Voya Investment Management LLC Has $491,000 Position in Community Trust Bancorp, Inc. (CTBI)
Voya Investment Management LLC increased its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 6.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,230 shares of the financial services provider’s stock after purchasing an additional 637 shares during the period. Voya Investment Management LLC owned 0.06% of Community Trust Bancorp worth $491,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. BNP Paribas Arbitrage SA grew its stake in shares of Community Trust Bancorp by 350.6% during the second quarter. BNP Paribas Arbitrage SA now owns 2,555 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,988 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Community Trust Bancorp by 4.3% during the second quarter. Legal & General Group Plc now owns 3,793 shares of the financial services provider’s stock worth $166,000 after purchasing an additional 156 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Community Trust Bancorp by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,527 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 679 shares in the last quarter. KCG Holdings Inc. purchased a new stake in Community Trust Bancorp in the first quarter valued at $246,000. Finally, Virginia Retirement Systems ET AL lifted its position in Community Trust Bancorp by 87.2% in the second quarter. Virginia Retirement Systems ET AL now owns 8,800 shares of the financial services provider’s stock valued at $385,000 after acquiring an additional 4,100 shares during the last quarter. Hedge funds and other institutional investors own 56.76% of the company’s stock.
Shares of Community Trust Bancorp, Inc. (NASDAQ CTBI) opened at $48.35 on Tuesday. Community Trust Bancorp, Inc. has a 1 year low of $36.05 and a 1 year high of $51.35. The firm has a market cap of $856.33, a price-to-earnings ratio of 17.68 and a beta of 0.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.31.
Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. Community Trust Bancorp had a net margin of 24.15% and a return on equity of 9.54%. The firm had revenue of $47.17 million during the quarter, compared to analysts’ expectations of $48.17 million. equities analysts predict that Community Trust Bancorp, Inc. will post 2.75 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be given a $0.33 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.32 dividend on an annualized basis and a yield of 2.73%. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 48.18%.
CTBI has been the subject of a number of research reports. Zacks Investment Research raised shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Monday, October 23rd. BidaskClub cut shares of Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. Community Trust Bancorp currently has a consensus rating of “Hold” and an average target price of $50.00.
In other news, Chairman Jean R. Hale sold 6,875 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $50.60, for a total value of $347,875.00. Following the completion of the sale, the chairman now directly owns 126,397 shares of the company’s stock, valued at $6,395,688.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Franky Minnifield sold 4,183 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $50.26, for a total transaction of $210,237.58. Following the completion of the sale, the director now directly owns 5,075 shares of the company’s stock, valued at $255,069.50. The disclosure for this sale can be found here. Insiders sold 11,599 shares of company stock valued at $584,862 over the last ninety days. Corporate insiders own 4.80% of the company’s stock.
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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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