Community Trust Bancorp, Inc. (NASDAQ:CTBI) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. increased its stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 350,755 shares of the financial services provider's stock after acquiring an additional 35,777 shares during the period. American Century Companies Inc. owned approximately 1.94% of Community Trust Bancorp worth $18,601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in Community Trust Bancorp in the 4th quarter valued at about $1,860,000. JPMorgan Chase & Co. raised its holdings in Community Trust Bancorp by 34.9% in the third quarter. JPMorgan Chase & Co. now owns 95,233 shares of the financial services provider's stock valued at $4,729,000 after acquiring an additional 24,622 shares in the last quarter. Barclays PLC lifted 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 acquiring an additional 15,832 shares during the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Community Trust Bancorp during the 3rd quarter worth approximately $786,000. Finally, Assenagon Asset Management S.A. increased its position in shares of Community Trust Bancorp by 95.6% in 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 purchasing an additional 13,012 shares during the last quarter. 60.20% of the stock is currently owned by hedge funds and other institutional investors.

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Community Trust Bancorp Stock Up 0.6 %

Shares of Community Trust Bancorp stock traded up $0.32 during trading on Tuesday, hitting $50.68. 61,640 shares of the stock were exchanged, compared to its average volume of 53,792. The stock has a market cap of $917.41 million, a price-to-earnings ratio of 10.99 and a beta of 0.62. The firm's 50-day moving average price is $53.37 and its 200 day moving average price is $53.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. Community Trust Bancorp, Inc. has a 12-month low of $39.28 and a 12-month high of $61.67.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share (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 quarter in the previous year, the company posted $1.04 earnings per share. As a group, analysts forecast that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be issued a dividend of $0.47 per share. The ex-dividend date is Friday, March 14th. This represents a $1.88 dividend on an annualized basis and a yield of 3.71%. Community Trust Bancorp's payout ratio is currently 40.78%.

Community Trust Bancorp Company Profile

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.