Hillsdale Investment Management Inc. Acquires New Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Hillsdale Investment Management Inc. purchased a new position in Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 70,369 shares of the financial services provider's stock, valued at approximately $3,732,000. Hillsdale Investment Management Inc. owned 0.39% of Community Trust Bancorp at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. US Bancorp DE increased its position in Community Trust Bancorp by 311.8% in the fourth quarter. US Bancorp DE now owns 560 shares of the financial services provider's stock worth $30,000 after buying an additional 424 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Community Trust Bancorp during the 3rd quarter worth $63,000. New York State Teachers Retirement System purchased a new position in shares of Community Trust Bancorp in the fourth quarter worth about $75,000. BNP Paribas Financial Markets grew its stake in 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 buying an additional 1,079 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Community Trust Bancorp during the fourth quarter worth $235,000. Hedge funds and other institutional investors own 60.20% of the company's stock.

Community Trust Bancorp Price Performance

NASDAQ CTBI traded up $0.16 during trading hours on Thursday, hitting $51.90. The company had a trading volume of 32,025 shares, compared to its average volume of 51,264. The firm has a 50 day simple moving average of $53.50 and a 200 day simple moving average of $53.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. 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 $939.49 million, a price-to-earnings ratio of 11.26 and a beta of 0.62.

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Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share (EPS) 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 period in the previous year, the firm posted $1.04 EPS. Equities research analysts expect that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current year.

Community Trust Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, March 14th. Community Trust Bancorp's dividend payout ratio (DPR) is 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.