Heartland Advisors Inc. Has $8.96 Million Stock Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Heartland Advisors Inc. decreased its stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 0.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 169,025 shares of the financial services provider’s stock after selling 1,300 shares during the quarter. Heartland Advisors Inc.’s holdings in Community Trust Bancorp were worth $8,963,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CTBI. US Bancorp DE lifted its stake in Community Trust Bancorp by 311.8% in the fourth 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 during the last quarter. Quantbot Technologies LP acquired a new position in shares of Community Trust Bancorp in the 3rd quarter valued at $63,000. New York State Teachers Retirement System bought a new stake in Community Trust Bancorp during the fourth quarter worth about $75,000. EntryPoint Capital LLC bought a new stake in Community Trust Bancorp during the 4th quarter worth about $202,000. Finally, BNP Paribas Financial Markets boosted its position in Community Trust Bancorp by 33.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider’s stock valued at $213,000 after buying an additional 1,079 shares during the last quarter. Institutional investors and hedge funds own 60.20% of the company’s stock.

Community Trust Bancorp Trading Up 0.3 %

Shares of NASDAQ CTBI opened at $51.90 on Friday. Community Trust Bancorp, Inc. has a fifty-two week low of $39.28 and a fifty-two week high of $61.67. The company’s 50 day simple moving average is $53.50 and its 200 day simple moving average is $53.46. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $939.49 million, a P/E ratio of 11.26 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.05. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. During the same period last year, the company posted $1.04 EPS. On average, analysts predict that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th will be given a dividend of $0.47 per share. The ex-dividend date is Friday, March 14th. This represents a $1.88 annualized dividend and a yield of 3.62%. 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.