Community Trust Bancorp (NASDAQ:CTBI) Releases Earnings Results, Beats Expectations By $0.33 EPS

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Community Trust Bancorp (NASDAQ:CTBI) announced its earnings results on Tuesday. The financial services provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.00 by $0.33, MarketWatch Earnings reports. Community Trust Bancorp had a net margin of 25.76% and a return on equity of 9.53%.

CTBI stock traded down $0.01 during midday trading on Thursday, reaching $44.86. The company had a trading volume of 40,710 shares, compared to its average volume of 68,708. The company has a market capitalization of $799.67 million, a price-to-earnings ratio of 13.35 and a beta of 0.84. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a 50 day moving average price of $44.93 and a 200-day moving average price of $38.30. Community Trust Bancorp has a 1-year low of $26.45 and a 1-year high of $47.53.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Monday, March 15th were paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Friday, March 12th. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 42.31%.

Several analysts have commented on CTBI shares. Raymond James restated a “hold” rating on shares of Community Trust Bancorp in a report on Monday, January 25th. Zacks Investment Research upgraded shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Friday, January 22nd.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, checking accounts, savings accounts and savings certificates, individual retirement accounts and Keogh plans, and money market accounts.

Further Reading: Dual Listing What You Need to Know

Earnings History for Community Trust Bancorp (NASDAQ:CTBI)

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