Dimensional Fund Advisors LP Acquires 12,707 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Dimensional Fund Advisors LP increased its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,171,419 shares of the financial services provider’s stock after purchasing an additional 12,707 shares during the period. Dimensional Fund Advisors LP owned approximately 6.50% of Community Trust Bancorp worth $51,142,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CTBI. Parallel Advisors LLC lifted its stake in Community Trust Bancorp by 77.8% during the 4th quarter. Parallel Advisors LLC now owns 704 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 308 shares during the period. ClariVest Asset Management LLC increased its holdings in Community Trust Bancorp by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 15,913 shares of the financial services provider’s stock worth $695,000 after acquiring an additional 445 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Community Trust Bancorp by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,484 shares of the financial services provider’s stock worth $618,000 after acquiring an additional 631 shares in the last quarter. SG Americas Securities LLC increased its holdings in Community Trust Bancorp by 26.9% in the 1st quarter. SG Americas Securities LLC now owns 3,161 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 671 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in Community Trust Bancorp during the 2nd quarter valued at approximately $37,000. Institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Up 0.1 %

NASDAQ CTBI opened at $48.22 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $870.37 million, a P/E ratio of 11.19 and a beta of 0.64. Community Trust Bancorp, Inc. has a one year low of $33.81 and a one year high of $52.22. The stock has a 50 day moving average price of $48.66 and a 200-day moving average price of $44.53.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.03 by $0.06. The company had revenue of $92.36 million during the quarter, compared to analyst estimates 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 analysts predict that Community Trust Bancorp, Inc. will post 4.38 EPS for the current fiscal year.

Community Trust Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Sunday, September 15th will be paid a dividend of $0.47 per share. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.46. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Friday, September 13th. Community Trust Bancorp’s payout ratio is currently 43.62%.

Insider Activity

In other news, EVP Andy D. Waters acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The stock was purchased at an average cost of $32.27 per share, for a total transaction of $322,700.00. Following the completion of the acquisition, the executive vice president now directly owns 11,401 shares of the company’s stock, valued at approximately $367,910.27. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.30% of the company’s stock.

Community Trust Bancorp 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.