Community Trust Bancorp (NASDAQ:CTBI) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Community Trust Bancorp (NASDAQ:CTBI) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.02, Fidelity Earnings reports. Community Trust Bancorp had a return on equity of 11.10% and a net margin of 27.46%. The firm had revenue of $48.91 million during the quarter, compared to the consensus estimate of $48.96 million.

NASDAQ:CTBI opened at $42.65 on Friday. The stock has a fifty day moving average price of $41.68 and a two-hundred day moving average price of $41.38. The stock has a market capitalization of $752.69 million, a price-to-earnings ratio of 12.73 and a beta of 0.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.95 and a current ratio of 0.95. Community Trust Bancorp has a 1 year low of $35.70 and a 1 year high of $46.69.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th were given a $0.38 dividend. This is a boost from Community Trust Bancorp’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.52 annualized dividend and a yield of 3.56%. Community Trust Bancorp’s dividend payout ratio is presently 45.37%.

In other Community Trust Bancorp news, Director Franky Minnifield acquired 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $39.33 per share, for a total transaction of $39,330.00. Following the completion of the transaction, the director now owns 4,940 shares of the company’s stock, valued at approximately $194,290.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.90% of the company’s stock.

CTBI has been the subject of several recent research reports. Zacks Investment Research downgraded Community Trust Bancorp from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub cut Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, ValuEngine upgraded Community Trust Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, Keogh plans, and savings certificates, as well as checking and savings, regular, individual retirement, NOW, and money market accounts.

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Earnings History for Community Trust Bancorp (NASDAQ:CTBI)

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