Intech Investment Management LLC Takes Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Intech Investment Management LLC purchased a new stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) in the fourth quarter, Holdings Channel.com reports. The firm purchased 7,813 shares of the financial services provider’s stock, valued at approximately $414,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CTBI. Barclays PLC increased 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 valued at $2,502,000 after acquiring an additional 15,832 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Community Trust Bancorp by 34.9% during the third quarter. JPMorgan Chase & Co. now owns 95,233 shares of the financial services provider’s stock valued at $4,729,000 after purchasing an additional 24,622 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of Community Trust Bancorp by 9.7% in the fourth quarter. Merit Financial Group LLC now owns 5,217 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 462 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Community Trust Bancorp in the 4th quarter worth approximately $319,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Community Trust Bancorp by 95.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 26,620 shares of the financial services provider’s stock worth $1,412,000 after buying an additional 13,012 shares in the last quarter. Institutional investors and hedge funds own 60.20% of the company’s stock.

Community Trust Bancorp Stock Down 1.5 %

NASDAQ CTBI opened at $51.58 on Wednesday. The stock has a market capitalization of $933.70 million, a P/E ratio of 11.19 and a beta of 0.62. Community Trust Bancorp, Inc. has a 52 week low of $39.28 and a 52 week high of $61.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a fifty day moving average of $53.59 and a 200-day moving average of $53.46.

Community Trust Bancorp (NASDAQ:CTBI) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.25 EPS 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 last year, the business earned $1.04 earnings per share. On average, equities research analysts forecast that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be issued a $0.47 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.88 annualized dividend and a yield of 3.64%. Community Trust Bancorp’s dividend payout ratio is currently 40.78%.

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.