Hillsdale Investment Management Inc. Purchases Shares of 70,369 Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Hillsdale Investment Management Inc. acquired a new position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 70,369 shares of the financial services provider’s stock, valued at approximately $3,732,000. Hillsdale Investment Management Inc. owned 0.39% of Community Trust Bancorp at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. US Bancorp DE increased its holdings in Community Trust Bancorp by 311.8% during the 4th quarter. US Bancorp DE now owns 560 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 424 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Community Trust Bancorp during the third quarter worth approximately $63,000. New York State Teachers Retirement System acquired a new stake in Community Trust Bancorp in the fourth quarter valued at approximately $75,000. BNP Paribas Financial Markets lifted its stake in Community Trust Bancorp by 33.7% in the third quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider’s stock worth $213,000 after acquiring an additional 1,079 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Community Trust Bancorp during the 4th quarter worth approximately $235,000. 60.20% of the stock is currently owned by institutional investors and hedge funds.

Community Trust Bancorp Price Performance

Shares of CTBI opened at $51.26 on Friday. The firm has a market capitalization of $927.91 million, a price-to-earnings ratio of 11.12 and a beta of 0.62. The firm’s fifty day simple moving average is $53.56 and its 200-day simple moving average is $53.40. Community Trust Bancorp, Inc. has a twelve month low of $39.28 and a twelve month high of $61.67. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.02%. During the same period in the previous year, the firm earned $1.04 EPS. Equities analysts forecast that Community Trust Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Community Trust Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.67%. The ex-dividend date is Friday, March 14th. Community Trust Bancorp’s payout ratio is 40.78%.

About Community Trust Bancorp

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that engages in the provision of commercial and personal banking, and trust and wealth management services to small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, as well as southern West Virginia, and northeastern Tennessee.