Swiss National Bank grew its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,090 shares of the financial services provider’s stock after purchasing an additional 1,600 shares during the period. Swiss National Bank owned approximately 0.15% of Community Trust Bancorp worth $1,276,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Community Trust Bancorp during the third quarter valued at approximately $104,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Community Trust Bancorp during the third quarter valued at approximately $211,000. Teacher Retirement System of Texas purchased a new stake in shares of Community Trust Bancorp during the fourth quarter valued at approximately $260,000. The Manufacturers Life Insurance Company raised its stake in shares of Community Trust Bancorp by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 11,987 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 163 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Community Trust Bancorp by 42.8% during the third quarter. Wells Fargo & Company MN now owns 20,587 shares of the financial services provider’s stock valued at $957,000 after purchasing an additional 6,173 shares during the period. Institutional investors own 58.81% of the company’s stock.
Shares of Community Trust Bancorp, Inc. (CTBI) opened at $47.50 on Wednesday. The stock has a market cap of $843.04, a P/E ratio of 17.06 and a beta of 0.71. Community Trust Bancorp, Inc. has a 12 month low of $40.33 and a 12 month high of $51.90. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.93 and a current ratio of 0.93.
The business also recently declared a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Thursday, March 15th will be paid a $0.33 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.78%. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 45.36%.
A number of research firms have recently issued reports on CTBI. BidaskClub upgraded shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, January 16th. Zacks Investment Research lowered shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, ValuEngine upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $50.00.
In related news, Director Chad C. Street purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, December 22nd. The stock was acquired at an average price of $48.79 per share, for a total transaction of $195,160.00. Following the completion of the purchase, the director now owns 5,000 shares in the company, valued at $243,950. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.80% of the stock is currently owned by insiders.
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About Community Trust Bancorp
Community Trust Bancorp, Inc is a bank holding company. The Company holds interests in a commercial bank, Community Trust Bank, Inc (the Bank), and a trust company, Community Trust and Investment Company. Through its subsidiaries, the Company engages in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes, and providing funds transfer services.
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