Victory Capital Management Inc. Decreases Stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Victory Capital Management Inc. lowered its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 5.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,282 shares of the financial services provider’s stock after selling 394 shares during the quarter. Victory Capital Management Inc.’s holdings in Community Trust Bancorp were worth $386,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. US Bancorp DE increased its holdings in Community Trust Bancorp by 311.8% in the 4th quarter. US Bancorp DE now owns 560 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 424 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Community Trust Bancorp in the 3rd quarter worth about $63,000. New York State Teachers Retirement System purchased a new stake in Community Trust Bancorp in the 4th quarter worth about $75,000. 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. Finally, Merit Financial Group LLC boosted its stake in Community Trust Bancorp by 9.7% in the 4th quarter. Merit Financial Group LLC now owns 5,217 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 462 shares during the period. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Up 0.1 %

Shares of NASDAQ CTBI opened at $51.26 on Friday. Community Trust Bancorp, Inc. has a 52 week low of $39.28 and a 52 week high of $61.67. The business has a 50-day simple moving average of $53.56 and a two-hundred day simple moving average of $53.40. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09. The company has a market cap of $927.91 million, a P/E ratio of 11.12 and a beta of 0.62.

Community Trust Bancorp (NASDAQ:CTBI) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $1.25 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 prior year, the company posted $1.04 earnings per share. Research 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 business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be paid a $0.47 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.88 annualized dividend and a yield of 3.67%. Community Trust Bancorp’s dividend payout ratio is currently 40.78%.

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.