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%.
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.
COPYRIGHT VIOLATION WARNING: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/18/community-trust-bancorp-ctbi-announces-earnings-results.html.
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.
Receive News & Ratings for Community Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.