Teacher Retirement System of Texas Sells 3,483 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Teacher Retirement System of Texas lessened its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 22.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 11,936 shares of the financial services provider’s stock after selling 3,483 shares during the period. Teacher Retirement System of Texas’ holdings in Community Trust Bancorp were worth $524,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CTBI. LSV Asset Management boosted its stake in shares of Community Trust Bancorp by 50.7% during the 3rd quarter. LSV Asset Management now owns 267,757 shares of the financial services provider’s stock worth $9,173,000 after acquiring an additional 90,100 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Community Trust Bancorp by 118.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 65,844 shares of the financial services provider’s stock worth $2,888,000 after acquiring an additional 35,765 shares in the last quarter. Alberta Investment Management Corp bought a new stake in shares of Community Trust Bancorp during the 3rd quarter worth about $1,059,000. GSA Capital Partners LLP boosted its stake in Community Trust Bancorp by 102.7% during the 3rd quarter. GSA Capital Partners LLP now owns 36,801 shares of the financial services provider’s stock valued at $1,261,000 after purchasing an additional 18,643 shares during the period. Finally, American Century Companies Inc. boosted its stake in Community Trust Bancorp by 12.4% during the 3rd quarter. American Century Companies Inc. now owns 152,823 shares of the financial services provider’s stock valued at $5,236,000 after purchasing an additional 16,907 shares during the period. Institutional investors own 60.20% of the company’s stock.

Insider Transactions at Community Trust Bancorp

In related news, Director Franky Minnifield bought 2,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $39.28 per share, with a total value of $78,560.00. Following the acquisition, the director now owns 14,401 shares in the company, valued at approximately $565,671.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.30% of the stock is currently owned by insiders.

Community Trust Bancorp Trading Up 0.4 %

Community Trust Bancorp stock opened at $42.58 on Monday. The business has a 50 day moving average price of $41.99 and a two-hundred day moving average price of $41.49. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.10. The stock has a market cap of $767.72 million, a price-to-earnings ratio of 9.88 and a beta of 0.68. Community Trust Bancorp, Inc. has a 12 month low of $33.39 and a 12 month high of $45.74.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.04 EPS for the quarter, beating the consensus estimate of $0.98 by $0.06. The firm had revenue of $59.02 million during the quarter, compared to analysts’ expectations of $56.51 million. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.64%. As a group, equities analysts forecast that Community Trust Bancorp, Inc. will post 4.2 EPS for the current year.

Community Trust Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Saturday, June 15th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.32%. Community Trust Bancorp’s payout ratio is presently 42.69%.

Analyst Ratings Changes

Several brokerages recently weighed in on CTBI. Piper Sandler began coverage on Community Trust Bancorp in a research note on Friday, February 16th. They set an “overweight” rating and a $47.00 target price for the company. Janney Montgomery Scott initiated coverage on Community Trust Bancorp in a research note on Wednesday, March 27th. They set a “buy” rating and a $49.00 target price for the company.

Community Trust Bancorp Company 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.