Teacher Retirement System of Texas Buys Shares of 5,515 Community Trust Bancorp (CTBI)

Teacher Retirement System of Texas bought a new stake in Community Trust Bancorp (NASDAQ:CTBI) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 5,515 shares of the financial services provider’s stock, valued at approximately $260,000.

Several other institutional investors also recently modified their holdings of CTBI. New York State Common Retirement Fund grew its position in shares of Community Trust Bancorp by 215.4% during the 3rd quarter. New York State Common Retirement Fund now owns 53,300 shares of the financial services provider’s stock valued at $2,478,000 after buying an additional 36,400 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Community Trust Bancorp by 2.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 978,098 shares of the financial services provider’s stock valued at $45,482,000 after buying an additional 25,343 shares during the last quarter. Calton & Associates Inc. bought a new stake in shares of Community Trust Bancorp during the 4th quarter valued at about $1,119,000. Dalton Greiner Hartman Maher & Co. grew its position in shares of Community Trust Bancorp by 4.6% during the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 505,257 shares of the financial services provider’s stock valued at $23,798,000 after buying an additional 22,070 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Community Trust Bancorp by 42.8% during the 3rd quarter. Wells Fargo & Company MN now owns 20,587 shares of the financial services provider’s stock valued at $957,000 after buying an additional 6,173 shares during the last quarter. Institutional investors and hedge funds own 58.75% of the company’s stock.

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Community Trust Bancorp (NASDAQ CTBI) opened at $44.25 on Monday. Community Trust Bancorp has a 1 year low of $40.33 and a 1 year high of $51.90. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.11. The company has a market cap of $783.70, a PE ratio of 15.86 and a beta of 0.71.

Community Trust Bancorp (NASDAQ:CTBI) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.72 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.02). Community Trust Bancorp had a return on equity of 9.52% and a net margin of 25.22%. The firm had revenue of $47.52 million during the quarter, compared to the consensus estimate of $48.00 million. sell-side analysts forecast that Community Trust Bancorp will post 3.3 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Shareholders of record on Thursday, March 15th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Wednesday, March 14th. Community Trust Bancorp’s dividend payout ratio (DPR) is 45.36%.

Several research analysts have commented on the stock. BidaskClub cut shares of Community Trust Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 27th. Zacks Investment Research cut shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, ValuEngine upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $47.00.

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Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, Keogh plans, and savings certificates, as well as checking and savings, individual retirement, NOW, and money market accounts.

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

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