Teacher Retirement System of Texas Purchases 7,698 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Teacher Retirement System of Texas grew its holdings in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 35.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 29,589 shares of the financial services provider’s stock after acquiring an additional 7,698 shares during the quarter. Teacher Retirement System of Texas’ holdings in Community Trust Bancorp were worth $1,569,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Community Trust Bancorp during the fourth quarter worth approximately $1,860,000. JPMorgan Chase & Co. grew its position in shares of Community Trust Bancorp by 34.9% during 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 period. Barclays PLC increased its stake in shares of 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. Kovitz Investment Group Partners LLC acquired a new position in shares of Community Trust Bancorp during the 3rd quarter valued at $786,000. Finally, Assenagon Asset Management S.A. boosted its stake in Community Trust Bancorp by 95.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 26,620 shares of the financial services provider’s stock worth $1,412,000 after acquiring an additional 13,012 shares in the last quarter. 60.20% of the stock is owned by institutional investors.

Community Trust Bancorp Trading Down 1.9 %

CTBI opened at $50.89 on Friday. The company has a fifty day moving average price of $53.44 and a two-hundred day moving average price of $53.48. Community Trust Bancorp, Inc. has a 1-year low of $39.28 and a 1-year high of $61.67. The company has a market cap of $921.21 million, a P/E ratio of 11.04 and a beta of 0.62. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.

Community Trust Bancorp (NASDAQ:CTBI) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $1.25 EPS for the quarter, beating 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 posted $1.04 earnings per share. Analysts predict that Community Trust Bancorp, Inc. will post 5.06 EPS 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 issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Friday, March 14th. Community Trust Bancorp’s dividend payout ratio is currently 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.