Numeric Investors LLC acquired a new position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,100 shares of the financial services provider’s stock, valued at approximately $203,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Private Trust Co. NA boosted its stake in Community Trust Bancorp by 0.9% in the third quarter. Private Trust Co. NA now owns 7,577 shares of the financial services provider’s stock valued at $281,000 after buying an additional 67 shares during the last quarter. BancorpSouth Inc boosted its stake in Community Trust Bancorp by 1.0% in the third quarter. BancorpSouth Inc now owns 7,842 shares of the financial services provider’s stock valued at $291,000 after buying an additional 80 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Community Trust Bancorp during the fourth quarter valued at about $390,000. Aperio Group LLC boosted its stake in Community Trust Bancorp by 6.3% in the third quarter. Aperio Group LLC now owns 11,910 shares of the financial services provider’s stock valued at $442,000 after buying an additional 703 shares during the last quarter. Finally, Summit Global Investments acquired a new stake in Community Trust Bancorp during the fourth quarter valued at about $511,000. 55.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) traded up 1.04% during mid-day trading on Friday, reaching $43.85. 135,634 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $45.05 and a 200 day moving average price of $43.75. Community Trust Bancorp, Inc. has a 12-month low of $32.99 and a 12-month high of $51.35. The firm has a market capitalization of $772.46 million, a price-to-earnings ratio of 16.25 and a beta of 0.61.
Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, January 18th. The financial services provider reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.02. The business earned $45.93 million during the quarter, compared to analysts’ expectations of $46.70 million. Community Trust Bancorp had a return on equity of 9.60% and a net margin of 24.28%. Analysts anticipate that Community Trust Bancorp, Inc. will post $2.76 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, April 1st. Stockholders of record on Wednesday, March 15th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.92%. The ex-dividend date was Monday, March 13th. Community Trust Bancorp’s dividend payout ratio is currently 47.58%.
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Several analysts recently issued reports on CTBI shares. Hilliard Lyons raised Community Trust Bancorp from an “underperform” rating to a “neutral” rating in a research note on Friday. Sandler O’Neill raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Finally, Zacks Investment Research raised Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Tuesday, January 10th.
In other news, insider Andy D. Waters sold 770 shares of the firm’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $45.87, for a total value of $35,319.90. Following the transaction, the insider now directly owns 1,568 shares of the company’s stock, valued at $71,924.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.10% of the company’s stock.
About Community Trust Bancorp
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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