Community Trust Bancorp, Inc. (NASDAQ:CTBI) Announces $0.53 Quarterly Dividend

by · The Cerbat Gem

Community Trust Bancorp, Inc. (NASDAQ:CTBI – Get Free Report) declared a quarterly dividend on Tuesday, January 27th. Shareholders of record on Sunday, March 15th will be paid a dividend of 0.53 per share by the financial services provider on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, March 13th.

Community Trust Bancorp has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 44 consecutive years. Community Trust Bancorp has a dividend payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Community Trust Bancorp to earn $5.35 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 39.6%.

Community Trust Bancorp Stock Performance

Shares of CTBI traded down $1.21 during midday trading on Wednesday, reaching $60.15. 44,941 shares of the stock were exchanged, compared to its average volume of 75,684. The stock’s 50 day simple moving average is $58.15 and its 200 day simple moving average is $56.22. The company has a market cap of $1.09 billion, a P/E ratio of 11.08 and a beta of 0.58. Community Trust Bancorp has a twelve month low of $44.60 and a twelve month high of $65.48. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.08.

Community Trust Bancorp (NASDAQ:CTBI – Get Free Report) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.08. The business had revenue of $74.72 million for the quarter, compared to analyst estimates of $73.15 million. Community Trust Bancorp had a net margin of 23.95% and a return on equity of 12.14%. On average, sell-side analysts expect that Community Trust Bancorp will post 5.06 earnings per share for the current year.

Community Trust Bancorp Company Profile

(Get Free Report)

Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. As the parent of Community Trust Bank, the company provides a comprehensive range of banking services to individuals, families and businesses throughout eastern Kentucky, southern West Virginia and northeast Tennessee. With origins dating back to the early 20th century, the organization has built a reputation for supporting community development and regional economic growth across the Appalachian region.

The company’s personal banking offerings include checking and savings accounts, consumer installment loans, home equity and mortgage lending, as well as online and mobile banking platforms.

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