Thrivent Financial for Lutherans Sells 13,190 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Thrivent Financial for Lutherans lessened its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 16.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 67,758 shares of the financial services provider's stock after selling 13,190 shares during the period. Thrivent Financial for Lutherans owned about 0.38% of Community Trust Bancorp worth $3,593,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE raised its stake in shares of Community Trust Bancorp by 311.8% during the 4th quarter. US Bancorp DE now owns 560 shares of the financial services provider's stock worth $30,000 after purchasing an additional 424 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. Franklin Resources Inc. raised its position in Community Trust Bancorp by 9.7% during the third quarter. Franklin Resources Inc. now owns 10,044 shares of the financial services provider's stock worth $503,000 after acquiring an additional 889 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Community Trust Bancorp by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 126,276 shares of the financial services provider's stock valued at $6,696,000 after acquiring an additional 904 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Community Trust Bancorp by 33.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider's stock valued at $213,000 after acquiring an additional 1,079 shares during the period. 60.20% of the stock is owned by institutional investors and hedge funds.

Community Trust Bancorp Stock Performance

Shares of Community Trust Bancorp stock traded down $1.01 during trading on Friday, hitting $50.89. 33,008 shares of the stock were exchanged, compared to its average volume of 53,582. Community Trust Bancorp, Inc. has a 1-year low of $39.28 and a 1-year high of $61.67. The stock has a market capitalization of $921.21 million, a price-to-earnings ratio of 11.04 and a beta of 0.62. The company has a fifty day moving average price of $53.44 and a 200-day moving average price of $53.52. 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 (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 for the quarter, topping 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 quarter in the prior year, the firm earned $1.04 EPS. As a group, equities analysts predict that Community Trust Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Community Trust Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Friday, March 14th. Community Trust Bancorp's dividend payout ratio (DPR) is presently 40.78%.

Community Trust Bancorp 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.