Community Trust Bancorp, Inc. (CTBI) Stake Maintained by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System maintained its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,572 shares of the financial services provider’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System’s holdings in Community Trust Bancorp were worth $971,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bessemer Group Inc. boosted its position in shares of Community Trust Bancorp by 59.8% in the fourth quarter. Bessemer Group Inc. now owns 17,100 shares of the financial services provider’s stock worth $848,000 after buying an additional 6,400 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in Community Trust Bancorp during the fourth quarter worth approximately $875,000. Cornercap Investment Counsel Inc. boosted its position in Community Trust Bancorp by 3.1% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 15,313 shares of the financial services provider’s stock worth $760,000 after buying an additional 460 shares in the last quarter. Dean Investment Associates LLC boosted its position in Community Trust Bancorp by 2.3% in the third quarter. Dean Investment Associates LLC now owns 95,700 shares of the financial services provider’s stock worth $3,551,000 after buying an additional 2,190 shares in the last quarter. Finally, BancorpSouth Inc boosted its position in Community Trust Bancorp by 1.0% in the third quarter. BancorpSouth Inc now owns 7,842 shares of the financial services provider’s stock worth $291,000 after buying an additional 80 shares in the last quarter. 55.39% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Community Trust Bancorp (NASDAQ:CTBI)

Community Trust Bancorp, Inc. (NASDAQ:CTBI) opened at 44.30 on Friday. The company’s 50 day moving average is $46.05 and its 200-day moving average is $42.68. The stock has a market capitalization of $780.39 million, a PE ratio of 16.42 and a beta of 0.61. Community Trust Bancorp, Inc. has a 1-year low of $32.99 and a 1-year high of $51.35.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings results on Wednesday, January 18th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.02. Community Trust Bancorp had a return on equity of 9.60% and a net margin of 24.28%. Analysts forecast that Community Trust Bancorp, Inc. will post $2.76 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 1st. Shareholders of record on Wednesday, March 15th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Monday, March 13th. Community Trust Bancorp’s dividend payout ratio is presently 47.58%.

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A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, March 13th. Hilliard Lyons cut shares of Community Trust Bancorp from a “neutral” rating to an “underperform” rating and set a $44.00 price target for the company. in a research note on Monday, February 27th. Finally, Sandler O’Neill cut shares of Community Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 19th.

In other Community Trust Bancorp news, insider Andy D. Waters sold 770 shares of the company’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $45.87, for a total transaction of $35,319.90. Following the completion of the transaction, the insider now directly owns 1,568 shares in the company, valued at $71,924.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.10% of the company’s stock.

About Community Trust Bancorp

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.

5 Day Chart for NASDAQ:CTBI

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