IndexIQ Advisors LLC reduced its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 24.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,755 shares of the financial services provider’s stock after selling 6,269 shares during the period. IndexIQ Advisors LLC owned 0.11% of Community Trust Bancorp worth $921,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of CTBI. New York State Teachers Retirement System acquired a new position in Community Trust Bancorp in the fourth quarter valued at approximately $28,000. Tower Research Capital LLC TRC acquired a new position in Community Trust Bancorp in the third quarter valued at approximately $29,000. SG Americas Securities LLC acquired a new position in Community Trust Bancorp in the fourth quarter valued at approximately $177,000. Campbell & CO Investment Adviser LLC acquired a new position in Community Trust Bancorp in the third quarter valued at approximately $207,000. Finally, PBMares Wealth Management LLC acquired a new position in Community Trust Bancorp in the fourth quarter valued at approximately $214,000. Institutional investors and hedge funds own 58.67% of the company’s stock.
A number of research firms recently commented on CTBI. ValuEngine cut Community Trust Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. BidaskClub cut Community Trust Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, January 23rd. Finally, Zacks Investment Research cut Community Trust Bancorp from a “hold” rating to a “sell” rating in a report on Monday, January 27th.
Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The firm had revenue of $49.73 million for the quarter, compared to analysts’ expectations of $48.50 million. Community Trust Bancorp had a return on equity of 10.89% and a net margin of 27.40%. As a group, equities research analysts forecast that Community Trust Bancorp, Inc. will post 3.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Sunday, March 15th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Thursday, March 12th. Community Trust Bancorp’s payout ratio is 41.76%.
In other Community Trust Bancorp news, CFO Kevin J. Stumbo sold 1,151 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.72, for a total value of $51,472.72. Following the sale, the chief financial officer now owns 1,709 shares of the company’s stock, valued at $76,426.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.90% of the stock is owned by insiders.
About Community Trust Bancorp
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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