Raymond James Financial Inc. Takes Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Raymond James Financial Inc. purchased a new stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 35,082 shares of the financial services provider’s stock, valued at approximately $1,860,000.

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

Community Trust Bancorp Trading Down 1.0 %

Shares of CTBI opened at $50.36 on Tuesday. The business’s 50-day moving average price is $53.37 and its 200-day moving average price is $53.58. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09. Community Trust Bancorp, Inc. has a twelve month low of $39.28 and a twelve month high of $61.67. The stock has a market cap of $911.62 million, a PE ratio of 10.92 and a beta of 0.62.

Community Trust Bancorp (NASDAQ:CTBI) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. During the same quarter last year, the firm posted $1.04 EPS. On average, equities analysts forecast that Community Trust Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Community Trust Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be given a $0.47 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.73%. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 40.78%.

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.