Community Trust Bancorp (CTBI) Announces Earnings Results

Community Trust Bancorp (NASDAQ:CTBI) released its earnings results on Wednesday. The financial services provider reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.02), Yahoo Finance reports. The firm had revenue of $47.52 million for the quarter, compared to analyst estimates of $48.00 million. Community Trust Bancorp had a return on equity of 9.47% and a net margin of 24.15%.

Community Trust Bancorp (NASDAQ CTBI) opened at $49.35 on Thursday. The company has a market cap of $869.60, a PE ratio of 18.01 and a beta of 0.68. 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 has a 52-week low of $40.33 and a 52-week high of $51.90.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Friday, December 15th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date was Thursday, December 14th. Community Trust Bancorp’s dividend payout ratio is currently 48.18%.

A number of research analysts have recently commented on CTBI shares. Zacks Investment Research raised shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research report on Monday, October 23rd. BidaskClub lowered shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $50.00.

In other news, Chairman Jean R. Hale sold 6,875 shares of the company’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $50.60, for a total transaction of $347,875.00. Following the completion of the transaction, the chairman now owns 126,397 shares of the company’s stock, valued at $6,395,688.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chad C. Street acquired 4,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were bought at an average cost of $48.79 per share, with a total value of $195,160.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $243,950. The disclosure for this purchase can be found here. Insiders have sold 11,774 shares of company stock valued at $593,927 in the last ninety days. 4.80% of the stock is owned by company insiders.

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About Community Trust Bancorp

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.

Earnings History for Community Trust Bancorp (NASDAQ:CTBI)

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