Prudential Financial Inc. lifted its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 5.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,659 shares of the financial services provider’s stock after acquiring an additional 6,620 shares during the quarter. Prudential Financial Inc. owned 0.71% of Community Trust Bancorp worth $5,498,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CTBI. Nationwide Fund Advisors lifted its holdings in shares of Community Trust Bancorp by 24.3% in the 1st quarter. Nationwide Fund Advisors now owns 30,730 shares of the financial services provider’s stock worth $1,406,000 after acquiring an additional 5,998 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Community Trust Bancorp by 63.7% in the 1st quarter. Russell Investments Group Ltd. now owns 28,977 shares of the financial services provider’s stock worth $1,326,000 after buying an additional 11,280 shares during the period. First Trust Advisors LP increased its stake in Community Trust Bancorp by 3.2% in the 1st quarter. First Trust Advisors LP now owns 49,875 shares of the financial services provider’s stock worth $2,282,000 after buying an additional 1,529 shares during the period. Bank of New York Mellon Corp increased its stake 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 period. Finally, Karp Capital Management Corp purchased a new position in Community Trust Bancorp in the 1st quarter worth about $422,000. Hedge funds and other institutional investors own 56.72% of the company’s stock.

Community Trust Bancorp, Inc. (NASDAQ:CTBI) opened at 41.95 on Monday. The company has a 50-day moving average of $42.29 and a 200 day moving average of $43.69. The stock has a market cap of $739.37 million, a P/E ratio of 15.71 and a beta of 0.69. 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 posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.65 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.03). Community Trust Bancorp had a net margin of 23.68% and a return on equity of 9.29%. The company had revenue of $46.55 million during the quarter, compared to analyst estimates of $46.70 million. Analysts predict that Community Trust Bancorp, Inc. will post $2.74 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders of record on Friday, September 15th will be given a $0.33 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.32 dividend on an annualized basis and a yield of 3.15%. This is a boost from Community Trust Bancorp’s previous quarterly dividend of $0.32. Community Trust Bancorp’s dividend payout ratio is presently 49.62%.

CTBI has been the topic of several recent analyst reports. BidaskClub downgraded shares of Community Trust Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Zacks Investment Research raised shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Tuesday, June 20th. Finally, ValuEngine raised shares of Community Trust Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $46.00.

In other Community Trust Bancorp news, insider Andy D. Waters sold 824 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $42.35, for a total value of $34,896.40. Following the transaction, the insider now owns 1,268 shares of the company’s stock, valued at $53,699.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.80% of the company’s stock.

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

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