Hillsdale Investment Management Inc. Takes Position in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Hillsdale Investment Management Inc. bought a new stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 70,369 shares of the financial services provider’s stock, valued at approximately $3,732,000.

A number of other hedge funds have also recently added to or reduced their stakes in CTBI. Geode Capital Management LLC boosted its holdings in shares of Community Trust Bancorp by 1.7% in the third 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 during the period. American Century Companies Inc. boosted its stake in Community Trust Bancorp by 11.4% during the 4th quarter. American Century Companies Inc. now owns 350,755 shares of the financial services provider’s stock worth $18,601,000 after purchasing an additional 35,777 shares during the period. Charles Schwab Investment Management Inc. grew its position in Community Trust Bancorp by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 126,276 shares of the financial services provider’s stock worth $6,696,000 after purchasing an additional 904 shares during the last quarter. JPMorgan Chase & Co. increased its stake in 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. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Community Trust Bancorp by 23.9% in the third quarter. Thrivent Financial for Lutherans now owns 80,948 shares of the financial services provider’s stock valued at $4,020,000 after buying an additional 15,619 shares during the last quarter. Hedge funds and other institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Stock Performance

NASDAQ CTBI opened at $51.26 on Friday. The firm has a market cap of $927.91 million, a P/E ratio of 11.12 and a beta of 0.62. Community Trust Bancorp, Inc. has a 52-week low of $39.28 and a 52-week high of $61.67. The business’s 50-day moving average price is $53.56 and its 200 day moving average price is $53.40. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share 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 quarter in the previous year, the business posted $1.04 earnings per share. On average, equities research analysts expect that Community Trust Bancorp, Inc. will post 5.06 earnings per share 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 paid a $0.47 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.88 annualized dividend and a yield of 3.67%. Community Trust Bancorp’s dividend payout ratio is currently 40.78%.

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.