Vanguard Group Inc. increased its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 31.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 875,130 shares of the financial services provider’s stock after buying an additional 211,845 shares during the period. Vanguard Group Inc. owned 4.97% of Community Trust Bancorp worth $40,038,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CTBI. Ngam Advisors L.P. bought a new stake in Community Trust Bancorp during the first quarter valued at about $2,081,000. California Public Employees Retirement System raised its stake in Community Trust Bancorp by 1.8% in the first quarter. California Public Employees Retirement System now owns 28,060 shares of the financial services provider’s stock valued at $1,284,000 after buying an additional 500 shares during the last quarter. Teachers Advisors LLC raised its stake in Community Trust Bancorp by 4.0% in the first quarter. Teachers Advisors LLC now owns 27,331 shares of the financial services provider’s stock valued at $1,250,000 after buying an additional 1,042 shares during the last quarter. FMR LLC raised its stake in Community Trust Bancorp by 39.2% in the first quarter. FMR LLC now owns 407,750 shares of the financial services provider’s stock valued at $18,655,000 after buying an additional 114,900 shares during the last quarter. Finally, Bancorpsouth Inc. raised its stake in Community Trust Bancorp by 3.9% in the first quarter. Bancorpsouth Inc. now owns 9,391 shares of the financial services provider’s stock valued at $430,000 after buying an additional 355 shares during the last quarter. 57.34% of the stock is owned by institutional investors and hedge funds.

Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) traded up 1.43% during midday trading on Monday, hitting $42.45. The company had a trading volume of 1,278 shares. The company has a 50-day moving average of $43.29 and a 200-day moving average of $44.45. The company has a market capitalization of $748.18 million, a PE ratio of 15.90 and a beta of 0.68. Community Trust Bancorp, Inc. has a 12 month low of $35.30 and a 12 month high of $51.35.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.68 by $0.03. The business had revenue of $46.55 million during the quarter, compared to analysts’ expectations of $46.70 million. Community Trust Bancorp had a return on equity of 9.29% and a net margin of 23.68%. Analysts predict that Community Trust Bancorp, Inc. will post $2.74 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.15%. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, September 14th. Community Trust Bancorp’s dividend payout ratio is presently 48.12%.

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Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub lowered Community Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. ValuEngine raised Community Trust Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Finally, Hilliard Lyons raised Community Trust Bancorp from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $44.00 to $43.00 in a research note on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Community Trust Bancorp presently has a consensus rating of “Hold” and an average target price of $46.00.

In related news, insider Andy D. Waters sold 824 shares of the stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $42.35, for a total value of $34,896.40. Following the completion of the transaction, the insider now directly owns 1,268 shares in the company, valued at $53,699.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.80% of the company’s stock.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc is a bank holding company. The Company holds interests in a commercial bank, Community Trust Bank, Inc (the Bank), and a trust company, Community Trust and Investment Company. Through its subsidiaries, the Company engages in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes, and providing funds transfer services.

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

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