Thrivent Financial for Lutherans Has $3.59 Million Stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Thrivent Financial for Lutherans lowered its stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 16.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,758 shares of the financial services provider’s stock after selling 13,190 shares during the period. Thrivent Financial for Lutherans’ holdings in Community Trust Bancorp were worth $3,593,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CTBI. Geode Capital Management LLC raised its stake in shares of Community Trust Bancorp by 1.7% in 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 in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Community Trust Bancorp by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 126,276 shares of the financial services provider’s stock valued at $6,696,000 after purchasing an additional 904 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Community Trust Bancorp by 34.9% in 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 period. Barclays PLC lifted its stake in shares of Community Trust Bancorp by 45.8% in the third 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. Finally, Martingale Asset Management L P boosted its holdings in shares of Community Trust Bancorp by 9.6% during the 3rd quarter. Martingale Asset Management L P now owns 43,078 shares of the financial services provider’s stock worth $2,139,000 after buying an additional 3,780 shares during the period. Institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Performance

Shares of CTBI opened at $51.58 on Wednesday. The company has a market capitalization of $933.70 million, a PE ratio of 11.19 and a beta of 0.62. 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, Inc. has a one year low of $39.28 and a one year high of $61.67. The company’s fifty day moving average price is $53.59 and its 200 day moving average price is $53.46.

Community Trust Bancorp (NASDAQ:CTBI) last posted 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 firm earned $1.04 EPS. As a group, analysts expect that Community Trust Bancorp, Inc. will post 5.06 earnings per share 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. Stockholders 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 annualized dividend and a dividend yield of 3.64%. Community Trust Bancorp’s dividend payout ratio is 40.78%.

About Community Trust Bancorp

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.