Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) issued its earnings results 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%. During the same quarter last year, the company posted $1.04 EPS.
Community Trust Bancorp Price Performance
Shares of NASDAQ:CTBI traded up $1.22 during midday trading on Wednesday, reaching $53.99. The company's stock had a trading volume of 88,800 shares, compared to its average volume of 79,844. The business's fifty day simple moving average is $56.41 and its 200-day simple moving average is $51.34. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.90 and a quick ratio of 0.90. Community Trust Bancorp has a fifty-two week low of $38.44 and a fifty-two week high of $61.67. The company has a market capitalization of $974.95 million, a P/E ratio of 12.27 and a beta of 0.67.
Community Trust Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Sunday, December 15th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date was Friday, December 13th. Community Trust Bancorp's dividend payout ratio is currently 42.73%.
Analyst Ratings Changes
CTBI has been the subject of several recent analyst reports. 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 note on Friday, October 18th. Piper Sandler reiterated an "overweight" rating and set a $64.00 target price on shares of Community Trust Bancorp in a research report on Friday, November 8th.
View Our Latest Research Report on Community Trust Bancorp
About Community Trust Bancorp
(
Get Free Report)
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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