Belpointe Asset Management LLC Purchases Shares of 957 Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Belpointe Asset Management LLC purchased a new stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 957 shares of the financial services provider’s stock, valued at approximately $44,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. VELA Investment Management LLC lifted its position in Community Trust Bancorp by 3.9% during the fourth quarter. VELA Investment Management LLC now owns 22,420 shares of the financial services provider’s stock valued at $1,030,000 after buying an additional 840 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Community Trust Bancorp by 7.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,783 shares of the financial services provider’s stock valued at $587,000 after buying an additional 924 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Community Trust Bancorp by 59.8% during the third quarter. State Board of Administration of Florida Retirement System now owns 20,187 shares of the financial services provider’s stock valued at $819,000 after buying an additional 7,557 shares in the last quarter. PBMares Wealth Management LLC acquired a new position in Community Trust Bancorp during the fourth quarter valued at approximately $211,000. Finally, Heartland Advisors Inc. lifted its position in shares of Community Trust Bancorp by 1.0% during the fourth quarter. Heartland Advisors Inc. now owns 41,155 shares of the financial services provider’s stock worth $1,890,000 after purchasing an additional 426 shares in the last quarter. 57.90% of the stock is owned by institutional investors and hedge funds.

Community Trust Bancorp Trading Up 0.0 %

NASDAQ CTBI opened at $35.40 on Thursday. The company’s fifty day simple moving average is $36.33 and its 200-day simple moving average is $41.83. Community Trust Bancorp, Inc. has a 52 week low of $32.68 and a 52 week high of $48.05. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.10. The stock has a market cap of $636.49 million, a P/E ratio of 7.76 and a beta of 0.69.

Community Trust Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.97%. Community Trust Bancorp’s payout ratio is currently 38.60%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, May 19th.

Insider Transactions at Community Trust Bancorp

In other news, Director M Lynn Parrish bought 5,000 shares of Community Trust Bancorp stock in a transaction dated Friday, April 21st. The shares were acquired at an average cost of $36.95 per share, with a total value of $184,750.00. Following the completion of the transaction, the director now owns 65,446 shares in the company, valued at approximately $2,418,229.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Charles J. Baird purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 26th. The stock was acquired at an average price of $34.62 per share, for a total transaction of $34,620.00. Following the completion of the purchase, the director now owns 4,592 shares in the company, valued at $158,975.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director M Lynn Parrish purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 21st. The stock was bought at an average price of $36.95 per share, with a total value of $184,750.00. Following the purchase, the director now owns 65,446 shares of the company’s stock, valued at approximately $2,418,229.70. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 9,214 shares of company stock valued at $334,483. Corporate insiders own 4.10% of the company’s stock.

About Community Trust Bancorp

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Community Trust Bancorp, Inc is a bank holding company, which engages in the provision of community banking services through its subsidiary Community Trust Bank, Inc It offers commercial & personal banking and trust and wealth management activities, which include accepting time and demand deposits, making secured and unsecured loans to corporations, individuals and others, providing cash management services to corporate and individual customers, issuing letters of credit, renting safe deposit boxes, and providing funds transfer services.