Teacher Retirement System of Texas Increases Stock Holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Teacher Retirement System of Texas lifted its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI - Free Report) by 35.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,589 shares of the financial services provider's stock after purchasing an additional 7,698 shares during the period. Teacher Retirement System of Texas owned about 0.16% of Community Trust Bancorp worth $1,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Community Trust Bancorp by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 125,372 shares of the financial services provider's stock valued at $6,226,000 after acquiring an additional 1,914 shares during the period. Quantbot Technologies LP bought a new stake in Community Trust Bancorp during the 3rd quarter valued at approximately $63,000. BNP Paribas Financial Markets boosted 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 worth $213,000 after purchasing an additional 1,079 shares during the period. Martingale Asset Management L P grew its holdings in Community Trust Bancorp by 9.6% during the 3rd quarter. Martingale Asset Management L P now owns 43,078 shares of the financial services provider's stock valued at $2,139,000 after buying an additional 3,780 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of Community Trust Bancorp in the third quarter worth $282,000. 60.20% of the stock is currently owned by institutional investors.

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Community Trust Bancorp Price Performance

CTBI traded up $0.17 during trading on Tuesday, hitting $50.53. 30,088 shares of the company traded hands, compared to its average volume of 61,986. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The company has a market cap of $914.69 million, a PE ratio of 10.96 and a beta of 0.62. The stock's 50-day simple moving average is $53.37 and its two-hundred day simple moving average is $53.58. Community Trust Bancorp, Inc. has a 1 year low of $39.28 and a 1 year high of $61.67.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last issued 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 return on equity of 11.36% and a net margin of 22.02%. During the same period in the previous year, the business earned $1.04 EPS. As a group, sell-side analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 3.72%. 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.