GSA Capital Partners LLP cut its position in Community Trust Bancorp Inc. (NASDAQ:CTBI) by 12.5% during the second quarter, Holdings Channel reports. The fund owned 12,571 shares of the financial services provider’s stock after selling 1,791 shares during the period. GSA Capital Partners LLP owned about 0.07% of Community Trust Bancorp worth $436,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CTBI. Dean Investment Associates LLC raised its position in shares of Community Trust Bancorp by 18.4% in the second quarter. Dean Investment Associates LLC now owns 93,510 shares of the financial services provider’s stock valued at $3,241,000 after buying an additional 14,500 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Community Trust Bancorp during the second quarter valued at approximately $522,000. Rothschild Asset Management Inc. raised its position in shares of Community Trust Bancorp by 8.9% in the second quarter. Rothschild Asset Management Inc. now owns 53,113 shares of the financial services provider’s stock valued at $1,841,000 after buying an additional 4,359 shares in the last quarter. Context BH Capital Management LP raised its position in shares of Community Trust Bancorp by 34.7% in the second quarter. Context BH Capital Management LP now owns 14,372 shares of the financial services provider’s stock valued at $498,000 after buying an additional 3,700 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Community Trust Bancorp by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 100,127 shares of the financial services provider’s stock valued at $3,470,000 after buying an additional 1,580 shares in the last quarter. 53.44% of the stock is owned by institutional investors.

Shares of Community Trust Bancorp Inc. (NASDAQ:CTBI) traded up 0.14% during trading on Tuesday, hitting $36.60. The stock had a trading volume of 10,771 shares. The stock has a 50-day moving average price of $36.24 and a 200 day moving average price of $35.51. The company has a market cap of $641.60 million, a P/E ratio of 13.86 and a beta of 0.80. Community Trust Bancorp Inc. has a 12 month low of $30.89 and a 12 month high of $37.49.

Community Trust Bancorp (NASDAQ:CTBI) last released its earnings results on Wednesday, July 20th. The financial services provider reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by $0.02. Community Trust Bancorp had a net margin of 24.13% and a return on equity of 9.61%. Equities analysts expect that Community Trust Bancorp Inc. will post $2.70 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.28 annualized dividend and a dividend yield of 3.50%. This is an increase from Community Trust Bancorp’s previous quarterly dividend of $0.31. Community Trust Bancorp’s payout ratio is currently 48.49%.

Separately, Zacks Investment Research downgraded Community Trust Bancorp from a “hold” rating to a “sell” rating in a report on Monday.

In other news, EVP Mark A. Gooch sold 9,532 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $37.19, for a total transaction of $354,495.08. Following the transaction, the executive vice president now owns 19,585 shares of the company’s stock, valued at approximately $728,366.15. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Kevin J. Stumbo sold 5,295 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $36.87, for a total value of $195,226.65. Following the transaction, the chief financial officer now directly owns 7,699 shares in the company, valued at approximately $283,862.13. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.

About Community Trust Bancorp

Community Trust Bancorp, Inc (CTBI) is a bank holding company. The Company operates in the community banking services segment. The Company owns a commercial bank and a trust company, serving small and mid-sized communities in eastern, northeastern, central and south central Kentucky; southern West Virginia, and northeastern Tennessee.

5 Day Chart for NASDAQ:CTBI

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