Jefferies Financial Group Inc. Acquires Shares of 27,500 Community Trust Bancorp, Inc. $CTBI

Jefferies Financial Group Inc. acquired a new stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 27,500 shares of the financial services provider’s stock, valued at approximately $1,554,000. Jefferies Financial Group Inc. owned about 0.15% of Community Trust Bancorp at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. bought a new stake in Community Trust Bancorp during the 4th quarter valued at about $27,000. Quadrant Capital Group LLC bought a new stake in Community Trust Bancorp during the 3rd quarter valued at about $86,000. Russell Investments Group Ltd. increased its stake in Community Trust Bancorp by 478.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,650 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 1,365 shares in the last quarter. Strs Ohio bought a new stake in Community Trust Bancorp during the 1st quarter valued at about $86,000. Finally, Virtus Advisers LLC bought a new stake in Community Trust Bancorp during the 3rd quarter valued at about $142,000. 60.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on CTBI shares. Weiss Ratings upgraded Community Trust Bancorp from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 18th. Zacks Research upgraded Community Trust Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Strong Buy” and a consensus target price of $63.50.

Community Trust Bancorp Price Performance

CTBI opened at $66.71 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $1.21 billion, a P/E ratio of 11.68 and a beta of 0.55. The company’s 50-day simple moving average is $63.91 and its two-hundred day simple moving average is $60.83. Community Trust Bancorp, Inc. has a 52-week low of $49.61 and a 52-week high of $68.71.

Community Trust Bancorp (NASDAQ:CTBI) last announced its earnings results on Wednesday, April 15th. The financial services provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. The business had revenue of $74.20 million during the quarter, compared to analyst estimates of $73.00 million. Community Trust Bancorp had a net margin of 24.85% and a return on equity of 12.27%. As a group, analysts predict that Community Trust Bancorp, Inc. will post 6.08 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be paid a dividend of $0.53 per share. The ex-dividend date is Monday, June 15th. This represents a $2.12 dividend on an annualized basis and a yield of 3.2%. Community Trust Bancorp’s payout ratio is currently 37.13%.

Community Trust Bancorp Profile

Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. As the parent of Community Trust Bank, the company provides a comprehensive range of banking services to individuals, families and businesses throughout eastern Kentucky, southern West Virginia and northeast Tennessee. With origins dating back to the early 20th century, the organization has built a reputation for supporting community development and regional economic growth across the Appalachian region.

The company’s personal banking offerings include checking and savings accounts, consumer installment loans, home equity and mortgage lending, as well as online and mobile banking platforms.