Community Trust Bancorp, Inc. (CTBI) Stake Increased by Schroder Investment Management Group

Schroder Investment Management Group raised its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 23.8% during the first quarter, Holdings Channel reports. The institutional investor owned 4,267 shares of the financial services provider’s stock after buying an additional 821 shares during the period. Schroder Investment Management Group’s holdings in Community Trust Bancorp were worth $198,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. acquired a new position in Community Trust Bancorp during the first quarter worth about $176,000. Numeric Investors LLC acquired a new position in Community Trust Bancorp during the fourth quarter worth about $203,000. Virginia Retirement Systems ET AL acquired a new position in Community Trust Bancorp during the first quarter worth about $215,000. Oxford Asset Management acquired a new position in Community Trust Bancorp during the first quarter worth about $305,000. Finally, Private Trust Co. NA increased its position in Community Trust Bancorp by 0.6% in the first quarter. Private Trust Co. NA now owns 7,691 shares of the financial services provider’s stock worth $351,000 after buying an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 58.87% of the company’s stock.

Institutional Ownership by Quarter for Community Trust Bancorp (NASDAQ:CTBI)

Shares of Community Trust Bancorp, Inc. (NASDAQ CTBI) opened at 44.10 on Tuesday. The firm has a market capitalization of $776.78 million, a P/E ratio of 16.48 and a beta of 0.69. The firm has a 50-day moving average of $43.54 and a 200 day moving average of $45.37. Community Trust Bancorp, Inc. has a 52 week low of $32.99 and a 52 week high of $51.35.

The company also recently declared a quarterly dividend, which will be paid on Saturday, July 1st. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Tuesday, June 13th. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 47.94%.

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A number of equities analysts have recently issued reports on CTBI shares. ValuEngine upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Zacks Investment Research upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Tuesday, April 11th. Sandler O’Neill upgraded shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, March 29th. Finally, Hilliard Lyons upgraded shares of Community Trust Bancorp from an “underperform” rating to a “neutral” rating and dropped their price objective for the company from $44.00 to $43.00 in a research note on Friday, April 21st.

In other Community Trust Bancorp news, EVP Mark A. Gooch sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $44.79, for a total transaction of $246,345.00. Following the completion of the transaction, the executive vice president now owns 21,206 shares in the company, valued at approximately $949,816.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.80% of the company’s stock.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc is a bank holding company. The Company holds interests in a commercial bank, Community Trust Bank, Inc (the Bank), and a trust company, Community Trust and Investment Company. Through its subsidiaries, the Company engages in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes, and providing funds transfer services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CTBI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding CTBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Community Trust Bancorp, Inc. (NASDAQ:CTBI).

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