Community Trust Bancorp (NASDAQ:CTBI) Reports Quarterly Results, Beats Estimates with $0.06 EPS

Community Trust Bancorp (NASDAQ:CTBI – Get Free Report) reported its quarterly results on Wednesday. The financial services company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.06, Yahoo Finance reports. The company had revenue of $92.36 million for the quarter, compared to the consensus estimate of $58.65 million. Community Trust Bancorp had a return on equity of 11.27% and a net margin of 21.85%.

Community Trust Bancorp shares rise 0.1%

CTBI opened at $49.02 on Friday. Community Trust Bancorp has a one-year low of $33.48 and a one-year high of $50.26. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market cap of $883.83 million, a price/earnings ratio of 11.37 and a beta of 0.66. The company’s 50-day simple moving average is $42.95 and its 200-day simple moving average is $41.76.

Community Trust Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Saturday, June 15th were paid a dividend of $0.46 per share. This represents an annualized dividend of $1.84 and a dividend yield of 3.75%. The ex-dividend date for this dividend was Friday, June 14th. Community Trust Bancorp’s payout ratio is 42.69%.

Changes in analyst ratings

Separately, Janney Montgomery Scott took over coverage on shares of Community Trust Bancorp in a research note on Wednesday, March 27. They gave the stock a “buy” rating and a $49.00 price target.

View our latest report on Community Trust Bancorp

About Community Trust Bancorp

(Get free report)

Community Trust Bancorp, Inc. is the bank holding company for Community Trust Bank, Inc. This bank provides business and personal banking, as well as trust and wealth management services, to small and mid-sized communities in eastern, northeastern, central and southcentral Kentucky, as well as southern West Virginia and northeastern Tennessee.

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