American Century Companies Inc. Boosts Stock Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

American Century Companies Inc. raised its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 20.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 274,759 shares of the financial services provider’s stock after purchasing an additional 46,745 shares during the quarter. American Century Companies Inc. owned 1.52% of Community Trust Bancorp worth $11,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CTBI. Victory Capital Management Inc. increased its holdings in Community Trust Bancorp by 5.2% during the fourth quarter. Victory Capital Management Inc. now owns 8,605 shares of the financial services provider’s stock worth $377,000 after buying an additional 428 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Community Trust Bancorp by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 120,219 shares of the financial services provider’s stock worth $5,273,000 after purchasing an additional 2,090 shares during the period. Dimensional Fund Advisors LP lifted its stake in Community Trust Bancorp by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,158,760 shares of the financial services provider’s stock valued at $50,824,000 after purchasing an additional 9,507 shares during the last quarter. Quest Partners LLC purchased a new stake in Community Trust Bancorp in the fourth quarter worth $151,000. Finally, Parallel Advisors LLC raised its stake in shares of Community Trust Bancorp by 77.8% in the fourth quarter. Parallel Advisors LLC now owns 704 shares of the financial services provider’s stock valued at $31,000 after buying an additional 308 shares during the period. 60.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Community Trust Bancorp

In related news, EVP David Andrew Jones acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were bought at an average cost of $32.27 per share, for a total transaction of $322,700.00. Following the purchase, the executive vice president now owns 10,000 shares in the company, valued at approximately $322,700. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 20,011 shares of company stock valued at $645,881 over the last three months. Company insiders own 4.30% of the company’s stock.

Community Trust Bancorp Stock Down 3.7 %

CTBI stock opened at $49.22 on Friday. Community Trust Bancorp, Inc. has a fifty-two week low of $33.48 and a fifty-two week high of $52.22. The stock has a fifty day moving average of $48.66 and a 200-day moving average of $44.24. The company has a market capitalization of $887.24 million, a price-to-earnings ratio of 11.42 and a beta of 0.64. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.88.

Community Trust Bancorp (NASDAQ:CTBI) last posted its earnings results on Wednesday, July 17th. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.06. The firm had revenue of $92.36 million during the quarter, compared to the consensus estimate of $58.65 million. Community Trust Bancorp had a net margin of 21.85% and a return on equity of 11.14%. As a group, equities research analysts predict that Community Trust Bancorp, Inc. will post 4.38 earnings per share for the current year.

Community Trust Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.82%. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.46. Community Trust Bancorp’s dividend payout ratio is currently 43.62%.

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.