Charles Schwab Investment Management Inc. Has $6.70 Million Stock Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Charles Schwab Investment Management Inc. boosted its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,276 shares of the financial services provider’s stock after purchasing an additional 904 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.70% of Community Trust Bancorp worth $6,696,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE grew its holdings in shares of Community Trust Bancorp by 311.8% during the 4th quarter. US Bancorp DE now owns 560 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 424 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Community Trust Bancorp in the 4th quarter valued at $319,000. Rhumbline Advisers increased its stake in Community Trust Bancorp by 5.2% in the fourth quarter. Rhumbline Advisers now owns 24,719 shares of the financial services provider’s stock valued at $1,311,000 after acquiring an additional 1,232 shares during the period. New York State Teachers Retirement System acquired a new position in Community Trust Bancorp in the fourth quarter worth about $75,000. Finally, Calton & Associates Inc. bought a new position in Community Trust Bancorp during the fourth quarter worth about $510,000. 60.20% of the stock is currently owned by institutional investors and hedge funds.

Community Trust Bancorp Stock Up 2.1 %

NASDAQ CTBI opened at $52.34 on Tuesday. Community Trust Bancorp, Inc. has a 1-year low of $39.28 and a 1-year high of $61.67. 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 stock’s 50 day moving average is $53.59 and its two-hundred day moving average is $53.46. The company has a market capitalization of $947.46 million, a price-to-earnings ratio of 11.35 and a beta of 0.62.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data 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 quarter last year, the company earned $1.04 earnings per share. Equities analysts forecast that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.59%. The ex-dividend date is Friday, March 14th. Community Trust Bancorp’s payout ratio 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.