Community Trust Bancorp, Inc. (NASDAQ:CTBI) Stock Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,032 shares of the financial services provider's stock after selling 15,832 shares during the period. Bank of New York Mellon Corp owned approximately 0.63% of Community Trust Bancorp worth $5,994,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in Community Trust Bancorp during the 3rd quarter valued at approximately $63,000. New York State Teachers Retirement System acquired a new stake in shares of Community Trust Bancorp in the 4th quarter valued at about $75,000. Coastline Trust Co bought a new position in shares of Community Trust Bancorp during the third quarter worth about $79,000. BNP Paribas Financial Markets grew its stake in Community Trust Bancorp by 33.7% in the third quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider's stock worth $213,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Merit Financial Group LLC increased its holdings in Community Trust Bancorp by 9.7% in the fourth quarter. Merit Financial Group LLC now owns 5,217 shares of the financial services provider's stock valued at $277,000 after buying an additional 462 shares during the last quarter. Hedge funds and other institutional investors own 60.20% of the company's stock.

Community Trust Bancorp Stock Performance

NASDAQ:CTBI traded down $0.92 during trading hours on Thursday, reaching $51.19. 21,854 shares of the stock were exchanged, compared to its average volume of 50,836. Community Trust Bancorp, Inc. has a 52 week low of $38.53 and a 52 week high of $61.67. 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 stock has a market capitalization of $926.55 million, a P/E ratio of 11.17 and a beta of 0.62. The firm has a 50 day simple moving average of $53.51 and a 200-day simple moving average of $53.40.

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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 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.05. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. During the same period in the prior year, the firm earned $1.04 earnings per share. As a group, sell-side analysts forecast that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be paid a dividend of $0.47 per share. The ex-dividend date is Friday, March 14th. This represents a $1.88 annualized dividend and a yield of 3.67%. Community Trust Bancorp's dividend payout ratio (DPR) 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.