Heartland Advisors Inc. Sells 1,300 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Heartland Advisors Inc. cut its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 169,025 shares of the financial services provider’s stock after selling 1,300 shares during the period. Heartland Advisors Inc. owned about 0.94% of Community Trust Bancorp worth $8,963,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in Community Trust Bancorp by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 373,158 shares of the financial services provider’s stock worth $18,534,000 after purchasing an additional 6,238 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Community Trust Bancorp by 11.4% during the fourth quarter. American Century Companies Inc. now owns 350,755 shares of the financial services provider’s stock worth $18,601,000 after purchasing an additional 35,777 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Community Trust Bancorp by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 126,276 shares of the financial services provider’s stock worth $6,696,000 after buying an additional 904 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Community Trust Bancorp by 25.2% in the 4th quarter. JPMorgan Chase & Co. now owns 119,197 shares of the financial services provider’s stock valued at $6,321,000 after purchasing an additional 23,964 shares during the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in shares of Community Trust Bancorp in the 4th quarter valued at $3,732,000. 60.20% of the stock is currently owned by institutional investors.

Community Trust Bancorp Price Performance

Shares of NASDAQ CTBI opened at $51.90 on Friday. The firm has a market capitalization of $939.49 million, a PE ratio of 11.26 and a beta of 0.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. Community Trust Bancorp, Inc. has a fifty-two week low of $39.28 and a fifty-two week high of $61.67. The stock’s 50-day simple moving average is $53.50 and its 200-day simple moving average is $53.46.

Community Trust Bancorp (NASDAQ:CTBI) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. During the same quarter in the previous year, the company earned $1.04 earnings per share. As a group, equities research analysts forecast that Community Trust Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Community Trust Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be given a $0.47 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.88 dividend on an annualized basis and a yield of 3.62%. Community Trust Bancorp’s payout ratio is currently 40.78%.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that engages in the provision of commercial and personal banking, and trust and wealth management services to small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, as well as southern West Virginia, and northeastern Tennessee.