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

Jane Street Group LLC decreased its position in shares of Community Trust Bancorp, Inc. (NASDAQ:CTBI) by 10.1% during the third quarter, Holdings Channel reports. 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’s holdings in Community Trust Bancorp were worth $812,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CTBI. The Manufacturers Life Insurance Company lifted its position in shares of 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 valued at $267,000 after acquiring an additional 234 shares in the last quarter. CWM LLC raised its stake in Community Trust Bancorp by 12.2% during the 3rd quarter. CWM LLC now owns 2,918 shares of the financial services provider’s stock valued at $145,000 after purchasing an additional 317 shares during the period. ClariVest Asset Management LLC lifted 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 purchasing an additional 445 shares in the last quarter. Renaissance Technologies LLC lifted its holdings 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 worth $6,260,000 after purchasing an additional 500 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings 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 buying an additional 1,079 shares in the last quarter. Institutional investors own 60.20% of the company’s stock.

Analyst Ratings Changes

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

Community Trust Bancorp Stock Down 0.4 %

NASDAQ CTBI opened at $53.03 on Thursday. The stock has a 50 day moving average price of $56.54 and a 200-day moving average price of $50.66. Community Trust Bancorp, Inc. has a one year low of $38.44 and a one year high of $61.67. The company has a market capitalization of $957.62 million, a P/E ratio of 12.05 and a beta of 0.66. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90.

Community Trust Bancorp (NASDAQ:CTBI) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.08. Community Trust Bancorp had a net margin of 21.64% and a return on equity of 10.93%. The business had revenue of $95.38 million for the quarter, compared to the consensus estimate of $62.00 million. As a group, equities analysts predict that Community Trust Bancorp, Inc. will post 4.56 EPS for the current fiscal year.

Community Trust Bancorp Announces Dividend

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

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.