Community Trust Bancorp, Inc. (CTBI) Position Trimmed by Citadel Advisors LLC

Citadel Advisors LLC lessened its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 49.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,579 shares of the financial services provider’s stock after selling 26,011 shares during the quarter. Citadel Advisors LLC owned about 0.15% of Community Trust Bancorp worth $1,236,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Community Trust Bancorp by 0.6% in the second quarter. Vanguard Group Inc. now owns 880,354 shares of the financial services provider’s stock worth $38,516,000 after acquiring an additional 5,224 shares in the last quarter. State Street Corp grew its stake in shares of Community Trust Bancorp by 4.0% during the second quarter. State Street Corp now owns 298,264 shares of the financial services provider’s stock worth $13,047,000 after purchasing an additional 11,508 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Community Trust Bancorp by 5.6% during the second quarter. Prudential Financial Inc. now owns 125,659 shares of the financial services provider’s stock worth $5,498,000 after purchasing an additional 6,620 shares in the last quarter. Russell Investments Group Ltd. grew its stake 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 in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Community Trust Bancorp by 13.6% during the second quarter. First Trust Advisors LP now owns 56,668 shares of the financial services provider’s stock worth $2,479,000 after purchasing an additional 6,793 shares in the last quarter. Hedge funds and other institutional investors own 56.11% of the company’s stock.

In other Community Trust Bancorp news, Director Franky Minnifield sold 4,183 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $50.26, for a total transaction of $210,237.58. Following the transaction, the director now 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 accessible through the SEC website. Also, Chairman Jean R. Hale sold 6,875 shares of the stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $50.60, for a total transaction of $347,875.00. Following the transaction, the chairman now directly owns 126,397 shares in the company, valued at approximately $6,395,688.20. The disclosure for this sale can be found here. Insiders sold 11,774 shares of company stock worth $593,927 over the last quarter. Company insiders own 4.80% of the company’s stock.

Community Trust Bancorp, Inc. (CTBI) opened at $48.95 on Friday. The stock has a market cap of $897.22, a PE ratio of 17.25 and a beta of 0.67. Community Trust Bancorp, Inc. has a 1-year low of $40.33 and a 1-year high of $51.90. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.21.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 1st. Stockholders of record on Friday, December 15th will be given a $0.33 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.32 annualized dividend and a dividend yield of 2.70%. Community Trust Bancorp’s dividend payout ratio is presently 48.00%.

CTBI has been the subject of a number of research reports. BidaskClub cut shares of Community Trust Bancorp from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research cut shares of Community Trust Bancorp from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Community Trust Bancorp presently has an average rating of “Hold” and a consensus price target of $50.00.

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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.

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

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