American Century Companies Inc. Has $18.60 Million Stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

American Century Companies Inc. raised its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 11.4% during the fourth quarter, Holdings Channel reports. The firm owned 350,755 shares of the financial services provider’s stock after purchasing an additional 35,777 shares during the period. American Century Companies Inc.’s holdings in Community Trust Bancorp were worth $18,601,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CTBI. US Bancorp DE increased its stake in shares of Community Trust Bancorp by 311.8% in the 4th quarter. US Bancorp DE now owns 560 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 424 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Community Trust Bancorp during the third quarter worth about $63,000. New York State Teachers Retirement System bought a new stake in Community Trust Bancorp during the 4th quarter worth approximately $75,000. BNP Paribas Financial Markets raised its holdings in shares of Community Trust Bancorp by 33.7% in the third quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 1,079 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Community Trust Bancorp during the fourth quarter valued at about $235,000. Institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Trading Down 1.9 %

Shares of CTBI stock opened at $50.89 on Monday. Community Trust Bancorp, Inc. has a 52-week low of $39.28 and a 52-week high of $61.67. The company has a 50-day simple moving average of $53.44 and a two-hundred day simple moving average of $53.52. 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 company has a market capitalization of $921.21 million, a price-to-earnings ratio of 11.04 and a beta of 0.62.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly 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 quarter in the prior year, the business earned $1.04 earnings per share. Research analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 EPS for the current fiscal year.

Community Trust Bancorp Dividend Announcement

The business also recently declared 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 (DPR) 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.