Community Trust Bancorp (NASDAQ:CTBI) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Community Trust Bancorp (NASDAQ:CTBI) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.25 EPS for the quarter, beating the consensus estimate 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%. During the same period in the previous year, the business posted $1.04 earnings per share.

Community Trust Bancorp Stock Performance

Shares of NASDAQ:CTBI opened at $53.12 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. The business’s fifty day moving average price is $56.20 and its two-hundred day moving average price is $51.37. Community Trust Bancorp has a fifty-two week low of $38.44 and a fifty-two week high of $61.67. The stock has a market capitalization of $959.35 million, a price-to-earnings ratio of 12.07 and a beta of 0.67.

Community Trust Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Sunday, December 15th were given a dividend of $0.47 per share. The ex-dividend date was Friday, December 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.54%. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 42.73%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CTBI shares. Raymond James upgraded Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research note on Friday, October 18th. Piper Sandler reaffirmed an “overweight” rating and set a $64.00 price objective on shares of Community Trust Bancorp in a report on Friday, November 8th.

Community Trust Bancorp Company Profile

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.