Community Trust Bancorp (NASDAQ:CTBI) Releases Quarterly Earnings Results

by · The Markets Daily

Community Trust Bancorp (NASDAQ:CTBI – Get Free Report) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.05, Zacks reports. Community Trust Bancorp had a return on equity of 10.93% and a net margin of 21.64%.

Community Trust Bancorp Stock Performance

Shares of CTBI traded up $0.83 during mid-day trading on Wednesday, reaching $53.60. The company’s stock had a trading volume of 4,624 shares, compared to its average volume of 70,317. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. Community Trust Bancorp has a 1-year low of $38.44 and a 1-year high of $61.67. The business has a 50-day simple moving average of $56.41 and a two-hundred day simple moving average of $51.34. The stock has a market cap of $967.91 million, a P/E ratio of 12.18 and a beta of 0.67.

Community Trust Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Sunday, December 15th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Friday, December 13th. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 42.73%.

Analysts Set New Price Targets

CTBI has been the subject of a number of recent research reports. Piper Sandler reaffirmed an “overweight” rating and set a $64.00 price target on shares of Community Trust Bancorp in a research report on Friday, November 8th. Raymond James upgraded shares of Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Friday, October 18th.

Read Our Latest Report on Community Trust Bancorp

Community Trust Bancorp Company Profile

(Get Free Report)

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that engages in the provision of commercial and personal banking, and trust and wealth management services to small and mid-sized communities in eastern, northeastern, central, and south-central Kentucky, as well as southern West Virginia, and northeastern Tennessee.

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