Community Trust Bancorp (NASDAQ:CTBI) Issues Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Community Trust Bancorp (NASDAQ:CTBI) released its quarterly earnings data on Wednesday. The financial services provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.08, Zacks reports. Community Trust Bancorp had a net margin of 21.85% and a return on equity of 11.14%. The company had revenue of $95.38 million during the quarter, compared to analysts’ expectations of $62.00 million.

Community Trust Bancorp Trading Down 1.7 %

Shares of CTBI stock opened at $51.48 on Friday. Community Trust Bancorp has a 1-year low of $35.35 and a 1-year high of $52.76. The company has a market cap of $927.98 million, a price-to-earnings ratio of 11.94 and a beta of 0.64. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a 50 day simple moving average of $48.68 and a 200-day simple moving average of $45.32.

Community Trust Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Sunday, September 15th were issued a $0.47 dividend. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.46. This represents a $1.88 annualized dividend and a yield of 3.65%. The ex-dividend date was Friday, September 13th. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 43.62%.

Insider Activity at Community Trust Bancorp

In related news, EVP David Andrew Jones acquired 10,000 shares of Community Trust Bancorp stock in a transaction on Monday, July 22nd. The stock was bought at an average cost of $32.27 per share, for a total transaction of $322,700.00. Following the completion of the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $322,700. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 4.30% of the stock is owned by corporate insiders.

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.