Charles Schwab Investment Management Inc. Has $6.70 Million Stock Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Charles Schwab Investment Management Inc. raised its stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 0.7% in the 4th quarter, HoldingsChannel reports. The fund owned 126,276 shares of the financial services provider’s stock after buying an additional 904 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Community Trust Bancorp were worth $6,696,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. US Bancorp DE lifted its holdings in Community Trust Bancorp by 311.8% during the 4th quarter. US Bancorp DE now owns 560 shares of the financial services provider’s stock worth $30,000 after buying an additional 424 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Community Trust Bancorp during the 3rd quarter worth approximately $63,000. New York State Teachers Retirement System bought a new stake in shares of Community Trust Bancorp during the fourth quarter worth approximately $75,000. BNP Paribas Financial Markets lifted its holdings in Community Trust Bancorp by 33.7% in the third quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider’s stock valued at $213,000 after buying an additional 1,079 shares during the period. Finally, Merit Financial Group LLC boosted its stake in Community Trust Bancorp by 9.7% in the fourth quarter. Merit Financial Group LLC now owns 5,217 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 462 shares during the last quarter. 60.20% of the stock is owned by institutional investors.

Community Trust Bancorp Price Performance

CTBI opened at $52.34 on Tuesday. The company has a fifty day moving average price of $53.59 and a two-hundred day moving average price of $53.46. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $947.46 million, a PE ratio of 11.35 and a beta of 0.62. Community Trust Bancorp, Inc. has a 52 week low of $39.28 and a 52 week high of $61.67.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.02%. During the same period in the prior year, the firm earned $1.04 earnings per share. As a group, analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current year.

Community Trust Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, March 14th. Community Trust Bancorp’s dividend payout ratio (DPR) is 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.