Stock Yards Bank & Trust Co. Buys New Shares in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Stock Yards Bank & Trust Co. purchased a new position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,058 shares of the financial services provider’s stock, valued at approximately $439,000. Stock Yards Bank & Trust Co. owned about 0.06% of Community Trust Bancorp as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Community Trust Bancorp by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,171,419 shares of the financial services provider’s stock worth $51,142,000 after acquiring an additional 12,707 shares during the last quarter. Vanguard Group Inc. increased its stake in Community Trust Bancorp by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 894,527 shares of the financial services provider’s stock worth $38,152,000 after purchasing an additional 11,043 shares in the last quarter. LSV Asset Management increased its stake in Community Trust Bancorp by 9.0% in the 1st quarter. LSV Asset Management now owns 290,157 shares of the financial services provider’s stock worth $12,375,000 after purchasing an additional 23,890 shares in the last quarter. American Century Companies Inc. lifted its stake in Community Trust Bancorp by 20.5% during the second quarter. American Century Companies Inc. now owns 274,759 shares of the financial services provider’s stock valued at $11,996,000 after buying an additional 46,745 shares in the last quarter. Finally, Heartland Advisors Inc. boosted its holdings in shares of Community Trust Bancorp by 216.9% in the first quarter. Heartland Advisors Inc. now owns 161,700 shares of the financial services provider’s stock worth $6,897,000 after buying an additional 110,681 shares during the period. Institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Performance

Community Trust Bancorp stock opened at $49.44 on Wednesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $892.39 million, a P/E ratio of 11.47 and a beta of 0.64. Community Trust Bancorp, Inc. has a fifty-two week low of $33.48 and a fifty-two week high of $52.22. The firm’s 50 day simple moving average is $48.31 and its 200-day simple moving average is $44.05.

Community Trust Bancorp (NASDAQ:CTBI) last announced its 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 company had revenue of $92.36 million for 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 predict that Community Trust Bancorp, Inc. will post 4.38 EPS for the current year.

Community Trust Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th will be paid a $0.47 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.88 dividend on an annualized basis and a yield of 3.80%. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.46. Community Trust Bancorp’s payout ratio is 42.69%.

Insider Buying and Selling

In other Community Trust Bancorp news, EVP David Andrew Jones acquired 10,000 shares of Community Trust Bancorp stock in a transaction that occurred on Monday, July 22nd. The stock was acquired at an average price of $32.27 per share, with a total value of $322,700.00. Following the purchase, the executive vice president now owns 10,000 shares in the company, valued at $322,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have bought 20,011 shares of company stock worth $645,881. 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.