Los Angeles Capital Management LLC Invests $337,000 in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Los Angeles Capital Management LLC purchased a new position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,715 shares of the financial services provider’s stock, valued at approximately $337,000.

Other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in shares of Community Trust Bancorp by 77.8% during the 4th quarter. Parallel Advisors LLC now owns 704 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 308 shares during the period. Innealta Capital LLC purchased a new position in Community Trust Bancorp in the second quarter valued at approximately $37,000. EntryPoint Capital LLC bought a new position in Community Trust Bancorp during the first quarter valued at $78,000. CWM LLC increased its position in Community Trust Bancorp by 1,932.0% in the second quarter. CWM LLC now owns 2,601 shares of the financial services provider’s stock worth $114,000 after buying an additional 2,473 shares during the last quarter. Finally, EMC Capital Management bought a new stake in shares of Community Trust Bancorp in the first quarter valued at $119,000. Institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Up 2.3 %

Shares of NASDAQ CTBI opened at $48.60 on Friday. The business’s fifty day moving average price is $48.01 and its 200-day moving average price is $43.85. Community Trust Bancorp, Inc. has a one year low of $33.48 and a one year high of $52.22. The stock has a market capitalization of $877.23 million, a PE ratio of 11.28 and a beta of 0.64. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88.

Community Trust Bancorp (NASDAQ:CTBI) last issued its earnings results on Wednesday, July 17th. The financial services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. Community Trust Bancorp had a net margin of 21.85% and a return on equity of 11.14%. The firm had revenue of $92.36 million during the quarter, compared to analyst estimates of $58.65 million. On average, equities research analysts anticipate that Community Trust Bancorp, Inc. will post 4.38 EPS for the current year.

Community Trust Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th will be issued a dividend of $0.47 per share. This is a boost from Community Trust Bancorp’s previous quarterly dividend of $0.46. The ex-dividend date is Friday, September 13th. This represents a $1.88 dividend on an annualized basis and a yield of 3.87%. Community Trust Bancorp’s payout ratio is presently 42.69%.

Insiders Place Their Bets

In related news, EVP David Andrew Jones acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were bought at an average cost of $32.27 per share, for a total transaction of $322,700.00. Following the purchase, the executive vice president now owns 10,000 shares in the company, valued at approximately $322,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased a total of 20,011 shares of company stock worth $645,881 over the last 90 days. Corporate insiders own 4.30% of the company’s stock.

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.