Connor Clark & Lunn Investment Management Ltd. Purchases 8,161 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 36.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,686 shares of the financial services provider's stock after purchasing an additional 8,161 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.17% of Community Trust Bancorp worth $1,627,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. US Bancorp DE increased its stake in 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. Quantbot Technologies LP bought a new stake in Community Trust Bancorp during the 3rd quarter worth approximately $63,000. New York State Teachers Retirement System bought a new stake in Community Trust Bancorp during the 4th quarter worth approximately $75,000. BNP Paribas Financial Markets increased its stake in 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 worth $213,000 after purchasing an additional 1,079 shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in Community Trust Bancorp by 9.7% during the 4th quarter. Merit Financial Group LLC now owns 5,217 shares of the financial services provider's stock worth $277,000 after purchasing an additional 462 shares in the last quarter. 60.20% of the stock is owned by institutional investors.

Remove Ads

Community Trust Bancorp Stock Up 0.1 %

Shares of CTBI traded up $0.07 during mid-day trading on Friday, hitting $51.26. 154,238 shares of the company's stock were exchanged, compared to its average volume of 51,247. The company has a market cap of $927.91 million, a PE ratio of 11.12 and a beta of 0.62. Community Trust Bancorp, Inc. has a 52 week low of $39.28 and a 52 week high of $61.67. The company has a 50-day simple moving average of $53.56 and a 200 day simple moving average of $53.40. 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 (NASDAQ:CTBI - Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share for the quarter, topping the consensus estimate 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 quarter in the previous year, the company posted $1.04 earnings per share. On average, research 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 declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.88 annualized dividend and a dividend yield of 3.67%. 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.