EntryPoint Capital LLC Takes $78,000 Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

EntryPoint Capital LLC bought a new position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) in the 1st quarter, Holdings Channel reports. The fund bought 1,819 shares of the financial services provider’s stock, valued at approximately $78,000.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Community Trust Bancorp during the fourth quarter worth $109,000. Assenagon Asset Management S.A. boosted its position in shares of Community Trust Bancorp by 118.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 65,844 shares of the financial services provider’s stock worth $2,888,000 after purchasing an additional 35,765 shares in the last quarter. Chatham Capital Group Inc. acquired a new stake in shares of Community Trust Bancorp in the 4th quarter valued at about $234,000. Equitable Trust Co. increased its position in Community Trust Bancorp by 7.2% in the 4th quarter. Equitable Trust Co. now owns 9,680 shares of the financial services provider’s stock valued at $425,000 after buying an additional 647 shares in the last quarter. Finally, PBMares Wealth Management LLC acquired a new position in Community Trust Bancorp during the 4th quarter worth approximately $201,000. 60.20% of the stock is currently owned by institutional investors.

Community Trust Bancorp Trading Up 2.1 %

Shares of Community Trust Bancorp stock opened at $52.15 on Friday. The stock has a market capitalization of $940.06 million, a PE ratio of 12.10 and a beta of 0.66. Community Trust Bancorp, Inc. has a 52 week low of $33.48 and a 52 week high of $52.22. The stock has a 50 day moving average price of $43.64 and a two-hundred day moving average price of $42.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 0.88.

Community Trust Bancorp (NASDAQ:CTBI) last posted 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. Community Trust Bancorp had a net margin of 21.85% and a return on equity of 11.27%. The business had revenue of $92.36 million during the quarter, compared to the consensus estimate of $58.65 million. As a group, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Friday, September 13th. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.46. Community Trust Bancorp’s dividend payout ratio is currently 43.62%.

Insider Activity at Community Trust Bancorp

In related news, EVP Andy D. Waters acquired 10,000 shares of the firm’s stock in a transaction on Friday, July 19th. The stock was purchased at an average cost of $32.27 per share, with a total value of $322,700.00. Following the acquisition, the executive vice president now owns 11,401 shares of the company’s stock, valued at approximately $367,910.27. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. In the last quarter, insiders have acquired 20,011 shares of company stock valued at $645,881. 4.30% of the stock is owned by corporate insiders.

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.