EMC Capital Management Takes $119,000 Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

EMC Capital Management purchased a new stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,790 shares of the financial services provider’s stock, valued at approximately $119,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in Community Trust Bancorp by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,158,760 shares of the financial services provider’s stock valued at $50,824,000 after purchasing an additional 9,507 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Community Trust Bancorp by 1.2% in the first quarter. Vanguard Group Inc. now owns 894,527 shares of the financial services provider’s stock worth $38,152,000 after buying an additional 11,043 shares during the last quarter. LSV Asset Management lifted its position in shares of Community Trust Bancorp by 9.0% in the first quarter. LSV Asset Management now owns 290,157 shares of the financial services provider’s stock worth $12,375,000 after buying an additional 23,890 shares during the last quarter. Heartland Advisors Inc. lifted its position in shares of Community Trust Bancorp by 216.9% in the first quarter. Heartland Advisors Inc. now owns 161,700 shares of the financial services provider’s stock worth $6,897,000 after buying an additional 110,681 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Community Trust Bancorp by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 120,219 shares of the financial services provider’s stock worth $5,273,000 after buying an additional 2,090 shares during the last quarter. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Insider Activity at Community Trust Bancorp

In other news, EVP Andy D. Waters acquired 10,000 shares of Community Trust Bancorp stock in a transaction on Friday, July 19th. The stock was bought at an average price of $32.27 per share, for a total transaction of $322,700.00. Following the transaction, the executive vice president now owns 11,401 shares of the company’s stock, valued at $367,910.27. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders acquired a total of 20,011 shares of company stock worth $645,881 in the last 90 days. 4.30% of the stock is owned by company insiders.

Community Trust Bancorp Stock Down 2.7 %

Shares of NASDAQ:CTBI traded down $1.34 on Friday, reaching $47.81. The company had a trading volume of 63,130 shares, compared to its average volume of 51,356. Community Trust Bancorp, Inc. has a twelve month low of $33.48 and a twelve month high of $52.22. The stock has a 50-day moving average price of $44.24 and a 200 day moving average price of $42.29. The stock has a market capitalization of $862.01 million, a P/E ratio of 11.14 and a beta of 0.65. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.10.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, July 17th. The financial services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.06. Community Trust Bancorp had a return on equity of 11.27% and a net margin of 21.85%. The business had revenue of $92.36 million during the quarter, compared to analysts’ expectations of $58.65 million. On average, equities analysts expect that Community Trust Bancorp, Inc. will post 4.38 EPS for the current year.

Community Trust Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be paid a dividend of $0.47 per share. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.88 annualized dividend and a yield of 3.93%. Community Trust Bancorp’s dividend payout ratio is presently 42.69%.

Community Trust Bancorp 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.