Short Interest in Community Trust Bancorp, Inc. (NASDAQ:CTBI) Increases By 44.2%

Community Trust Bancorp, Inc. (NASDAQ:CTBI) was the recipient of a large increase in short interest in 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 company’s stock are short sold. Based on an average daily volume of 45,800 shares, the short-interest ratio is presently 2.5 days.

Hedge Funds Weigh In On Community Trust Bancorp

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Community Trust Bancorp by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,171,419 shares of the financial services provider’s stock worth $51,142,000 after acquiring an additional 12,707 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Community Trust Bancorp by 1.2% during the first quarter. Vanguard Group Inc. now owns 894,527 shares of the financial services provider’s stock valued at $38,152,000 after buying an additional 11,043 shares during the last quarter. Clifford Capital Partners LLC raised its holdings in shares of Community Trust Bancorp by 7.8% during the second quarter. Clifford Capital Partners LLC now owns 324,515 shares of the financial services provider’s stock valued at $14,168,000 after buying an additional 23,564 shares during the last quarter. LSV Asset Management raised its holdings in shares of Community Trust Bancorp by 9.0% during the first quarter. LSV Asset Management now owns 290,157 shares of the financial services provider’s stock valued at $12,375,000 after buying an additional 23,890 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Community Trust Bancorp by 20.5% during the second quarter. American Century Companies Inc. now owns 274,759 shares of the financial services provider’s stock valued at $11,996,000 after buying an additional 46,745 shares during the last quarter. Institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Down 0.4 %

Shares of CTBI stock traded down $0.19 during trading hours on Tuesday, hitting $52.23. 48,064 shares of the company were exchanged, compared to its average volume of 48,840. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.88. Community Trust Bancorp has a one year low of $36.92 and a one year high of $53.50. The business’s 50-day simple moving average is $49.44 and its two-hundred day simple moving average is $45.91. The stock has a market capitalization of $942.75 million, a price-to-earnings ratio of 11.80 and a beta of 0.64.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.15 by $0.08. Community Trust Bancorp had a net margin of 21.64% and a return on equity of 11.13%. The business had revenue of $95.38 million for the quarter, compared to analysts’ expectations of $62.00 million. Sell-side analysts predict that Community Trust Bancorp will post 4.55 EPS for the current fiscal year.

Community Trust Bancorp Announces Dividend

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

Analysts Set New Price Targets

Separately, Raymond James upgraded Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a report on Friday, October 18th.

Community Trust Bancorp Company 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.