Brandywine Global Investment Management LLC Lowers Stock Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Brandywine Global Investment Management LLC reduced its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,640 shares of the financial services provider’s stock after selling 2,102 shares during the quarter. Brandywine Global Investment Management LLC owned about 0.24% of Community Trust Bancorp worth $2,261,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Community Trust Bancorp by 25.2% in the fourth quarter. JPMorgan Chase & Co. now owns 119,197 shares of the financial services provider’s stock valued at $6,321,000 after buying an additional 23,964 shares during the period. EntryPoint Capital LLC purchased a new position in shares of Community Trust Bancorp in the 4th quarter valued at $202,000. LPL Financial LLC lifted its holdings in shares of Community Trust Bancorp by 6.6% during the 4th quarter. LPL Financial LLC now owns 4,964 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 307 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Community Trust Bancorp during the 4th quarter worth $646,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in Community Trust Bancorp in the 4th quarter valued at $3,732,000. Institutional investors and hedge funds own 60.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Raymond James reduced their price objective on Community Trust Bancorp from $60.00 to $58.00 and set an “outperform” rating on the stock in a research note on Wednesday.

Community Trust Bancorp Trading Down 0.5 %

NASDAQ CTBI opened at $50.45 on Thursday. The stock has a market cap of $913.25 million, a P/E ratio of 10.94 and a beta of 0.62. The company’s fifty day simple moving average is $53.25 and its 200-day simple moving average is $53.57. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. Community Trust Bancorp, Inc. has a 52 week low of $39.28 and a 52 week high of $61.67.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates 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 company posted $1.04 earnings per share. Equities research analysts predict that Community Trust Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Community Trust Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.88 annualized dividend and a yield of 3.73%. Community Trust Bancorp’s dividend payout ratio is presently 40.78%.

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.