Community Trust Bancorp, Inc. (CTBI) Holdings Cut by Citadel Advisors LLC

Citadel Advisors LLC lessened its holdings in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 49.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,579 shares of the financial services provider’s stock after selling 26,011 shares during the period. Citadel Advisors LLC owned about 0.15% of Community Trust Bancorp worth $1,236,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Teachers Advisors LLC grew its holdings in shares of Community Trust Bancorp by 4.0% during the first quarter. Teachers Advisors LLC now owns 27,331 shares of the financial services provider’s stock worth $1,250,000 after purchasing an additional 1,042 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Community Trust Bancorp by 31.9% during the first quarter. Vanguard Group Inc. now owns 875,130 shares of the financial services provider’s stock worth $40,038,000 after purchasing an additional 211,845 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Community Trust Bancorp by 13.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 85,962 shares of the financial services provider’s stock worth $3,933,000 after purchasing an additional 10,254 shares during the last quarter. Aperio Group LLC grew its holdings in shares of Community Trust Bancorp by 44.6% during the second quarter. Aperio Group LLC now owns 13,329 shares of the financial services provider’s stock worth $583,000 after purchasing an additional 4,111 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Community Trust Bancorp by 14.0% during the second quarter. Russell Investments Group Ltd. now owns 33,028 shares of the financial services provider’s stock worth $1,445,000 after purchasing an additional 4,051 shares during the last quarter. Hedge funds and other institutional investors own 56.11% of the company’s stock.

Community Trust Bancorp, Inc. (CTBI) opened at $49.35 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $871.37, a P/E ratio of 17.97 and a beta of 0.68. Community Trust Bancorp, Inc. has a 12 month low of $40.33 and a 12 month high of $51.90.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.78 EPS for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. The company had revenue of $47.17 million for the quarter, compared to analyst estimates of $48.17 million. Community Trust Bancorp had a return on equity of 9.47% and a net margin of 24.15%. analysts predict that Community Trust Bancorp, Inc. will post 2.81 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 1st. Investors of record on Friday, December 15th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Thursday, December 14th. Community Trust Bancorp’s dividend payout ratio is currently 48.18%.

CTBI has been the topic of several research reports. Zacks Investment Research upgraded Community Trust Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. BidaskClub cut Community Trust Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Community Trust Bancorp has an average rating of “Hold” and an average price target of $50.00.

In related news, Director Franky Minnifield sold 4,183 shares of Community Trust Bancorp stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $50.26, for a total value of $210,237.58. Following the transaction, the director now directly owns 5,075 shares of the company’s stock, valued at $255,069.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Jean R. Hale sold 6,875 shares of Community Trust Bancorp stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $50.60, for a total value of $347,875.00. Following the completion of the transaction, the chairman now directly owns 126,397 shares in the company, valued at $6,395,688.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,774 shares of company stock worth $593,927. 4.80% of the stock is owned by insiders.

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Community Trust Bancorp Profile

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.

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

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