Community Trust Bancorp, Inc. (NASDAQ:CTBI) Stock to Pay Quarterly Dividend of $0.65

Community Trust Bancorp, Inc. (NASDAQ:CTBI) announced a quarterly dividend on Tuesday, October 27th. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.65 per share by the financial services provider on Monday, January 4th. This represents a $2.60 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, December 15th.

Community Trust Bancorp has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 44 consecutive years. Community Trust Bancorp has a payout ratio of 48.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Community Trust Bancorp to earn $6.48 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 40.1%.

Community Trust Bancorp Trading Down 0.9%

Shares of NASDAQ CTBI opened at $69.43 on Thursday. Community Trust Bancorp has a twelve month low of $50.25 and a twelve month high of $79.92. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 11.42 and a beta of 0.54. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.08. The company’s fifty day moving average is $75.12 and its 200-day moving average is $68.80.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, October 21st. The financial services provider reported $1.43 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.22). The firm had revenue of $79.70 million during the quarter, compared to the consensus estimate of $80.20 million. Community Trust Bancorp had a net margin of 25.48% and a return on equity of 12.60%. Equities research analysts predict that Community Trust Bancorp will post 6.19 EPS for the current year.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. Through its principal subsidiary, Community Trust Bank, the company provides banking and financial services to individuals, businesses and organizations.

Its products and services include checking and savings accounts, certificates of deposit, consumer and mortgage loans, commercial lending, agricultural financing and other credit products. Community Trust also offers trust and wealth-management services, investment products, insurance and digital banking tools.

Community Trust Bank traces its history to 1903 and has developed a regional banking network serving communities primarily throughout eastern and central Kentucky, as well as portions of southern West Virginia.