Quest Partners LLC Has $230,000 Holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Quest Partners LLC lifted its stake in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 70.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,262 shares of the financial services provider’s stock after buying an additional 2,168 shares during the period. Quest Partners LLC’s holdings in Community Trust Bancorp were worth $230,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CTBI. Truist Financial Corp purchased a new position in shares of Community Trust Bancorp during the fourth quarter valued at approximately $344,000. Victory Capital Management Inc. boosted its position in shares of Community Trust Bancorp by 5.2% during the fourth quarter. Victory Capital Management Inc. now owns 8,605 shares of the financial services provider’s stock valued at $377,000 after buying an additional 428 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Community Trust Bancorp by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 120,219 shares of the financial services provider’s stock valued at $5,273,000 after buying an additional 2,090 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Community Trust Bancorp by 0.8% during 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 buying an additional 9,507 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of Community Trust Bancorp by 77.8% during the fourth quarter. Parallel Advisors LLC now owns 704 shares of the financial services provider’s stock valued at $31,000 after buying an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Performance

Shares of Community Trust Bancorp stock opened at $48.60 on Friday. The business’s fifty day simple moving average is $48.01 and its 200 day simple moving average is $43.85. The firm has a market capitalization of $877.23 million, a P/E ratio of 11.28 and a beta of 0.64. Community Trust Bancorp, Inc. has a 12 month low of $33.48 and a 12 month high of $52.22. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings results on Wednesday, July 17th. The financial services provider reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06. The business had revenue of $92.36 million for the quarter, compared to analyst estimates of $58.65 million. Community Trust Bancorp had a return on equity of 11.14% and a net margin of 21.85%. As a group, analysts anticipate that Community Trust Bancorp, Inc. will post 4.38 EPS for the current year.

Community Trust Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Sunday, September 15th will be issued a dividend of $0.47 per share. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.46. This represents a $1.88 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Friday, September 13th. Community Trust Bancorp’s dividend payout ratio (DPR) is 42.69%.

Insider Buying and Selling

In other news, EVP Andy D. Waters bought 10,000 shares of the stock in a transaction on Friday, July 19th. The shares were purchased at an average cost of $32.27 per share, for a total transaction of $322,700.00. Following the completion of the purchase, the executive vice president now directly owns 11,401 shares in the company, valued at approximately $367,910.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders have acquired 20,011 shares of company stock worth $645,881. 4.30% of the stock is owned by company insiders.

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.