Dynamic Technology Lab Private Ltd Makes New $473,000 Investment in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,930 shares of the financial services provider's stock, valued at approximately $473,000.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of Community Trust Bancorp by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 374,544 shares of the financial services provider's stock valued at $19,866,000 after buying an additional 1,386 shares in the last quarter. American Century Companies Inc. boosted its position in Community Trust Bancorp by 11.4% in the fourth quarter. American Century Companies Inc. now owns 350,755 shares of the financial services provider's stock worth $18,601,000 after purchasing an additional 35,777 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Community Trust Bancorp by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 126,276 shares of the financial services provider's stock valued at $6,696,000 after purchasing an additional 904 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Community Trust Bancorp by 25.2% during the 4th quarter. JPMorgan Chase & Co. now owns 119,197 shares of the financial services provider's stock worth $6,321,000 after purchasing an additional 23,964 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in Community Trust Bancorp during the fourth quarter worth about $3,732,000. 60.20% of the stock is currently owned by institutional investors and hedge funds.

Community Trust Bancorp Price Performance

Community Trust Bancorp stock traded up $0.43 during midday trading on Monday, reaching $46.07. 27,586 shares of the stock were exchanged, compared to its average volume of 54,877. Community Trust Bancorp, Inc. has a 52 week low of $39.28 and a 52 week high of $61.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market cap of $833.96 million, a PE ratio of 9.99 and a beta of 0.55. The company's fifty day moving average is $51.98 and its 200-day moving average is $53.42.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last released its earnings results on Wednesday, January 15th. The financial services provider reported $1.25 EPS for the quarter, beating 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 last year, the company posted $1.04 EPS. On average, sell-side analysts forecast that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were paid a $0.47 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.88 annualized dividend and a yield of 4.08%. Community Trust Bancorp's payout ratio is 40.78%.

Analyst Ratings Changes

Separately, Raymond James dropped their price objective on shares of Community Trust Bancorp from $60.00 to $58.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd.

Community Trust Bancorp Company 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.