Semanteon Capital Management LP Buys Shares of 5,060 Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Semanteon Capital Management LP acquired a new position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,060 shares of the financial services provider's stock, valued at approximately $268,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its stake in Community Trust Bancorp by 23.9% in the third quarter. Thrivent Financial for Lutherans now owns 80,948 shares of the financial services provider's stock valued at $4,020,000 after purchasing an additional 15,619 shares in the last quarter. Barclays PLC increased its holdings in Community Trust Bancorp by 45.8% in the 3rd quarter. Barclays PLC now owns 50,376 shares of the financial services provider's stock valued at $2,502,000 after buying an additional 15,832 shares during the period. JPMorgan Chase & Co. raised its position in shares of Community Trust Bancorp by 34.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,233 shares of the financial services provider's stock valued at $4,729,000 after buying an additional 24,622 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of Community Trust Bancorp by 9.7% during the 4th quarter. Merit Financial Group LLC now owns 5,217 shares of the financial services provider's stock worth $277,000 after acquiring an additional 462 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Community Trust Bancorp during the fourth quarter valued at approximately $319,000. 60.20% of the stock is owned by institutional investors and hedge funds.

Community Trust Bancorp Price Performance

Shares of CTBI stock traded up $0.16 during trading hours on Wednesday, reaching $51.74. The company's stock had a trading volume of 47,467 shares, compared to its average volume of 51,381. Community Trust Bancorp, Inc. has a fifty-two week low of $39.28 and a fifty-two week high of $61.67. The firm's 50 day simple moving average is $53.57 and its 200-day simple moving average is $53.48. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $936.60 million, a price-to-earnings ratio of 11.22 and a beta of 0.62.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last released its earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share (EPS) 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. Sell-side analysts forecast that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current year.

Community Trust Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Friday, March 14th. Community Trust Bancorp's dividend 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.