Community Trust Bancorp, Inc. (NASDAQ:CTBI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,114 shares of the financial services provider’s stock after selling 915 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.78% of Community Trust Bancorp worth $6,161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Truist Financial Corp purchased a new stake in Community Trust Bancorp during the 4th quarter worth approximately $344,000. Victory Capital Management Inc. grew its stake in Community Trust Bancorp by 5.2% during the 4th quarter. Victory Capital Management Inc. now owns 8,605 shares of the financial services provider’s stock worth $377,000 after purchasing an additional 428 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Community Trust Bancorp by 1.8% during 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 raised its position in 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 in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Community Trust Bancorp in the 4th quarter valued at about $151,000. 60.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Community Trust Bancorp news, EVP David Andrew Jones purchased 10,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was purchased at an average cost of $32.27 per share, with a total value of $322,700.00. Following the completion of the acquisition, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $322,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 20,011 shares of company stock worth $645,881 over the last 90 days. 4.30% of the stock is owned by insiders.

Community Trust Bancorp Stock Up 1.0 %

Shares of NASDAQ:CTBI opened at $47.98 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 firm’s 50 day moving average price is $47.76 and its 200 day moving average price is $43.76. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.09. The stock has a market cap of $864.89 million, a price-to-earnings ratio of 11.06 and a beta of 0.64.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.06. The business had revenue of $92.36 million during the quarter, compared to analysts’ expectations 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 fiscal year.

Community Trust Bancorp Increases Dividend

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

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.