JPMorgan Chase & Co. Has $11.15 Million Stake in Community Trust Bancorp, Inc. (CTBI)

JPMorgan Chase & Co. trimmed its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 5.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 246,644 shares of the financial services provider’s stock after selling 14,246 shares during the quarter. JPMorgan Chase & Co.’s holdings in Community Trust Bancorp were worth $11,148,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Community Trust Bancorp by 1.3% during the 4th quarter. BlackRock Inc. now owns 1,134,307 shares of the financial services provider’s stock worth $53,425,000 after acquiring an additional 14,903 shares in the last quarter. Northern Trust Corp raised its stake in Community Trust Bancorp by 0.4% during the 1st quarter. Northern Trust Corp now owns 563,564 shares of the financial services provider’s stock worth $25,474,000 after acquiring an additional 2,413 shares in the last quarter. LSV Asset Management raised its stake in Community Trust Bancorp by 2.7% during the 1st quarter. LSV Asset Management now owns 295,565 shares of the financial services provider’s stock worth $13,359,000 after acquiring an additional 7,900 shares in the last quarter. Prudential Financial Inc. raised its stake in Community Trust Bancorp by 12.2% during the 1st quarter. Prudential Financial Inc. now owns 158,538 shares of the financial services provider’s stock worth $7,166,000 after acquiring an additional 17,202 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in Community Trust Bancorp by 33.8% during the 1st quarter. Thrivent Financial for Lutherans now owns 137,362 shares of the financial services provider’s stock worth $6,208,000 after acquiring an additional 34,709 shares in the last quarter. Hedge funds and other institutional investors own 57.00% of the company’s stock.

Shares of NASDAQ:CTBI opened at $52.55 on Friday. Community Trust Bancorp, Inc. has a 12 month low of $40.33 and a 12 month high of $53.00. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.11. The firm has a market cap of $932.35 million, a P/E ratio of 17.30 and a beta of 0.68.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. The company had revenue of $47.90 million for the quarter, compared to analyst estimates of $47.10 million. Community Trust Bancorp had a net margin of 26.71% and a return on equity of 10.24%. equities analysts expect that Community Trust Bancorp, Inc. will post 3.43 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 1st. Shareholders of record on Friday, June 15th will be paid a $0.33 dividend. The ex-dividend date is Thursday, June 14th. This represents a $1.32 dividend on an annualized basis and a yield of 2.51%. Community Trust Bancorp’s dividend payout ratio is presently 47.14%.

Several brokerages recently commented on CTBI. BidaskClub upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating in a research note on Friday. ValuEngine lowered shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, Zacks Investment Research upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a research note on Thursday, March 29th.

About Community Trust Bancorp

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, Keogh plans, and savings certificates, as well as checking and savings, individual retirement, NOW, and money market accounts.

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Institutional Ownership by Quarter for Community Trust Bancorp (NASDAQ:CTBI)

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