Community Trust Bancorp (NASDAQ:CTBI) Releases Earnings Results, Beats Estimates By $0.03 EPS

Community Trust Bancorp (NASDAQ:CTBI) posted its quarterly earnings data on Wednesday. The financial services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03, RTT News reports. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. The company had revenue of $66.16 million for the quarter, compared to analyst estimates of $64.92 million. During the same period in the prior year, the firm posted $1.04 EPS.

Community Trust Bancorp Price Performance

Community Trust Bancorp stock opened at $47.56 on Thursday. The stock has a market capitalization of $860.93 million, a price-to-earnings ratio of 10.32 and a beta of 0.55. Community Trust Bancorp has a 52-week low of $39.48 and a 52-week high of $61.67. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The stock’s 50 day moving average price is $51.59 and its two-hundred day moving average price is $53.36.

Community Trust Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.95%. The ex-dividend date was Friday, March 14th. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 40.78%.

Analyst Upgrades and Downgrades

Separately, Raymond James cut their price target on shares of Community Trust Bancorp from $60.00 to $58.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd.

About Community Trust Bancorp

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.