Sun Sep 15 10:54:58 UTC 2024: ## Institutional Investors Show Confidence in Community Trust Bancorp

**Lexington, KY – September 15, 2024** – Community Trust Bancorp, Inc. (NASDAQ: CTBI) is attracting attention from institutional investors. Quest Partners LLC significantly increased its stake in the financial services provider during the second quarter, bolstering its holdings by 70.1%. This move, along with new investments from Los Angeles Capital Management LLC, Innealta Capital LLC, CWM LLC, EMC Capital Management, and William Howard & Co Financial Advisors Inc., underscores confidence in the company’s performance. Currently, institutional investors own 60.20% of Community Trust Bancorp’s stock.

Adding to this positive outlook, David Andrew Jones, EVP of Community Trust Bancorp, acquired 10,000 shares of the company’s stock on July 22nd, signaling his own belief in the company’s future. This insider purchase further strengthens the positive narrative surrounding the company.

Community Trust Bancorp’s recent financial performance supports the growing investor interest. The company exceeded analysts’ expectations in the second quarter, reporting earnings per share of $1.09, surpassing the consensus estimate by $0.06. Revenue also outperformed expectations, reaching $92.36 million compared to the projected $58.65 million.

The company’s commitment to shareholder returns is further demonstrated by the recent increase in its quarterly dividend. Starting October 1st, shareholders of record on September 15th will receive a $0.47 dividend, a bump from the previous $0.46. This translates to an annualized dividend of $1.88, representing a dividend yield of 3.87%.

Community Trust Bancorp operates primarily in Kentucky and surrounding states, providing a range of banking and wealth management services to individuals and businesses. The company’s consistent performance, coupled with the growing confidence of institutional investors and insiders, suggests a promising future for Community Trust Bancorp.

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