Community Trust Bancorp, Inc. (NASDAQ:CTBI) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 6.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 181,200 shares of the financial services provider’s stock after selling 13,377 shares during the period. Renaissance Technologies LLC owned 1.03% of Community Trust Bancorp worth $8,290,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Community Trust Bancorp by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 902,414 shares of the financial services provider’s stock valued at $41,286,000 after buying an additional 50,963 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Community Trust Bancorp by 31.9% in the first quarter. Vanguard Group Inc. now owns 875,130 shares of the financial services provider’s stock valued at $40,038,000 after buying an additional 211,845 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its stake in shares of Community Trust Bancorp by 19.6% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 445,770 shares of the financial services provider’s stock valued at $20,394,000 after buying an additional 72,933 shares in the last quarter. FMR LLC boosted its stake in shares of Community Trust Bancorp by 39.2% in the first quarter. FMR LLC now owns 407,750 shares of the financial services provider’s stock valued at $18,655,000 after buying an additional 114,900 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Community Trust Bancorp by 12.7% in the fourth quarter. State Street Corp now owns 305,572 shares of the financial services provider’s stock valued at $15,155,000 after buying an additional 34,368 shares in the last quarter. Institutional investors own 57.34% of the company’s stock.

Shares of Community Trust Bancorp, Inc. (NASDAQ CTBI) opened at 41.85 on Friday. The stock’s 50 day moving average is $43.29 and its 200-day moving average is $44.45. The stock has a market capitalization of $737.61 million, a price-to-earnings ratio of 15.67 and a beta of 0.68. Community Trust Bancorp, Inc. has a 52 week low of $35.42 and a 52 week high of $51.35.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by $0.03. The business had revenue of $46.55 million during the quarter, compared to analysts’ expectations of $46.70 million. Community Trust Bancorp had a net margin of 23.68% and a return on equity of 9.29%. On average, analysts anticipate that Community Trust Bancorp, Inc. will post $2.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.32 dividend on an annualized basis and a yield of 3.15%. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.32. Community Trust Bancorp’s dividend payout ratio is currently 48.12%.

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Several research analysts have commented on the stock. Zacks Investment Research lowered shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, April 24th. Hilliard Lyons raised shares of Community Trust Bancorp from an “underperform” rating to a “neutral” rating and dropped their price objective for the stock from $44.00 to $43.00 in a research note on Friday, April 21st. BidaskClub lowered shares of Community Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, ValuEngine raised shares of Community Trust Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Community Trust Bancorp has a consensus rating of “Hold” and an average price target of $46.00.

In related news, insider Andy D. Waters sold 824 shares of the stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $42.35, for a total value of $34,896.40. Following the completion of the transaction, the insider now owns 1,268 shares of the company’s stock, valued at $53,699.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.80% of the company’s stock.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc is a bank holding company. The Company holds interests in a commercial bank, Community Trust Bank, Inc (the Bank), and a trust company, Community Trust and Investment Company. Through its subsidiaries, the Company engages in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes, and providing funds transfer services.

Institutional Ownership by Quarter for Community Trust Bancorp (NASDAQ:CTBI)

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