Community Trust & Investment Co. lowered its position in Community Trust Bancorp Inc. (NASDAQ:CTBI) by 1.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,893,737 shares of the financial services provider’s stock after selling 31,476 shares during the period. Community Trust Bancorp makes up about 9.0% of Community Trust & Investment Co.’s investment portfolio, making the stock its largest position. Community Trust & Investment Co. owned 10.80% of Community Trust Bancorp worth $70,276,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its stake in shares of Community Trust Bancorp by 8.3% in the second quarter. Teacher Retirement System of Texas now owns 3,539 shares of the financial services provider’s stock worth $123,000 after buying an additional 271 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Community Trust Bancorp by 195.5% in the second quarter. BlackRock Inc. now owns 3,989 shares of the financial services provider’s stock worth $138,000 after buying an additional 2,639 shares during the last quarter. Advisor Group Inc. bought a new stake in shares of Community Trust Bancorp during the second quarter worth about $202,000. BlackRock Advisors LLC boosted its stake in shares of Community Trust Bancorp by 1.5% in the second quarter. BlackRock Advisors LLC now owns 7,757 shares of the financial services provider’s stock worth $269,000 after buying an additional 115 shares during the last quarter. Finally, Smith Asset Management Group LP boosted its stake in shares of Community Trust Bancorp by 68.2% in the second quarter. Smith Asset Management Group LP now owns 7,890 shares of the financial services provider’s stock worth $273,000 after buying an additional 3,200 shares during the last quarter. 53.16% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Community Trust Bancorp (NASDAQ:CTBI)

Community Trust Bancorp Inc. (NASDAQ:CTBI) traded up 1.19% during midday trading on Monday, hitting $42.65. The stock had a trading volume of 27,439 shares. The firm has a market capitalization of $748.68 million, a price-to-earnings ratio of 15.80 and a beta of 0.54. The firm has a 50-day moving average price of $37.58 and a 200-day moving average price of $36.18. Community Trust Bancorp Inc. has a 1-year low of $30.89 and a 1-year high of $42.70.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, October 19th. The financial services provider reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.01. Community Trust Bancorp had a return on equity of 9.69% and a net margin of 24.46%. On average, equities research analysts anticipate that Community Trust Bancorp Inc. will post $2.70 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, January 1st. Investors of record on Thursday, December 15th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Tuesday, December 13th. Community Trust Bancorp’s dividend payout ratio is presently 47.41%.

Separately, Zacks Investment Research cut Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th.

In related news, CFO Kevin J. Stumbo sold 5,295 shares of Community Trust Bancorp stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $36.87, for a total value of $195,226.65. Following the sale, the chief financial officer now owns 7,699 shares of the company’s stock, valued at approximately $283,862.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James B. Draughn sold 1,625 shares of Community Trust Bancorp stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $39.35, for a total value of $63,943.75. Following the completion of the sale, the insider now directly owns 965 shares in the company, valued at approximately $37,972.75. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

About Community Trust Bancorp

Community Trust Bancorp, Inc (CTBI) is a bank holding company. The Company operates in the community banking services segment. The Company owns a commercial bank and a trust company, serving small and mid-sized communities in eastern, northeastern, central and south central Kentucky; southern West Virginia, and northeastern Tennessee.

5 Day Chart for NASDAQ:CTBI

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