Clifford Capital Partners LLC Has $14.17 Million Holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Clifford Capital Partners LLC grew its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 7.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 324,515 shares of the financial services provider’s stock after acquiring an additional 23,564 shares during the quarter. Community Trust Bancorp accounts for 3.1% of Clifford Capital Partners LLC’s portfolio, making the stock its 18th largest holding. Clifford Capital Partners LLC’s holdings in Community Trust Bancorp were worth $14,168,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Community Trust Bancorp by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 120,219 shares of the financial services provider’s stock worth $5,273,000 after buying an additional 2,090 shares in the last quarter. Parallel Advisors LLC increased its holdings in Community Trust Bancorp by 77.8% in the 4th quarter. Parallel Advisors LLC now owns 704 shares of the financial services provider’s stock valued at $31,000 after buying an additional 308 shares during the period. Campbell & CO Investment Adviser LLC bought a new stake in Community Trust Bancorp in the fourth quarter valued at about $423,000. BTC Capital Management Inc. acquired a new position in shares of Community Trust Bancorp in the 1st quarter worth approximately $348,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in Community Trust Bancorp by 12.8% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,015 shares of the financial services provider’s stock valued at $512,000 after acquiring an additional 1,367 shares during the period. Institutional investors and hedge funds own 60.20% of the company’s stock.

Community Trust Bancorp Stock Down 3.7 %

Shares of NASDAQ CTBI opened at $47.81 on Wednesday. Community Trust Bancorp, Inc. has a 52-week low of $33.91 and a 52-week high of $52.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.88. The business has a fifty day moving average of $48.65 and a two-hundred day moving average of $44.61. The stock has a market cap of $861.82 million, a PE ratio of 11.09 and a beta of 0.64.

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

Community Trust Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Sunday, September 15th were given a dividend of $0.47 per share. The ex-dividend date was Friday, September 13th. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.46. This represents a $1.88 dividend on an annualized basis and a yield of 3.93%. Community Trust Bancorp’s dividend payout ratio is 43.62%.

Insider Activity at Community Trust Bancorp

In other Community Trust Bancorp news, EVP David Andrew Jones bought 10,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were bought at an average price of $32.27 per share, for a total transaction of $322,700.00. Following the completion of the acquisition, the executive vice president now owns 10,000 shares of the company’s stock, valued at $322,700. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.