Community Trust & Investment Co. boosted its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,770,164 shares of the financial services provider’s stock after buying an additional 17,638 shares during the period. Community Trust Bancorp accounts for approximately 9.0% of Community Trust & Investment Co.’s portfolio, making the stock its biggest holding. Community Trust & Investment Co. owned about 9.96% of Community Trust Bancorp worth $75,373,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. purchased a new stake in shares of Community Trust Bancorp in the second quarter valued at approximately $42,000. HMS Capital Management LLC acquired a new position in Community Trust Bancorp in the second quarter valued at $48,000. Susquehanna International Group LLP acquired a new position in Community Trust Bancorp in the second quarter valued at $231,000. WINTON GROUP Ltd acquired a new position in Community Trust Bancorp in the second quarter valued at $293,000. Finally, Acadian Asset Management LLC increased its stake in Community Trust Bancorp by 325.1% in the first quarter. Acadian Asset Management LLC now owns 9,454 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 7,230 shares during the last quarter. 58.18% of the stock is currently owned by institutional investors.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. BidaskClub lowered Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, ValuEngine upgraded Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
NASDAQ:CTBI traded up $1.05 on Friday, hitting $42.58. 2,999 shares of the stock were exchanged, compared to its average volume of 43,697. The stock has a market cap of $738.40 million, a PE ratio of 12.71 and a beta of 0.68. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $41.18 and a 200-day moving average of $41.29. Community Trust Bancorp, Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $46.69.
Community Trust Bancorp (NASDAQ:CTBI) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.18. Community Trust Bancorp had a return on equity of 11.38% and a net margin of 28.19%. The company had revenue of $48.28 million during the quarter, compared to the consensus estimate of $48.98 million. As a group, analysts predict that Community Trust Bancorp, Inc. will post 3.43 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th were given a $0.38 dividend. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.36. The ex-dividend date was Thursday, September 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.57%. Community Trust Bancorp’s dividend payout ratio is presently 45.37%.
Community Trust Bancorp Profile
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, Keogh plans, and savings certificates, as well as checking and savings, regular, individual retirement, NOW, and money market accounts.
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