Stocks/CTBI

CTBI

Community Trust Bancorp, Inc.
Financial Services·Banks - Regional
$66.86
$1.2B market cap
Revenue
$209.3M
Free Cash Flow
$46.4M
Rev Growth
+0.0%
FCF Margin
22.1%
P/FCF
26.2x
EV/FCF
22.8x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--

Community Trust Bancorp, Inc. operates as the bank holding company for Community Trust Bank, Inc. that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, checking accounts, savings accounts and savings certificates, individual retirement accounts and Keogh plans, and money market accounts. Its loan products include commercial, construction, mortgage, and personal loans; lease-financing, lines of credit, revolving li

2-Year Price History

$66.70+71.4%
$40$45$50$55$60$65volJun 24Oct 24Jan 25May 25Sep 25Jan 26May 26

Quarterly Financials & Projections

Quarterly Waterfall ($ M)
PeriodRevEBITDAOpInNIOCFFCFCapExCashDebtSharesROICIntCovEV/EBITDA
Act2026-Q1103.235.435.427.239.537.9-1.6536.4379.218.116.3%1.2x--
Act2025-Q4106.136.935.427.314.98.4-6.5365.8389.818.116.3%1.2x--

Valuation & Metrics

Market Stats

Price$66.86
Market Cap$1.2B
Enterprise Value$1.1B
P/S Ratio5.8x
P/FCF26.2x
EV/FCF22.8x
FCF Margin (TTM)22.1%
FCF Yield3.8%
Dividend Yield (TTM)3.2%
Annual Dilution0.0%
CurrencyUSD

TTM Financial Snapshot

Revenue$209.3M
Net Income$54.5M
Free Cash Flow$46.4M

Revenue Growth (YoY)+0.0%
EBITDA Margin34.5%
Net Margin26.0%
FCF Margin22.1%
CapEx % of Revenue3.9%
SBC % of Revenue0.4%
ROIC16.3%
WC Change % Rev2298.0%
Interest Coverage1.2x

Forward Outlook & Risk

Short Interest

Short % of Float--
Short Shares0.3M
Days to Cover2.4
Change (vs Prior)+14.5%
Need at least 2 settlement dates for chart

Employees

Headcount939
Revenue / Employee$222,901
Gross Profit / Employee$156,129

Institutional Ownership

Headline & net flow

NEUTRAL
Net flow · still filing
No float data — flow unavailable.

Ownership composition

Active
35.1%(+8.8% YoY)
165 filers
hedge / family / endowment
Retail funds
Fidelity, Schwab, 401(k)
Passive
24.9%(+4.0% YoY)
11 filers
Vanguard, iShares, SPDR
Market makers
0.3%(+0.1% YoY)
6 filers
Citadel, Susquehanna
Insiders
Form 4 — latest per insider
0%25%50%75%100%2022-062023-032023-122024-092025-062026-03
ActiveRetail fundsPassiveMarket makersRetail direct

Top holders

Fund$ valueCost basisΔ QoQΔ YoYα lifeFund AUM
COMMUNITY TRUST & INVESTMENT CO$127M$43.45+$7.4M+$10.1M+0.9%$1.84B
BlackRock, Inc.Passive$98.8M$47.45−$556K−$2.1M-0.2%$5.69T
DIMENSIONAL FUND ADVISORS LPPassive$71.7M$39.58−$93K−$627K-0.4%$480.92B
VANGUARD CAPITAL MANAGEMENT LLCPassive$42.0M$60.72+$42.0M+$42.0M$4.04T
AMERICAN CENTURY COMPANIES INC$31.5M$45.48+$2.5M+$8.2M+0.7%$193.48B
STATE STREET CORPPassive$30.4M$41.73+$1.3M+$1.0M-0.2%$2.89T
GEODE CAPITAL MANAGEMENT, LLCPassive$26.3M$43.56+$807K+$2.3M+2.3%$1.61T
NORTHERN TRUST CORPPassive$17.4M$44.85+$114K−$6.0M-0.2%$755.34B
GOLDMAN SACHS GROUP INC$17.3M$50.51+$4.4M+$10.3M-0.2%$760.93B
LONE PEAK GLOBAL INVESTORS LLC$17.2M$38.08+$170K+$545K-1.3%$600M
LSV ASSET MANAGEMENT$16.4M$38.25−$631K+$1.4M+0.0%$46.40B
JANUS HENDERSON GROUP PLC$11.7M$57.68+$6.2M+$11.3M+1.2%$209.29B
HEARTLAND ADVISORS INC$10.3M$39.88+$20K+$20K-0.4%$1.96B
UBS Group AG$9.2M$50.24+$3.2M+$4.9M-0.3%$562.11B
TWO SIGMA INVESTMENTS, LP$9.0M$53.90+$5.3M+$5.9M-0.9%$117.03B
FMR LLC$8.9M$53.51+$410K+$1.5M-0.0%$1.89T
VANGUARD PORTFOLIO MANAGEMENT LLCPassive$8.8M$60.72+$8.8M+$8.8M$1.91T
RENAISSANCE TECHNOLOGIES LLC$8.1M$44.90−$1.3M−$2.3M+1.2%$63.91B
BRIDGEWAY CAPITAL MANAGEMENT, LLC$7.8M$43.76+$282K+$342K-2.3%$4.93B
CHARLES SCHWAB INVESTMENT MANAGEMENT INC$7.7M$42.73−$135K+$127K+0.7%$645.81B
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.

