State Board of Administration of Florida Retirement System trimmed its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI – Get Rating) by 15.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,630 shares of the financial services provider’s stock after selling 2,320 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Community Trust Bancorp were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the business. Community Trust & Investment Co. lifted its position in Community Trust Bancorp by 8.4% in the second quarter. Community Trust & Investment Co. now owns 1,885,651 shares of the financial services provider’s stock worth $76,256,000 after purchasing an additional 145,953 shares during the period. BlackRock Inc. lifted its position in Community Trust Bancorp by 2.1% in the first quarter. BlackRock Inc. now owns 1,463,901 shares of the financial services provider’s stock worth $60,313,000 after purchasing an additional 30,385 shares during the period. Dimensional Fund Advisors LP lifted its position in Community Trust Bancorp by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,071,085 shares of the financial services provider’s stock worth $44,129,000 after purchasing an additional 15,896 shares during the period. Northern Trust Corp lifted its position in Community Trust Bancorp by 2.9% in the first quarter. Northern Trust Corp now owns 520,883 shares of the financial services provider’s stock worth $21,461,000 after purchasing an additional 14,494 shares during the period. Finally, State Street Corp lifted its position in Community Trust Bancorp by 6.0% in the first quarter. State Street Corp now owns 455,416 shares of the financial services provider’s stock worth $18,944,000 after purchasing an additional 25,580 shares during the period. 58.79% of the stock is owned by institutional investors.
Insider Buying and Selling at Community Trust Bancorp
In other Community Trust Bancorp news, EVP James B. Draughn sold 5,000 shares of Community Trust Bancorp stock in a transaction on Monday, October 31st. The stock was sold at an average price of $47.36, for a total transaction of $236,800.00. Following the completion of the transaction, the executive vice president now directly owns 13,871 shares of the company’s stock, valued at $656,930.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.10% of the company’s stock.
Wall Street Analysts Forecast Growth
Community Trust Bancorp Stock Up 0.0 %
Shares of CTBI stock opened at $46.71 on Friday. The stock has a market cap of $837.04 million, a P/E ratio of 10.59 and a beta of 0.75. Community Trust Bancorp, Inc. has a one year low of $39.10 and a one year high of $47.90. The stock has a fifty day moving average price of $43.95 and a 200 day moving average price of $42.52. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.81 and a quick ratio of 0.81.
Community Trust Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 1st. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.77%. Community Trust Bancorp’s payout ratio is presently 39.91%.
Community Trust Bancorp Profile
Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, checking accounts, savings accounts and savings certificates, individual retirement accounts and Keogh plans, and money market accounts.
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