Community Trust Bancorp (NASDAQ:CTBI) Announces Earnings Results

Posted by Don Miller on Jul 18th, 2024

Community Trust Bancorp (NASDAQ:CTBI – Get Free Report) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.06, Yahoo Finance reports. The firm had revenue of $92.36 million during the quarter, compared to the consensus estimate of $58.65 million. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.64%.

Community Trust Bancorp Stock Up 3.3 %

Shares of NASDAQ CTBI opened at $49.91 on Thursday. Community Trust Bancorp has a one year low of $33.48 and a one year high of $50.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.88 and a quick ratio of 0.88. The business’s fifty day moving average price is $42.75 and its 200-day moving average price is $41.68. The stock has a market capitalization of $899.88 million, a PE ratio of 11.58 and a beta of 0.66.

Community Trust Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Saturday, June 15th were given a dividend of $0.46 per share. The ex-dividend date was Friday, June 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.69%. Community Trust Bancorp’s dividend payout ratio is presently 42.69%.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott initiated coverage on Community Trust Bancorp in a research report on Wednesday, March 27th. They set a “buy” rating and a $49.00 price target on the stock.

Get Our Latest Stock Report on CTBI

Community Trust Bancorp Company Profile

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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.