Trading behavior

Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
+0.20%
avg per quarter
Holders (ex-self)
+0.20%
excl. this stock
Buyers (this Q)
+0.22%
82 buyers · $0.13B in
Sellers (this Q)
-0.12%
58 sellers · $-0.00B out
alpha coverage: 92% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-28.9%
how holders react when this stock falls
On quiet Qs
+0.2%
−10% to +10% baseline
On rallies (+10%+)
-12.2%
how they react when this stock rises
Holders' portfolio flow this Q
+3.3%
inflows — adds are organic
Sellers' portfolio flow this Q
-4.6%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-0.5%
Holder mid (any stock)
-0.7%
Holder rally (any stock)
-4.5%

Top Holders Over Time

5-year share-count history (top 10 holders by peak, incl. exited) + price

01.0M2.0M3.1M4.1M$31$39$46$53$612021-062022-062023-062024-062025-062026-03
hover the chart for per-quarter detailprice (right axis)
COMMUNITY TRUST & INVESTMENT CO2.1MAMERICAN CENTURY COMPANIES INC520KGOLDMAN SACHS GROUP INC285KLONE PEAK GLOBAL INVESTORS LLC283KLSV ASSET MANAGEMENT270KFMR LLC147KJPMORGAN CHASE & CO110KAMERIPRISE FINANCIAL INC25KJANUS HENDERSON GROUP PLC192KHEARTLAND ADVISORS INC169K

Analyst Coverage

Analyst Coverage
Price Targets
Last Year (1 analysts)$61.00-880.0%
Current Price$66.86
Analyst Ratings
2
3
1
Buy: 2Hold: 3Sell: 1Consensus: Hold

Corporate

Insider Trading (last 12mo)

Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$107K
2 txns · 2 insiders · 2,084 sh
Sells ($, 12mo)
$52K
1 txn · 1 insider · 918 sh
Recent transactions
DateSideInsiderTitleSharesPriceDollarsOwned $
2026-03-13BUYSPARKMAN RICKY Dofficer: Executive Vice President84$58.50$5K$5K
2025-08-18SELLWaters Andy Dofficer: Executive Vice President918$56.18$52K$36K
2025-06-02BUYMINNIFIELD FRANKYdirector2,000$51.01$102K$872K

Order Flow (FINRA, ~3w lag)

7.4%retail-3.4pp
21.5%dark+0.1pp
week of 2026-04-13
5%10%15%20%25%24-1125-0225-0525-0825-1126-0226-04retail (non-ATS)dark (ATS)
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.

Filing Risk Analysis

Filing Risk Scores

Community Trust Bancorp Inc: Resilient Regionalism Facing Sector Concentration and Market Volatility

Overall Risk
3/10
Fraud
2/10
Dilution
2/10
Insolvency
3/10
Earnings Overstated
4/10
Hidden Liabilities
2/10
Legal
3/10
Audit Warnings
1/10
Hidden Upside
4/10
Contextually Acceptable
9/10