American Century Companies Inc. Has $18.60 Million Stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

American Century Companies Inc. grew its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 11.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,755 shares of the financial services provider's stock after buying an additional 35,777 shares during the quarter. 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 large investors also recently modified their holdings of CTBI. Barclays PLC raised its holdings in Community Trust Bancorp by 45.8% during 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 in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Community Trust Bancorp in the 4th quarter valued at approximately $414,000. JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 24,622 shares in the last quarter. Merit Financial Group LLC increased its holdings in Community Trust Bancorp by 9.7% during the fourth quarter. Merit Financial Group LLC now owns 5,217 shares of the financial services provider's stock worth $277,000 after buying an additional 462 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Community Trust Bancorp during the fourth quarter worth $319,000. 60.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Raymond James decreased their price objective on shares of Community Trust Bancorp from $60.00 to $58.00 and set an "outperform" rating for the company in a research report on Wednesday.

Community Trust Bancorp Stock Performance

Shares of CTBI traded down $3.07 during mid-day trading on Thursday, reaching $47.38. The company's stock had a trading volume of 100,312 shares, compared to its average volume of 54,098. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. Community Trust Bancorp, Inc. has a 1-year low of $39.28 and a 1-year high of $61.67. The business has a 50-day simple moving average of $53.12 and a two-hundred day simple moving average of $53.53. The stock has a market cap of $857.67 million, a P/E ratio of 10.28 and a beta of 0.62.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, beating 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 prior year, the business posted $1.04 earnings per share. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Friday, March 14th. Community Trust Bancorp's 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.