Bank of Montreal Can Purchases 5,464 Shares of Community Trust Bancorp, Inc. (CTBI)

Bank of Montreal Can lifted its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 17.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,725 shares of the financial services provider’s stock after purchasing an additional 5,464 shares during the quarter. Bank of Montreal Can owned 0.21% of Community Trust Bancorp worth $1,455,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Community Trust & Investment Co. raised its position in shares of Community Trust Bancorp by 2.3% during the fourth quarter. Community Trust & Investment Co. now owns 1,782,758 shares of the financial services provider’s stock worth $70,615,000 after purchasing an additional 39,444 shares during the period. Vanguard Group Inc raised its position in shares of Community Trust Bancorp by 2.6% during the third quarter. Vanguard Group Inc now owns 923,497 shares of the financial services provider’s stock worth $42,804,000 after purchasing an additional 23,057 shares during the period. Vanguard Group Inc. raised its position in shares of Community Trust Bancorp by 2.6% during the third quarter. Vanguard Group Inc. now owns 923,497 shares of the financial services provider’s stock worth $42,804,000 after purchasing an additional 23,057 shares during the period. AQR Capital Management LLC raised its position in shares of Community Trust Bancorp by 9.6% during the third quarter. AQR Capital Management LLC now owns 97,632 shares of the financial services provider’s stock worth $4,525,000 after purchasing an additional 8,570 shares during the period. Finally, IndexIQ Advisors LLC raised its position in shares of Community Trust Bancorp by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 50,293 shares of the financial services provider’s stock worth $2,331,000 after purchasing an additional 1,900 shares during the period. Institutional investors and hedge funds own 57.85% of the company’s stock.

NASDAQ CTBI opened at $41.77 on Thursday. The stock has a market cap of $734.48 million, a PE ratio of 12.47 and a beta of 0.55. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.11. Community Trust Bancorp, Inc. has a one year low of $35.70 and a one year high of $53.00.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, January 16th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.01. The business had revenue of $48.52 million during the quarter, compared to the consensus estimate of $48.80 million. Community Trust Bancorp had a return on equity of 11.42% and a net margin of 26.51%. Research analysts anticipate that Community Trust Bancorp, Inc. will post 3.49 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 15th will be issued a dividend of $0.36 per share. The ex-dividend date is Thursday, March 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.45%. Community Trust Bancorp’s payout ratio is presently 42.99%.

A number of equities research analysts have recently commented on the company. BidaskClub raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, October 19th. Zacks Investment Research raised Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research report on Monday, October 22nd. Finally, ValuEngine raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th.

In other news, Director Franky Minnifield acquired 600 shares of the firm’s stock in a transaction that occurred on Monday, December 10th. The stock was acquired at an average cost of $42.28 per share, for a total transaction of $25,368.00. Following the completion of the acquisition, the director now owns 3,605 shares in the company, valued at $152,419.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.80% of the stock is currently owned by company insiders.

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About Community Trust Bancorp

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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