust Bancorp as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CTBI. Innealta Capital LLC purchased a new position in Community Trust Bancorp during the second quarter worth approximately $37,000. EntryPoint Capital LLC purchased a new position in Community Trust Bancorp during the first quarter worth approximately $78,000. CWM LLC boosted its position in Community Trust Bancorp by 1,932.0% during the second quarter. CWM LLC now owns 2,601 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 2,473 shares in the last quarter. EMC Capital Management purchased a new position in Community Trust Bancorp during the first quarter worth approximately $119,000. Finally, SG Americas Securities LLC boosted its position in Community Trust Bancorp by 26.9% during the first quarter. SG Americas Securities LLC now owns 3,161 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 671 shares in the last quarter. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Price Performance

Shares of Community Trust Bancorp stock opened at $59.04 on Friday. The business has a 50 day simple moving average of $51.39 and a two-hundred day simple moving average of $47.29. Community Trust Bancorp, Inc. has a 12 month low of $38.44 and a 12 month high of $61.60. The stock has a market capitalization of $1.07 billion, a P/E ratio of 13.42 and a beta of 0.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.88.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.15 by $0.08. Community Trust Bancorp had a return on equity of 10.93% and a net margin of 21.64%. The firm had revenue of $95.38 million during the quarter, compared to analysts’ expectations of $62.00 million. As a group, analysts predict that Community Trust Bancorp, Inc. will post 4.56 EPS for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Sunday, December 15th will be issued a $0.47 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.18%. Community Trust Bancorp’s dividend payout ratio is presently 42.73%.

Wall Street Analysts Forecast Growth

CTBI has been the subject of a number of research analyst reports. Raymond James raised Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 target price for the company in a report on Friday, October 18th. Piper Sandler reissued an “overweight” rating and set a $64.00 target price on shares of Community Trust Bancorp in a report on Friday, November 8th.

Community Trust Bancorp Profile

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.