Today: Community Trust Bancorp Inc. (CTBI) Stake Decreased by Dalton Greiner Hartman Maher & Co.

Today: Community Trust Bancorp Inc. (CTBI) Stake Decreased by Dalton Greiner Hartman Maher & Co.

Dalton Greiner Hartman Maher & Co. decreased its stake in Community Trust Bancorp Inc. (NASDAQ:CTBI) by 5.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 371,349 shares of the financial services provider’s stock after selling 21,304 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Community Trust Bancorp were worth $13,781,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CTBI. Prudential Financial Inc. boosted its stake in Community Trust Bancorp by 7.7% in the second quarter. Prudential Financial Inc. now owns 88,229 shares of the financial services provider’s stock valued at $3,058,000 after buying an additional 6,300 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Community Trust Bancorp by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 801,098 shares of the financial services provider’s stock valued at $27,765,000 after buying an additional 39,562 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Community Trust Bancorp by 8.3% in the second quarter. Teacher Retirement System of Texas now owns 3,539 shares of the financial services provider’s stock valued at $123,000 after buying an additional 271 shares in the last quarter. Dean Investment Associates LLC boosted its stake in Community Trust Bancorp by 18.4% in the second quarter. Dean Investment Associates LLC now owns 93,510 shares of the financial services provider’s stock valued at $3,241,000 after buying an additional 14,500 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new stake in Community Trust Bancorp during the second quarter valued at approximately $522,000. 53.53% of the stock is owned by institutional investors and hedge funds.

Community Trust Bancorp Inc. (NASDAQ:CTBI) traded down 2.08% during midday trading on Monday, reaching $42.40. The company had a trading volume of 30,674 shares. Community Trust Bancorp Inc. has a one year low of $30.89 and a one year high of $43.70. The stock has a market capitalization of $744.29 million, a price-to-earnings ratio of 15.70 and a beta of 0.54. The company has a 50-day moving average price of $38.46 and a 200-day moving average price of $36.44.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.01. Community Trust Bancorp had a return on equity of 9.69% and a net margin of 24.46%. On average, equities analysts expect that Community Trust Bancorp Inc. will post $2.70 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Tuesday, December 13th. Community Trust Bancorp’s dividend payout ratio (DPR) is currently 47.41%.

Separately, Zacks Investment Research raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday.

In other Community Trust Bancorp news, insider Larry W. Jones sold 5,561 shares of Community Trust Bancorp stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $36.88, for a total transaction of $205,089.68. Following the completion of the sale, the insider now owns 12,582 shares of the company’s stock, valued at $464,024.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider James B. Draughn sold 5,295 shares of Community Trust Bancorp stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $36.96, for a total value of $195,703.20. Following the sale, the insider now directly owns 7,885 shares of the company’s stock, valued at approximately $291,429.60. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc (CTBI) is a bank holding company. The Company operates in the community banking services segment. The Company owns a commercial bank and a trust company, serving small and mid-sized communities in eastern, northeastern, central and south central Kentucky; southern West Virginia, and northeastern Tennessee.

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