Swiss National Bank held its position in Community Trust Bancorp Inc. (NASDAQ:CTBI) during the second quarter, Holdings Channel reports. The institutional investor owned 25,490 shares of the financial services provider’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.15% of Community Trust Bancorp worth $883,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of CTBI. Aperio Group LLC increased its position in Community Trust Bancorp by 20.5% in the first quarter. Aperio Group LLC now owns 13,259 shares of the financial services provider’s stock worth $468,000 after buying an additional 2,252 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Community Trust Bancorp by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 497,641 shares of the financial services provider’s stock worth $17,577,000 after buying an additional 4,494 shares in the last quarter. Huntington Asset Advisors Inc. acquired a new stake in Community Trust Bancorp during the first quarter valued at about $155,000. Metropolitan Life Insurance Co. NY raised its stake in Community Trust Bancorp by 3.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 12,091 shares of the financial services provider’s stock valued at $427,000 after buying an additional 353 shares during the last quarter. Finally, Community Trust & Investment Co. raised its stake in Community Trust Bancorp by 1.1% in the second quarter. Community Trust & Investment Co. now owns 1,925,213 shares of the financial services provider’s stock valued at $66,728,000 after buying an additional 20,448 shares during the last quarter. 53.44% of the stock is currently owned by institutional investors.
Community Trust Bancorp Inc. (NASDAQ:CTBI) traded up 0.30% during midday trading on Friday, hitting $36.88. 9,821 shares of the stock traded hands. The firm has a market cap of $646.51 million, a P/E ratio of 13.97 and a beta of 0.78. Community Trust Bancorp Inc. has a 1-year low of $30.89 and a 1-year high of $37.49. The company has a 50-day moving average price of $36.70 and a 200-day moving average price of $35.69.
Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.02. Community Trust Bancorp had a return on equity of 9.61% and a net margin of 24.13%. Analysts predict that Community Trust Bancorp Inc. will post $2.70 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th were given a $0.32 dividend. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Tuesday, September 13th. Community Trust Bancorp’s dividend payout ratio (DPR) is 48.49%.
Separately, Zacks Investment Research lowered shares of Community Trust Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th.
In other news, CFO Kevin J. Stumbo sold 1,487 shares of Community Trust Bancorp stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $36.45, for a total value of $54,201.15. Following the transaction, the chief financial officer now directly owns 917 shares of the company’s stock, valued at $33,424.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark A. Gooch sold 9,532 shares of Community Trust Bancorp stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $37.19, for a total transaction of $354,495.08. Following the completion of the transaction, the executive vice president now directly owns 19,585 shares in the company, valued at $728,366.15. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by insiders.
Community Trust Bancorp Company Profile
Community Trust Bancorp, Inc (CTBI) is a bank holding company. The Company operates in the community banking services segment. The Company owns a commercial bank and a trust company, serving small and mid-sized communities in eastern, northeastern, central and south central Kentucky; southern West Virginia, and northeastern Tennessee.
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