Intech Investment Management LLC Buys Shares of 7,813 Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Intech Investment Management LLC acquired a new position in Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,813 shares of the financial services provider's stock, valued at approximately $414,000.

A number of other large investors have also recently modified their holdings of the stock. Barclays PLC grew its stake in Community Trust Bancorp by 45.8% in the third quarter. Barclays PLC now owns 50,376 shares of the financial services provider's stock worth $2,502,000 after purchasing an additional 15,832 shares during the period. JPMorgan Chase & Co. grew 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 worth $4,729,000 after buying an additional 24,622 shares during the period. Merit Financial Group LLC increased its stake in shares of Community Trust Bancorp by 9.7% in 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 in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Community Trust Bancorp during the 4th quarter valued at about $319,000. Finally, Assenagon Asset Management S.A. lifted its position in Community Trust Bancorp by 95.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 26,620 shares of the financial services provider's stock valued at $1,412,000 after acquiring an additional 13,012 shares during the period. Institutional investors own 60.20% of the company's stock.

Remove Ads

Community Trust Bancorp Stock Down 1.9 %

CTBI traded down $0.97 during midday trading on Friday, reaching $50.94. The company's stock had a trading volume of 3,027 shares, compared to its average volume of 53,612. Community Trust Bancorp, Inc. has a 1 year low of $39.28 and a 1 year 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. The firm has a market capitalization of $922.12 million, a price-to-earnings ratio of 11.05 and a beta of 0.62. The stock's 50-day moving average is $53.50 and its 200-day moving average is $53.46.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last released its earnings results on Wednesday, January 15th. The financial services provider reported $1.25 EPS for the quarter, topping the consensus estimate 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 prior year, the business earned $1.04 EPS. As a group, research analysts expect that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be issued a $0.47 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.88 annualized dividend and a yield of 3.69%. Community Trust Bancorp's dividend payout ratio (DPR) is presently 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.