Community Trust Bancorp, Inc. (CTBI) Shares Bought by BlackRock Inc.

BlackRock Inc. raised its stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 4.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,186,464 shares of the financial services provider’s stock after buying an additional 49,447 shares during the quarter. BlackRock Inc. owned approximately 0.07% of Community Trust Bancorp worth $59,265,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CTBI. Dimensional Fund Advisors LP increased its stake in shares of Community Trust Bancorp by 5.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,065,366 shares of the financial services provider’s stock worth $48,155,000 after purchasing an additional 53,256 shares in the last quarter. Northern Trust Corp increased its stake in shares of Community Trust Bancorp by 0.4% during the 1st quarter. Northern Trust Corp now owns 563,564 shares of the financial services provider’s stock worth $25,474,000 after purchasing an additional 2,413 shares in the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in shares of Community Trust Bancorp by 4.6% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 559,706 shares of the financial services provider’s stock worth $27,957,000 after purchasing an additional 24,494 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Community Trust Bancorp by 2.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 90,967 shares of the financial services provider’s stock worth $4,544,000 after purchasing an additional 1,762 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of Community Trust Bancorp by 1,850.8% during the 1st quarter. Millennium Management LLC now owns 88,877 shares of the financial services provider’s stock worth $4,017,000 after purchasing an additional 84,321 shares in the last quarter. 57.91% of the stock is owned by institutional investors.

CTBI has been the subject of a number of recent research reports. BidaskClub cut shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 30th. Zacks Investment Research raised shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Tuesday, September 18th. Finally, ValuEngine cut shares of Community Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd.

Shares of CTBI opened at $42.94 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.94 and a quick ratio of 0.94. Community Trust Bancorp, Inc. has a 1-year low of $42.42 and a 1-year high of $53.00. The company has a market cap of $821.75 million, a PE ratio of 15.34 and a beta of 0.54.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $0.82 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.01). Community Trust Bancorp had a return on equity of 10.65% and a net margin of 26.11%. The business had revenue of $48.89 million for the quarter, compared to analysts’ expectations of $48.16 million. As a group, sell-side analysts expect that Community Trust Bancorp, Inc. will post 3.4 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Saturday, September 15th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.35%. This is a boost from Community Trust Bancorp’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, September 13th. Community Trust Bancorp’s dividend payout ratio (DPR) is 51.43%.

In other Community Trust Bancorp news, Director Charles J. Baird sold 2,000 shares of Community Trust Bancorp stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $50.47, for a total value of $100,940.00. Following the completion of the sale, the director now directly owns 7,700 shares of the company’s stock, valued at approximately $388,619. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles J. Baird sold 4,000 shares of Community Trust Bancorp stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $49.71, for a total transaction of $198,840.00. Following the completion of the sale, the director now directly owns 7,700 shares of the company’s stock, valued at $382,767. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,859 shares of company stock valued at $342,556. Corporate insiders own 4.80% 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 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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