First Trust Advisors LP Has $1.19 Million Stake in Community Trust Bancorp, Inc. (CTBI)

First Trust Advisors LP cut its stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 10.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,682 shares of the financial services provider’s stock after selling 3,034 shares during the quarter. First Trust Advisors LP owned about 0.14% of Community Trust Bancorp worth $1,190,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Community Trust Bancorp by 4.3% in the 2nd quarter. BlackRock Inc. now owns 1,186,464 shares of the financial services provider’s stock valued at $59,265,000 after acquiring an additional 49,447 shares during the period. Dalton Greiner Hartman Maher & Co. increased its holdings in shares of Community Trust Bancorp by 5.7% in the 3rd quarter. Dalton Greiner Hartman Maher & Co. now owns 591,538 shares of the financial services provider’s stock valued at $27,418,000 after acquiring an additional 31,832 shares during the period. Bank of Montreal Can increased its holdings in shares of Community Trust Bancorp by 57,646.3% in the 2nd quarter. Bank of Montreal Can now owns 23,676 shares of the financial services provider’s stock valued at $1,182,000 after acquiring an additional 23,635 shares during the period. Citadel Advisors LLC increased its holdings in shares of Community Trust Bancorp by 22.9% in the 2nd quarter. Citadel Advisors LLC now owns 45,557 shares of the financial services provider’s stock valued at $2,276,000 after acquiring an additional 8,487 shares during the period. Finally, California Public Employees Retirement System increased its holdings in shares of Community Trust Bancorp by 19.5% in the 2nd quarter. California Public Employees Retirement System now owns 30,798 shares of the financial services provider’s stock valued at $1,538,000 after acquiring an additional 5,024 shares during the period. Institutional investors and hedge funds own 58.40% of the company’s stock.

Community Trust Bancorp stock opened at $43.19 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $753.10 million, a PE ratio of 15.43 and a beta of 0.47. Community Trust Bancorp, Inc. has a 1-year low of $41.70 and a 1-year high of $53.00.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, October 17th. The financial services provider reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.07. The firm had revenue of $48.80 million during the quarter, compared to analysts’ expectations of $48.50 million. Community Trust Bancorp had a return on equity of 10.95% and a net margin of 26.68%. As a group, equities research analysts expect that Community Trust Bancorp, Inc. will post 3.49 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 1st. Stockholders of record on Saturday, December 15th will be given a $0.36 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.33%. Community Trust Bancorp’s payout ratio is 51.43%.

A number of analysts have recently weighed in on the company. Zacks Investment Research raised Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Monday, October 22nd. BidaskClub cut Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Friday. Finally, ValuEngine cut Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.

In other Community Trust Bancorp news, Director Franky Minnifield acquired 2,275 shares of the stock in a transaction dated Wednesday, October 17th. The stock was purchased at an average price of $44.64 per share, with a total value of $101,556.00. Following the transaction, the director now directly owns 1,007 shares of the company’s stock, valued at $44,952.48. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.80% of the stock is owned by company insiders.

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Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, Keogh plans, and savings certificates, as well as checking and savings, individual retirement, NOW, and money market accounts.

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Institutional Ownership by Quarter for Community Trust Bancorp (NASDAQ:CTBI)

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