Schwab Charles Investment Management Inc. increased its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 13.5% during the first quarter, Holdings Channel reports. The institutional investor owned 85,962 shares of the financial services provider’s stock after buying an additional 10,254 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Community Trust Bancorp were worth $3,933,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Martingale Asset Management L P boosted its position in shares of Community Trust Bancorp by 32.4% in the first quarter. Martingale Asset Management L P now owns 94,877 shares of the financial services provider’s stock valued at $4,341,000 after buying an additional 23,203 shares in the last quarter. Dean Investment Associates LLC boosted its stake in Community Trust Bancorp by 9.2% in the first quarter. Dean Investment Associates LLC now owns 106,635 shares of the financial services provider’s stock worth $4,879,000 after buying an additional 9,005 shares during the period. Oxford Asset Management acquired a new stake in Community Trust Bancorp during the first quarter worth approximately $305,000. Virginia Retirement Systems ET AL acquired a new stake in Community Trust Bancorp during the first quarter worth approximately $215,000. Finally, Parametric Portfolio Associates LLC boosted its stake in Community Trust Bancorp by 16.6% in the first quarter. Parametric Portfolio Associates LLC now owns 57,584 shares of the financial services provider’s stock worth $2,634,000 after buying an additional 8,219 shares during the period. Institutional investors own 57.34% of the company’s stock.

Community Trust Bancorp, Inc. (NASDAQ CTBI) traded up 0.59% during mid-day trading on Wednesday, hitting $42.50. The stock had a trading volume of 2,864 shares. Community Trust Bancorp, Inc. has a 12-month low of $35.75 and a 12-month high of $51.35. The stock has a 50-day moving average price of $43.29 and a 200 day moving average price of $44.35. The firm has a market cap of $749.06 million, a P/E ratio of 15.92 and a beta of 0.68.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.65 EPS 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 analyst estimates of $46.70 million. Community Trust Bancorp had a net margin of 23.68% and a return on equity of 9.29%. Equities analysts anticipate that Community Trust Bancorp, Inc. will post $2.74 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be issued a $0.33 dividend. This is a boost from Community Trust Bancorp’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Thursday, September 14th. Community Trust Bancorp’s dividend payout ratio (DPR) is currently 48.12%.

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A number of research firms have recently commented on CTBI. Zacks Investment Research cut Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. Hilliard Lyons upgraded Community Trust Bancorp from an “underperform” rating to a “neutral” rating and cut their price objective for the company from $44.00 to $43.00 in a research report on Friday, April 21st. BidaskClub cut 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. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Community Trust Bancorp presently has a consensus rating of “Hold” and a consensus price target of $46.00.

In other 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 value of $34,896.40. Following the completion of the sale, the insider now directly owns 1,268 shares of the company’s stock, valued at approximately $53,699.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.80% of the stock is owned by company insiders.

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

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