Victory Capital Management Inc. Sells 394 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Victory Capital Management Inc. lessened its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,282 shares of the financial services provider’s stock after selling 394 shares during the period. Victory Capital Management Inc.’s holdings in Community Trust Bancorp were worth $386,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of Community Trust Bancorp by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 373,158 shares of the financial services provider’s stock valued at $18,534,000 after acquiring an additional 6,238 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Community Trust Bancorp by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 126,276 shares of the financial services provider’s stock worth $6,696,000 after buying an additional 904 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Community Trust Bancorp by 34.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,233 shares of the financial services provider’s stock worth $4,729,000 after buying an additional 24,622 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in Community Trust Bancorp by 23.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 80,948 shares of the financial services provider’s stock worth $4,020,000 after buying an additional 15,619 shares during the last quarter. Finally, Barclays PLC lifted its position in Community Trust Bancorp by 45.8% in the 3rd quarter. Barclays PLC now owns 50,376 shares of the financial services provider’s stock worth $2,502,000 after buying an additional 15,832 shares during the last quarter. Institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Performance

NASDAQ:CTBI opened at $51.26 on Friday. The business has a 50 day moving average of $53.56 and a 200 day moving average of $53.40. The company has a market capitalization of $927.91 million, a price-to-earnings ratio of 11.12 and a beta of 0.62. Community Trust Bancorp, Inc. has a 1-year low of $39.28 and a 1-year high of $61.67. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90.

Community Trust Bancorp (NASDAQ:CTBI) last released its earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.05. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.02%. During the same period in the prior year, the business posted $1.04 earnings per share. On average, sell-side analysts predict that Community Trust Bancorp, Inc. will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be given a $0.47 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.88 dividend on an annualized basis and a yield of 3.67%. Community Trust Bancorp’s payout ratio is 40.78%.

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.