Bank of America Corp DE Has $537,000 Stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

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Bank of America Corp DE boosted its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 29.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,566 shares of the financial services provider’s stock after buying an additional 3,063 shares during the period. Bank of America Corp DE owned 0.08% of Community Trust Bancorp worth $537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New York State Common Retirement Fund increased its holdings in Community Trust Bancorp by 76.5% during the 4th quarter. New York State Common Retirement Fund now owns 94,100 shares of the financial services provider’s stock worth $3,727,000 after purchasing an additional 40,800 shares during the period. BlackRock Inc. boosted its position in shares of Community Trust Bancorp by 2.7% during the 4th quarter. BlackRock Inc. now owns 1,234,357 shares of the financial services provider’s stock worth $48,894,000 after acquiring an additional 32,249 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Community Trust Bancorp by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 923,497 shares of the financial services provider’s stock worth $42,804,000 after acquiring an additional 23,057 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Community Trust Bancorp by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 923,497 shares of the financial services provider’s stock worth $42,804,000 after acquiring an additional 23,057 shares in the last quarter. Finally, Martingale Asset Management L P boosted its position in shares of Community Trust Bancorp by 31.2% during the 4th quarter. Martingale Asset Management L P now owns 73,135 shares of the financial services provider’s stock worth $2,898,000 after acquiring an additional 17,400 shares in the last quarter. 57.91% of the stock is currently owned by institutional investors.

Several research analysts have recently issued reports on CTBI shares. BidaskClub raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Zacks Investment Research cut Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 5th.

Shares of NASDAQ CTBI traded down $0.03 during trading hours on Tuesday, reaching $40.51. The stock had a trading volume of 13,073 shares, compared to its average volume of 29,857. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 0.13. The stock has a market cap of $715.18 million, a PE ratio of 12.09 and a beta of 0.61. Community Trust Bancorp, Inc. has a fifty-two week low of $35.70 and a fifty-two week high of $53.00.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.84 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.02. The firm had revenue of $48.15 million during the quarter, compared to the consensus estimate of $48.00 million. Community Trust Bancorp had a return on equity of 10.95% and a net margin of 25.64%. Sell-side analysts anticipate that Community Trust Bancorp, Inc. will post 3.5 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Saturday, June 15th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Thursday, June 13th. Community Trust Bancorp’s dividend payout ratio is presently 42.99%.

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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, regular, 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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