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

Community Trust Bancorp (NASDAQ:CTBI) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates 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%. During the same quarter in the prior year, the business earned $1.04 EPS.

Community Trust Bancorp Stock Up 2.3 %

NASDAQ CTBI opened at $53.99 on Thursday. The stock’s 50-day moving average price is $56.27 and its 200-day moving average price is $51.36. The company has a market capitalization of $975.06 million, a P/E ratio of 12.27 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 has a 52 week low of $38.44 and a 52 week high of $61.67.

Community Trust Bancorp Dividend Announcement

The business also recently declared 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 3.48%. The ex-dividend date was Friday, December 13th. Community Trust Bancorp’s dividend payout ratio is presently 42.73%.

Wall Street Analyst Weigh In

A number of equities analysts have recently 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 target on the stock in a research note on Friday, October 18th. Piper Sandler reissued an “overweight” rating and issued a $64.00 target price 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.