Community Trust Bancorp (NASDAQ:CTBI – Get Free Report) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.15 by $0.08, Zacks reports. The business had revenue of $95.38 million during the quarter, compared to analyst estimates of $62.00 million. Community Trust Bancorp had a net margin of 21.85% and a return on equity of 11.14%.
Community Trust Bancorp Stock Up 3.2 %
Community Trust Bancorp stock traded up $1.62 during trading hours on Thursday, hitting $52.38. 64,491 shares of the stock traded hands, compared to its average volume of 48,865. Community Trust Bancorp has a one year low of $34.77 and a one year high of $52.76. The firm’s 50-day moving average price is $48.57 and its two-hundred day moving average price is $45.27. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.09. The company has a market cap of $944.20 million, a PE ratio of 12.15 and a beta of 0.64.
Community Trust Bancorp Increases Dividend
The business 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. The ex-dividend date was Friday, September 13th. 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 3.59%. Community Trust Bancorp’s dividend payout ratio (DPR) is 43.62%.
Insider Transactions at Community Trust Bancorp
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.
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