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

Community Trust Bancorp (NASDAQ:CTBI) announced its earnings results on Wednesday. The financial services provider reported $1.25 EPS for the quarter, topping 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 prior year, the company posted $1.04 EPS.

Community Trust Bancorp Stock Down 1.6 %

Shares of CTBI opened at $53.12 on Friday. The business’s fifty day moving average price is $56.20 and its two-hundred day moving average price is $51.37. The firm 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 has a 52 week low of $38.44 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.

Community Trust Bancorp Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CTBI shares. Raymond James upgraded Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research report on Friday, October 18th. Piper Sandler reiterated an “overweight” rating and set a $64.00 price target on shares of Community Trust Bancorp in a research report on Friday, November 8th.

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.