BlackRock Inc. boosted its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 1.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,202,108 shares of the financial services provider’s stock after purchasing an additional 15,644 shares during the period. BlackRock Inc. owned about 0.07% of Community Trust Bancorp worth $55,719,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its position in Community Trust Bancorp by 2.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 90,967 shares of the financial services provider’s stock worth $4,544,000 after acquiring an additional 1,762 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Community Trust Bancorp by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,111,100 shares of the financial services provider’s stock worth $55,500,000 after acquiring an additional 45,734 shares during the last quarter. Renaissance Technologies LLC raised its position in Community Trust Bancorp by 10.6% during the second quarter. Renaissance Technologies LLC now owns 206,400 shares of the financial services provider’s stock worth $10,310,000 after acquiring an additional 19,823 shares during the last quarter. Raymond James & Associates raised its position in Community Trust Bancorp by 11.3% during the second quarter. Raymond James & Associates now owns 61,411 shares of the financial services provider’s stock worth $3,067,000 after acquiring an additional 6,256 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in Community Trust Bancorp during the second quarter worth about $120,000. 58.40% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CTBI opened at $41.74 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $746.19 million, a PE ratio of 14.74 and a beta of 0.63. Community Trust Bancorp, Inc. has a 1-year low of $35.70 and a 1-year high of $53.00.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.07. The business had revenue of $48.80 million during the quarter, compared to analyst estimates of $48.50 million. Community Trust Bancorp had a net margin of 26.68% and a return on equity of 10.95%. Research analysts anticipate that Community Trust Bancorp, Inc. will post 3.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 1st. Stockholders of record on Saturday, December 15th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Thursday, December 13th. Community Trust Bancorp’s dividend payout ratio is presently 51.43%.

A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research report on Tuesday, September 18th. BidaskClub cut shares of Community Trust Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 20th. Finally, ValuEngine upgraded shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th.

In other news, Director Franky Minnifield acquired 1,600 shares of the business’s stock in a transaction dated Thursday, December 13th. The stock was acquired at an average price of $41.74 per share, with a total value of $66,784.00. Following the completion of the transaction, the director now directly owns 3,605 shares in the company, valued at approximately $150,472.70. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders bought 4,475 shares of company stock valued at $193,708. Company insiders own 4.80% of the company’s stock.

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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, Keogh plans, and savings certificates, as well as checking and savings, individual retirement, NOW, and money market accounts.

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

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