Community Trust Bancorp, Inc. (NASDAQ:CTBI) Shares Bought by Clifford Capital Partners LLC

Clifford Capital Partners LLC lifted its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 7.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,515 shares of the financial services provider’s stock after purchasing an additional 23,564 shares during the period. Community Trust Bancorp comprises 3.1% of Clifford Capital Partners LLC’s holdings, making the stock its 18th biggest holding. Clifford Capital Partners LLC owned about 1.80% of Community Trust Bancorp worth $14,168,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CTBI. Parallel Advisors LLC boosted its stake in Community Trust Bancorp by 77.8% in the 4th quarter. Parallel Advisors LLC now owns 704 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 308 shares during the period. Innealta Capital LLC purchased a new position in Community Trust Bancorp during the 2nd quarter valued at about $37,000. EntryPoint Capital LLC acquired a new position in shares of Community Trust Bancorp in the 1st quarter valued at about $78,000. CWM LLC increased its stake in Community Trust Bancorp by 1,932.0% in the 2nd quarter. CWM LLC now owns 2,601 shares of the financial services provider’s stock valued at $114,000 after buying an additional 2,473 shares during the period. Finally, EMC Capital Management acquired a new position in shares of Community Trust Bancorp in the first quarter worth $119,000. Institutional investors and hedge funds own 60.20% of the company’s stock.

Community Trust Bancorp Price Performance

CTBI opened at $47.81 on Wednesday. The stock has a fifty day moving average price of $48.65 and a 200 day moving average price of $44.61. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. Community Trust Bancorp, Inc. has a 1 year low of $33.91 and a 1 year high of $52.22. The stock has a market cap of $861.82 million, a price-to-earnings ratio of 11.09 and a beta of 0.64.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.06. Community Trust Bancorp had a return on equity of 11.14% and a net margin of 21.85%. The business had revenue of $92.36 million during the quarter, compared to analyst estimates of $58.65 million. Analysts forecast that Community Trust Bancorp, Inc. will post 4.38 EPS for the current fiscal year.

Community Trust Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.93%. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, September 13th. Community Trust Bancorp’s payout ratio is currently 43.62%.

Insider Transactions at Community Trust Bancorp

In other Community Trust Bancorp news, EVP Andy D. Waters acquired 10,000 shares of Community Trust Bancorp stock in a transaction that occurred on Friday, July 19th. The stock was acquired at an average price of $32.27 per share, with a total value of $322,700.00. Following the purchase, the executive vice president now owns 11,401 shares in the company, valued at $367,910.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.30% of the stock is currently owned by company insiders.

About Community Trust Bancorp

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.