Dimensional Fund Advisors Trims Community Trust Bancorp Stake to 5.6%

TL;DR

**Dimensional Fund Advisors slightly cut its stake in Community Trust Bancorp to 5.6%.**

AI Summary

Dimensional Fund Advisors LP, a major investment firm, has updated its ownership stake in Community Trust Bancorp Inc. As of December 29, 2023, Dimensional Fund Advisors LP reported beneficial ownership of 1,023,387 shares of Community Trust Bancorp's Common Stock, representing 5.6% of the company. This is an amendment (Amendment No. 6) to their previous filings, indicating a slight decrease from their prior reported stake of 1,040,113 shares (5.7%) as of December 30, 2022. This matters to investors because it shows a significant institutional investor maintains a substantial, though slightly reduced, position in the bank, signaling continued confidence but also a minor trimming of their holdings.

Why It Matters

This filing reveals a large institutional investor's updated position, which can influence market perception and potentially signal a shift in their investment strategy for Community Trust Bancorp.

Risk Assessment

Risk Level: low — The change in ownership is minor, and Dimensional Fund Advisors LP still holds a significant stake, indicating no major red flags for the company.

Analyst Insight

Investors should note that a major institutional investor has slightly reduced its stake, which could warrant further investigation into Community Trust Bancorp's recent performance or outlook, but it's not a strong sell signal given the still substantial holding.

Key Numbers

• 1,023,387 — Shares owned by Dimensional Fund Advisors LP (Represents the current beneficial ownership of Community Trust Bancorp Inc common stock.)
• 5.6% — Percentage of class owned (Indicates the proportion of Community Trust Bancorp Inc common stock held by Dimensional Fund Advisors LP.)
• December 29, 2023 — Date of event (The effective date for the reported ownership stake.)
• Amendment No. 6 — Filing amendment number (Shows this is an update to a previously filed SC 13G, indicating ongoing monitoring by the investor.)

Key Players & Entities

• Dimensional Fund Advisors LP (company) — the reporting person and institutional investor
• Community Trust Bancorp Inc (company) — the issuer of the securities
• 1,023,387 shares (dollar_amount) — shares beneficially owned by Dimensional Fund Advisors LP as of December 29, 2023
• 5.6% (dollar_amount) — percentage of class beneficially owned by Dimensional Fund Advisors LP as of December 29, 2023
• December 29, 2023 (date) — date of the event requiring the filing
• 1,040,113 shares (dollar_amount) — shares beneficially owned by Dimensional Fund Advisors LP as of December 30, 2022 (from previous filing)
• 5.7% (dollar_amount) — percentage of class beneficially owned by Dimensional Fund Advisors LP as of December 30, 2022 (from previous filing)

Forward-Looking Statements

• Dimensional Fund Advisors LP will maintain a significant, but potentially slightly fluctuating, stake in Community Trust Bancorp Inc over the next year. (Dimensional Fund Advisors LP) — medium confidence, target: December 29, 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 17KB
• 0000354204-24-003144.txt ( ) — 19KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 6 ) * Community Trust Bancorp Inc (Name of Issuer) Common Stock (Title of Class of Securities) 204149108 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 204149108 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Dimensional Fund Advisors LP 30-0447847 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [X] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware Limited Partnership NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 1,136,964 ** see Note 1 ** 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 1,158,760 ** see Note 1 ** 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,158,760 ** see Note 1 ** 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.4% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Community Trust Bancorp Inc (b) Address of Issuer's Principal Executive Offices 346 North Mayo Trail, Pikeville, KY 41501 Item 2. (a) Name of Person Filing Dimensional Fund Advisors LP (b) Address of Principal Business Office or, if None, Residence 6300 Bee Cave Road, Building One, Austin, TX 78746 (c) Citizenship Delaware Limited Partnership (d) Title of Class of Securities Common Stock (e) CUSIP Number 204149108 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 1,158,760 ** see Note 1 ** (b) Percent of Class: 6.4% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 1,136,964 ** see Note 1 ** (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 1,158,760 ** see Note 1 ** (iv) shared power to dispose or to direct the disposition of 0 ** Note 1 ** Dimensional Fund Advisors LP, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to four investment companies registered under the Investment Company Act of 1940, and serves as investment manager or sub-adviser to certain other commingled funds, group trusts and separate accounts (such investment companies, trusts and accounts, collectively referred to as the "Funds"). In certain cases, subsidiaries of Dimensional Fund Advisors LP may act as an adviser or sub-adviser to certain Funds. In its role as investment advisor, sub-adviser and/or manager, Dimensional Fund Advisors LP or its subsidiaries (collectively, "Dimensional") may possess voting and/or investment power over the securities of the Issuer that are owned by the Funds, and may be deemed to be

View Full Filing

View this SC 13G/A filing on SEC EDGAR