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

Community Trust Bancorp (NASDAQ:CTBI) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.05, Zacks reports. Community Trust Bancorp had a net margin of 21.64% and a return on equity of 10.93%.

Community Trust Bancorp Stock Up 2.6 %

Community Trust Bancorp stock opened at $54.15 on Wednesday. Community Trust Bancorp has a twelve month low of $38.44 and a twelve month high of $61.67. The firm has a 50 day moving average price of $56.41 and a 200-day moving average price of $51.34. The company has a market capitalization of $977.84 million, a P/E ratio of 12.31 and a beta of 0.67. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.09.

Community Trust Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Sunday, December 15th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Friday, December 13th. Community Trust Bancorp’s dividend payout ratio is currently 42.73%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CTBI shares. Raymond James upgraded shares of Community Trust Bancorp from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Friday, October 18th. Piper Sandler restated an “overweight” rating and issued a $64.00 target price 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.