AQR Capital Management LLC Acquires 19,357 Shares of Community Trust Bancorp, Inc. (CTBI)

AQR Capital Management LLC raised its stake in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 45.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,560 shares of the financial services provider’s stock after buying an additional 19,357 shares during the period. AQR Capital Management LLC owned about 0.35% of Community Trust Bancorp worth $2,816,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CTBI. Metropolitan Life Insurance Co. NY increased its position in shares of Community Trust Bancorp by 0.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,750 shares of the financial services provider’s stock valued at $583,000 after buying an additional 33 shares in the last quarter. Private Trust Co. NA increased its position in shares of Community Trust Bancorp by 0.6% in the first quarter. Private Trust Co. NA now owns 7,691 shares of the financial services provider’s stock valued at $351,000 after buying an additional 49 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Community Trust Bancorp by 3.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,437 shares of the financial services provider’s stock valued at $203,000 after buying an additional 136 shares in the last quarter. Bancorpsouth Inc. increased its stake in Community Trust Bancorp by 3.9% in the first quarter. Bancorpsouth Inc. now owns 9,391 shares of the financial services provider’s stock worth $430,000 after buying an additional 355 shares during the period. Finally, California Public Employees Retirement System increased its stake in Community Trust Bancorp by 1.8% in the first quarter. California Public Employees Retirement System now owns 28,060 shares of the financial services provider’s stock worth $1,284,000 after buying an additional 500 shares during the period. Institutional investors and hedge funds own 57.34% of the company’s stock.

Community Trust Bancorp, Inc. (NASDAQ CTBI) traded down 0.60% during midday trading on Friday, reaching $41.45. The company’s stock had a trading volume of 65,333 shares. Community Trust Bancorp, Inc. has a 52-week low of $35.75 and a 52-week high of $51.35. The stock has a market capitalization of $730.56 million, a price-to-earnings ratio of 15.52 and a beta of 0.68. The firm has a 50-day moving average price of $43.15 and a 200 day moving average price of $44.28.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Community Trust Bancorp had a net margin of 23.68% and a return on equity of 9.29%. The company had revenue of $46.55 million for the quarter, compared to the consensus estimate of $46.70 million. Equities research analysts predict that Community Trust Bancorp, Inc. will post $2.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be paid a dividend of $0.33 per share. This is a boost from Community Trust Bancorp’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Thursday, September 14th. Community Trust Bancorp’s dividend payout ratio is 48.12%.

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A number of equities research analysts have weighed in on the company. BidaskClub downgraded Community Trust Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research upgraded Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. ValuEngine upgraded Community Trust Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, June 3rd. Finally, Hilliard Lyons upgraded Community Trust Bancorp from an “underperform” rating to a “neutral” rating and cut their target price for the stock from $44.00 to $43.00 in a research report on Friday, April 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $46.00.

In other Community Trust Bancorp news, insider Andy D. Waters sold 824 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $42.35, for a total value of $34,896.40. Following the transaction, the insider now directly owns 1,268 shares of the company’s stock, valued at $53,699.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.80% of the stock is currently owned by company insiders.

About Community Trust Bancorp

Community Trust Bancorp, Inc is a bank holding company. The Company holds interests in a commercial bank, Community Trust Bank, Inc (the Bank), and a trust company, Community Trust and Investment Company. Through its subsidiaries, the Company engages in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes, and providing funds transfer services.

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

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