Community Trust Bancorp (NASDAQ:CTBI) Releases Earnings Results, Beats Expectations By $0.23 EPS

Community Trust Bancorp (NASDAQ:CTBI) released its earnings results on Tuesday. The financial services provider reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.23, MarketWatch Earnings reports. Community Trust Bancorp had a return on equity of 11.81% and a net margin of 32.63%.

CTBI stock traded down $0.63 during trading on Thursday, hitting $39.11. 36 shares of the company traded hands, compared to its average volume of 58,268. The stock’s 50-day moving average is $42.16. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $697.33 million, a P/E ratio of 9.22 and a beta of 0.87. Community Trust Bancorp has a 1 year low of $27.74 and a 1 year high of $47.53.

The business also recently declared a quarterly dividend, which was paid on Thursday, July 1st. Investors of record on Tuesday, June 15th were given a dividend of $0.385 per share. This represents a $1.54 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Monday, June 14th. Community Trust Bancorp’s dividend payout ratio is currently 45.97%.

Separately, Zacks Investment Research downgraded Community Trust Bancorp from a “buy” rating to a “hold” rating in a report on Friday, July 2nd.

In related news, EVP Richard W. Newsom sold 2,211 shares of Community Trust Bancorp stock in a transaction that occurred on Friday, June 11th. The stock was sold at an average price of $43.06, for a total transaction of $95,205.66. Following the completion of the transaction, the executive vice president now directly owns 8,936 shares in the company, valued at $384,784.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.80% of the stock is currently owned by company insiders.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc operates as the bank holding company for Community Trust Bank, Inc that provides commercial and personal banking services to small and mid-sized communities. The company accepts time and demand deposits, checking accounts, savings accounts and savings certificates, individual retirement accounts and Keogh plans, and money market accounts.

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Earnings History for Community Trust Bancorp (NASDAQ:CTBI)

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