Community Trust Bancorp, Inc. (CTBI) Stake Maintained by Dean Investment Associates LLC
Dean Investment Associates LLC held its stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 106,635 shares of the financial services provider’s stock at the close of the 2nd quarter. Dean Investment Associates LLC owned about 0.61% of Community Trust Bancorp worth $4,879,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Oxford Asset Management bought a new stake in shares of Community Trust Bancorp during the 1st quarter valued at about $305,000. Bank of New York Mellon Corp lifted its position in Community Trust Bancorp by 6.2% in the 1st quarter. Bank of New York Mellon Corp now owns 121,242 shares of the financial services provider’s stock worth $5,547,000 after buying an additional 7,111 shares during the last quarter. American International Group Inc. lifted its position in Community Trust Bancorp by 6.9% in the 1st quarter. American International Group Inc. now owns 9,363 shares of the financial services provider’s stock worth $428,000 after buying an additional 606 shares during the last quarter. Prudential Financial Inc. lifted its position in Community Trust Bancorp by 13.0% in the 1st quarter. Prudential Financial Inc. now owns 119,039 shares of the financial services provider’s stock worth $5,446,000 after buying an additional 13,680 shares during the last quarter. Finally, FMR LLC lifted its position in Community Trust Bancorp by 39.2% in the 1st quarter. FMR LLC now owns 407,750 shares of the financial services provider’s stock worth $18,655,000 after buying an additional 114,900 shares during the last quarter. Hedge funds and other institutional investors own 56.72% of the company’s stock.
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Community Trust Bancorp, Inc. (NASDAQ CTBI) traded up 1.109% during mid-day trading on Wednesday, reaching $43.325. The company had a trading volume of 3,475 shares. The company has a market capitalization of $763.60 million, a PE ratio of 16.227 and a beta of 0.69. The firm has a 50-day moving average of $42.36 and a 200 day moving average of $43.76. Community Trust Bancorp, Inc. has a 1-year low of $35.75 and a 1-year high of $51.35.
Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings results 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 firm had revenue of $46.55 million for the quarter, compared to analysts’ expectations of $46.70 million. Community Trust Bancorp had a net margin of 23.68% and a return on equity of 9.29%. On average, analysts predict that Community Trust Bancorp, Inc. will post $2.74 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Community Trust Bancorp’s previous quarterly dividend of $0.32. Community Trust Bancorp’s dividend payout ratio (DPR) is currently 48.12%.
In other Community Trust Bancorp news, insider Andy D. Waters sold 824 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $42.35, for a total transaction of $34,896.40. Following the completion of the transaction, the insider now owns 1,268 shares in the company, valued at approximately $53,699.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.80% of the company’s stock.
A number of research firms recently weighed in on CTBI. Zacks Investment Research downgraded Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, July 21st. BidaskClub downgraded Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, ValuEngine upgraded Community Trust Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Community Trust Bancorp presently has an average rating of “Hold” and an average target price of $46.00.
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.
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