Allianz Asset Management GmbH Purchases New Holdings in Community Trust Bancorp, Inc. (CTBI)

Allianz Asset Management GmbH purchased a new stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 79,050 shares of the financial services provider’s stock, valued at approximately $3,573,000.

A number of other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in Community Trust Bancorp by 1.3% in the fourth quarter. BlackRock Inc. now owns 1,134,307 shares of the financial services provider’s stock valued at $53,425,000 after acquiring an additional 14,903 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Community Trust Bancorp by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,065,366 shares of the financial services provider’s stock valued at $48,155,000 after acquiring an additional 53,256 shares during the last quarter. Northern Trust Corp boosted its holdings in Community Trust Bancorp by 0.4% in the first quarter. Northern Trust Corp now owns 563,564 shares of the financial services provider’s stock valued at $25,474,000 after acquiring an additional 2,413 shares during the last quarter. LSV Asset Management boosted its holdings in Community Trust Bancorp by 2.7% in the first quarter. LSV Asset Management now owns 295,565 shares of the financial services provider’s stock valued at $13,359,000 after acquiring an additional 7,900 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in Community Trust Bancorp by 12.2% in the first quarter. Prudential Financial Inc. now owns 158,538 shares of the financial services provider’s stock valued at $7,166,000 after acquiring an additional 17,202 shares during the last quarter. Institutional investors and hedge funds own 57.00% of the company’s stock.

Shares of Community Trust Bancorp opened at $51.95 on Tuesday, according to MarketBeat Ratings. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. Community Trust Bancorp, Inc. has a 1 year low of $40.33 and a 1 year high of $53.00. The stock has a market cap of $931.45 million, a price-to-earnings ratio of 18.55 and a beta of 0.68.

Community Trust Bancorp (NASDAQ:CTBI) last issued its earnings results on Wednesday, April 18th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.13. Community Trust Bancorp had a return on equity of 10.24% and a net margin of 26.71%. The firm had revenue of $47.90 million for the quarter, compared to analysts’ expectations of $47.10 million. equities analysts predict that Community Trust Bancorp, Inc. will post 3.43 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, July 1st. Shareholders of record on Friday, June 15th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Thursday, June 14th. Community Trust Bancorp’s dividend payout ratio (DPR) is currently 47.14%.

A number of equities analysts have issued reports on CTBI shares. BidaskClub upgraded Community Trust Bancorp from a “hold” rating to a “buy” rating in a report on Friday. ValuEngine cut Community Trust Bancorp from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Finally, Zacks Investment Research upgraded Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Friday, April 20th.

Community Trust Bancorp 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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