ClariVest Asset Management LLC Has $695,000 Holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

ClariVest Asset Management LLC raised its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 2.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 15,913 shares of the financial services provider’s stock after purchasing an additional 445 shares during the period. ClariVest Asset Management LLC’s holdings in Community Trust Bancorp were worth $695,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CTBI. LSV Asset Management raised its stake in Community Trust Bancorp by 9.0% during the first quarter. LSV Asset Management now owns 290,157 shares of the financial services provider’s stock worth $12,375,000 after buying an additional 23,890 shares during the last quarter. Heartland Advisors Inc. grew its holdings in Community Trust Bancorp by 216.9% during the 1st quarter. Heartland Advisors Inc. now owns 161,700 shares of the financial services provider’s stock worth $6,897,000 after acquiring an additional 110,681 shares during the period. Charles Schwab Investment Management Inc. raised its position 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 acquiring an additional 2,090 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Community Trust Bancorp by 0.8% in the 4th 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 period. Finally, Empowered Funds LLC lifted its stake in Community Trust Bancorp by 8.0% in the first quarter. Empowered Funds LLC now owns 56,904 shares of the financial services provider’s stock valued at $2,427,000 after buying an additional 4,200 shares during the period. 60.20% of the stock is owned by institutional investors.

Insider Buying and Selling at Community Trust Bancorp

In other Community Trust Bancorp news, EVP Andy D. Waters acquired 10,000 shares of the company’s stock in a transaction on Friday, July 19th. The shares were purchased at an average cost of $32.27 per share, with a total value of $322,700.00. Following the completion of the purchase, the executive vice president now owns 11,401 shares of the company’s stock, valued at $367,910.27. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders acquired 20,011 shares of company stock worth $645,881. 4.30% of the stock is owned by corporate insiders.

Community Trust Bancorp Price Performance

Shares of NASDAQ CTBI opened at $47.98 on Friday. The firm has a market capitalization of $864.89 million, a P/E ratio of 11.13 and a beta of 0.64. The firm’s 50-day moving average price is $47.76 and its 200-day moving average price is $43.76. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. Community Trust Bancorp, Inc. has a 1-year low of $33.48 and a 1-year high of $52.22.

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

Community Trust Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be given a $0.47 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.88 annualized dividend and a yield of 3.92%. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.46. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 43.62%.

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.