Thrivent Financial for Lutherans Cuts Holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Community Trust Bancorp by 81.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,525 shares of the financial services provider's stock valued at $1,119,000 after purchasing an additional 10,093 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Community Trust Bancorp by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 125,372 shares of the financial services provider's stock worth $6,226,000 after purchasing an additional 1,914 shares during the period. Quantbot Technologies LP purchased a new stake in Community Trust Bancorp during the 3rd quarter valued at $63,000. BNP Paribas Financial Markets lifted its holdings in shares of Community Trust Bancorp by 33.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider's stock valued at $213,000 after buying an additional 1,079 shares during the period. Finally, Martingale Asset Management L P boosted its stake in shares of Community Trust Bancorp by 9.6% in the 3rd quarter. Martingale Asset Management L P now owns 43,078 shares of the financial services provider's stock worth $2,139,000 after buying an additional 3,780 shares during the last quarter. 60.20% of the stock is owned by institutional investors.

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Community Trust Bancorp Stock Performance

NASDAQ CTBI traded down $0.97 during trading hours on Friday, hitting $50.94. 3,027 shares of the company's stock traded hands, compared to its average volume of 53,612. 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 52 week low of $39.28 and a 52 week high of $61.67. The firm has a market capitalization of $922.12 million, a P/E ratio of 11.05 and a beta of 0.62. The business's fifty day moving average price is $53.50 and its two-hundred day moving average price is $53.46.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last posted its quarterly earnings data 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 company earned $1.04 EPS. Equities research analysts predict 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. Investors of record on Saturday, March 15th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.69%. The ex-dividend date is Friday, March 14th. Community Trust Bancorp's dividend payout ratio is currently 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.