Strs Ohio cut its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI – Free Report) by 17.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,300 shares of the financial services provider’s stock after selling 1,300 shares during the period. Strs Ohio’s holdings in Community Trust Bancorp were worth $224,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in CTBI. Victory Capital Management Inc. bought a new stake in shares of Community Trust Bancorp during the 2nd quarter valued at $232,000. EA Series Trust bought a new stake in shares of Community Trust Bancorp during the 2nd quarter valued at $1,568,000. Calton & Associates Inc. grew its position in shares of Community Trust Bancorp by 3.0% during the 2nd quarter. Calton & Associates Inc. now owns 11,244 shares of the financial services provider’s stock valued at $400,000 after acquiring an additional 325 shares during the period. Teacher Retirement System of Texas grew its position in shares of Community Trust Bancorp by 14.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,118 shares of the financial services provider’s stock valued at $644,000 after acquiring an additional 2,313 shares during the period. Finally, Wedge Capital Management L L P NC bought a new stake in shares of Community Trust Bancorp during the 2nd quarter valued at $996,000. 58.70% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Community Trust Bancorp in a research report on Thursday, October 5th. They set a “hold” rating for the company.
Community Trust Bancorp Trading Down 0.9 %
Shares of CTBI stock opened at $37.22 on Thursday. The company has a market cap of $669.63 million, a price-to-earnings ratio of 8.14 and a beta of 0.72. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a fifty day moving average price of $35.51 and a 200-day moving average price of $36.14. Community Trust Bancorp, Inc. has a 1 year low of $32.68 and a 1 year high of $48.05.
Community Trust Bancorp (NASDAQ:CTBI – Get Free Report) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.14. Community Trust Bancorp had a return on equity of 12.61% and a net margin of 26.34%. The business had revenue of $85.00 million during the quarter, compared to analyst estimates of $57.00 million. As a group, equities analysts predict that Community Trust Bancorp, Inc. will post 4.4 earnings per share for the current year.
Community Trust Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Shareholders of record on Friday, December 15th will be paid a $0.46 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.84 dividend on an annualized basis and a yield of 4.94%. Community Trust Bancorp’s payout ratio is presently 40.26%.
Insiders Place Their Bets
In other Community Trust Bancorp news, Director Franky Minnifield purchased 2,000 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was acquired at an average price of $33.78 per share, for a total transaction of $67,560.00. Following the purchase, the director now owns 16,334 shares of the company’s stock, valued at approximately $551,762.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Community Trust Bancorp news, Director Franky Minnifield purchased 2,000 shares of the business’s stock in a transaction on Friday, September 22nd. The stock was acquired at an average price of $33.78 per share, for a total transaction of $67,560.00. Following the purchase, the director now owns 16,334 shares of the company’s stock, valued at approximately $551,762.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ricky D. Sparkman acquired 1,981 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were purchased at an average price of $33.82 per share, with a total value of $66,997.42. Following the transaction, the executive vice president now owns 38,844 shares of the company’s stock, valued at $1,313,704.08. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 5,981 shares of company stock worth $213,257. Corporate insiders own 4.10% of the company’s stock.
About Community Trust Bancorp
Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, checking accounts, savings accounts and savings certificates, individual retirement accounts and Keogh plans, and money market accounts.
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