Vanguard Group Inc. grew its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 880,354 shares of the financial services provider’s stock after acquiring an additional 5,224 shares during the quarter. Vanguard Group Inc. owned about 4.99% of Community Trust Bancorp worth $38,516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in shares of Community Trust Bancorp by 0.7% in the second quarter. Wells Fargo & Company MN now owns 14,414 shares of the financial services provider’s stock valued at $630,000 after acquiring an additional 100 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Community Trust Bancorp by 4.3% in the second quarter. Legal & General Group Plc now owns 3,793 shares of the financial services provider’s stock valued at $166,000 after acquiring an additional 156 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of 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 acquiring an additional 500 shares in the last quarter. Strs Ohio lifted its position in shares of Community Trust Bancorp by 3.5% in the second quarter. Strs Ohio now owns 17,700 shares of the financial services provider’s stock valued at $774,000 after acquiring an additional 600 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of Community Trust Bancorp by 6.9% in the first quarter. American International Group Inc. now owns 9,363 shares of the financial services provider’s stock valued at $428,000 after acquiring an additional 606 shares in the last quarter. Institutional investors and hedge funds own 56.76% of the company’s stock.

CTBI has been the topic of several research reports. Zacks Investment Research downgraded Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub downgraded Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $50.00.

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In related news, Chairman Jean R. Hale sold 6,875 shares of Community Trust Bancorp stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $50.60, for a total transaction of $347,875.00. Following the transaction, the chairman now owns 126,397 shares in the company, valued at $6,395,688.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Franky Minnifield sold 4,183 shares of Community Trust Bancorp stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $50.26, for a total value of $210,237.58. Following the transaction, the director now owns 5,075 shares in the company, valued at approximately $255,069.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,599 shares of company stock worth $584,862. 4.80% of the stock is currently owned by company insiders.

Community Trust Bancorp, Inc. (NASDAQ CTBI) opened at $47.40 on Wednesday. The firm has a market capitalization of $854.56, a P/E ratio of 17.65 and a beta of 0.68. Community Trust Bancorp, Inc. has a 1 year low of $36.05 and a 1 year high of $51.35. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.95 and a quick ratio of 0.95.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. Community Trust Bancorp had a return on equity of 9.54% and a net margin of 24.15%. The firm had revenue of $47.17 million for the quarter, compared to the consensus estimate of $48.17 million. sell-side analysts expect that Community Trust Bancorp, Inc. will post 2.75 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.32 dividend on an annualized basis and a yield of 2.78%. Community Trust Bancorp’s payout ratio is 48.18%.

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.

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

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