Teacher Retirement System of Texas Sells 12,001 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Teacher Retirement System of Texas trimmed its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 40.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,588 shares of the financial services provider’s stock after selling 12,001 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.10% of Community Trust Bancorp worth $886,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. US Bancorp DE grew its stake in shares of Community Trust Bancorp by 311.8% during the fourth quarter. US Bancorp DE now owns 560 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 424 shares during the last quarter. Federated Hermes Inc. acquired a new position in Community Trust Bancorp in the fourth quarter valued at approximately $46,000. Quantbot Technologies LP lifted its holdings in Community Trust Bancorp by 43.5% in the fourth quarter. Quantbot Technologies LP now owns 1,824 shares of the financial services provider’s stock valued at $97,000 after buying an additional 553 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Community Trust Bancorp by 317.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,824 shares of the financial services provider’s stock valued at $97,000 after buying an additional 1,387 shares during the period. Finally, Aquatic Capital Management LLC lifted its holdings in Community Trust Bancorp by 207.1% in the fourth quarter. Aquatic Capital Management LLC now owns 2,457 shares of the financial services provider’s stock valued at $130,000 after buying an additional 1,657 shares during the period. 60.20% of the stock is owned by institutional investors.

Community Trust Bancorp Trading Up 1.4%

CTBI opened at $55.38 on Tuesday. The firm’s fifty day moving average is $52.22 and its two-hundred day moving average is $51.87. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $1.00 billion, a PE ratio of 11.56 and a beta of 0.58. Community Trust Bancorp, Inc. has a twelve month low of $44.60 and a twelve month high of $61.67.

Community Trust Bancorp (NASDAQ:CTBI) last posted its earnings results on Wednesday, April 16th. The financial services provider reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. The company had revenue of $66.16 million for the quarter, compared to analyst estimates of $64.92 million. Community Trust Bancorp had a net margin of 22.49% and a return on equity of 11.40%. During the same period last year, the business posted $1.04 earnings per share. Equities research analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Sunday, June 15th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend was Friday, June 13th. Community Trust Bancorp’s dividend payout ratio is 39.25%.

Insider Activity

In related news, Director Franky Minnifield acquired 2,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was bought at an average price of $51.01 per share, with a total value of $102,020.00. Following the completion of the transaction, the director directly owned 17,099 shares of the company’s stock, valued at approximately $872,219.99. The trade was a 13.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CTBI shares. Piper Sandler cut their price objective on shares of Community Trust Bancorp from $60.00 to $56.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Raymond James Financial cut their price objective on shares of Community Trust Bancorp from $60.00 to $58.00 and set an “outperform” rating on the stock in a report on Wednesday, April 2nd.

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.