Jane Street Group LLC Sells 1,829 Shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Jane Street Group LLC decreased its position in Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 10.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,343 shares of the financial services provider’s stock after selling 1,829 shares during the period. Jane Street Group LLC owned approximately 0.09% of Community Trust Bancorp worth $812,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its holdings in Community Trust Bancorp by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 6,112 shares of the financial services provider’s stock worth $267,000 after buying an additional 234 shares during the last quarter. CWM LLC increased its position in shares of Community Trust Bancorp by 12.2% during the third quarter. CWM LLC now owns 2,918 shares of the financial services provider’s stock valued at $145,000 after acquiring an additional 317 shares in the last quarter. ClariVest Asset Management LLC raised its holdings in Community Trust Bancorp by 2.9% in the 2nd quarter. ClariVest Asset Management LLC now owns 15,913 shares of the financial services provider’s stock worth $695,000 after acquiring an additional 445 shares during the last quarter. Renaissance Technologies LLC lifted its position in Community Trust Bancorp by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 143,382 shares of the financial services provider’s stock valued at $6,260,000 after acquiring an additional 500 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Community Trust Bancorp by 33.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,285 shares of the financial services provider’s stock valued at $213,000 after purchasing an additional 1,079 shares during the last quarter. Institutional investors own 60.20% of the company’s stock.

Community Trust Bancorp Trading Down 0.4 %

NASDAQ:CTBI opened at $53.03 on Thursday. The company has a market cap of $957.62 million, a PE ratio of 12.05 and a beta of 0.66. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The company has a 50 day simple moving average of $56.54 and a two-hundred day simple moving average of $50.66. Community Trust Bancorp, Inc. has a 12 month low of $38.44 and a 12 month high of $61.67.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.15 by $0.08. Community Trust Bancorp had a return on equity of 10.93% and a net margin of 21.64%. The company had revenue of $95.38 million during the quarter, compared to analyst estimates of $62.00 million. Research analysts forecast that Community Trust Bancorp, Inc. will post 4.56 earnings per share for the current year.

Community Trust Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Friday, December 13th. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 42.73%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CTBI. Raymond James upgraded Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research note on Friday, October 18th. Piper Sandler reissued an “overweight” rating and issued a $64.00 target price on shares of Community Trust Bancorp in a research report on Friday, November 8th.

About Community Trust Bancorp

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that engages in the provision of commercial and personal banking, and trust and wealth management services to small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, as well as southern West Virginia, and northeastern Tennessee.