Connor Clark & Lunn Investment Management Ltd. Boosts Stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 36.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,686 shares of the financial services provider’s stock after purchasing an additional 8,161 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.17% of Community Trust Bancorp worth $1,627,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. US Bancorp DE lifted its position in Community Trust Bancorp by 311.8% in the fourth quarter. US Bancorp DE now owns 560 shares of the financial services provider’s stock valued at $30,000 after buying an additional 424 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of Community Trust Bancorp by 9.7% in the 4th quarter. Merit Financial Group LLC now owns 5,217 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 462 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Community Trust Bancorp by 9.7% in the 3rd quarter. Franklin Resources Inc. now owns 10,044 shares of the financial services provider’s stock worth $503,000 after acquiring an additional 889 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 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 period. Finally, BNP Paribas Financial Markets increased its holdings in Community Trust Bancorp by 33.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 1,079 shares during the last quarter. 60.20% of the stock is currently owned by hedge funds and other institutional investors.

Community Trust Bancorp Stock Up 1.6 %

NASDAQ:CTBI opened at $52.10 on Thursday. Community Trust Bancorp, Inc. has a 52 week low of $38.53 and a 52 week high of $61.67. The stock’s fifty day moving average is $53.51 and its two-hundred day moving average is $53.40. The stock has a market capitalization of $943.11 million, a price-to-earnings ratio of 11.30 and a beta of 0.62. 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 earnings results on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business posted $1.04 EPS. Research analysts anticipate that Community Trust Bancorp, Inc. will post 5.06 EPS for the current year.

Community Trust Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Friday, March 14th. Community Trust Bancorp’s dividend payout ratio (DPR) is currently 40.78%.

About Community Trust Bancorp

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.