Community Trust Bancorp, Inc. (CTBI) to Distribute Quarterly Dividend of $0.65 on January 4th

Community Trust Bancorp, Inc. (NASDAQ:CTBI) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.65 per share by the financial services provider on Monday, January 4th. This represents a $2.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, December 15th.

Community Trust Bancorp has increased its dividend by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 44 consecutive years. Community Trust Bancorp has a dividend payout ratio of 48.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Community Trust Bancorp to earn $6.48 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 40.1%.

Community Trust Bancorp Trading Up 0.6%

NASDAQ CTBI opened at $70.45 on Thursday. The business’s fifty day moving average is $75.12 and its 200 day moving average is $68.80. Community Trust Bancorp has a twelve month low of $50.25 and a twelve month high of $79.92. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 11.59 and a beta of 0.54.

Community Trust Bancorp (NASDAQ:CTBI) last announced its earnings results on Wednesday, October 21st. The financial services provider reported $1.43 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.22). The company had revenue of $79.70 million during the quarter, compared to the consensus estimate of $80.20 million. Community Trust Bancorp had a net margin of 25.48% and a return on equity of 12.60%. As a group, sell-side analysts expect that Community Trust Bancorp will post 6.19 EPS for the current fiscal year.

Insider Transactions at Community Trust Bancorp

In other Community Trust Bancorp news, Director Franky Minnifield sold 3,900 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $78.85, for a total value of $307,515.00. Following the completion of the sale, the director owned 8,320 shares of the company’s stock, valued at $656,032. This trade represents a 31.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Community Trust Bancorp

Several hedge funds have recently modified their holdings of the business. Heartland Advisors Inc. acquired a new stake in Community Trust Bancorp in the second quarter worth about $11,882,000. Lazard Asset Management LLC purchased a new stake in Community Trust Bancorp during the first quarter worth $1,555,000. Fifth Third Bancorp purchased a new position in Community Trust Bancorp during the first quarter worth approximately $844,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Community Trust Bancorp in the first quarter valued at approximately $994,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Community Trust Bancorp in the 2nd quarter valued at $774,000. Hedge funds and other institutional investors own 60.20% of the company’s stock.

About Community Trust Bancorp

Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. Through its principal subsidiary, Community Trust Bank, the company provides banking and financial services to individuals, businesses and organizations.

Its products and services include checking and savings accounts, certificates of deposit, consumer and mortgage loans, commercial lending, agricultural financing and other credit products. Community Trust also offers trust and wealth-management services, investment products, insurance and digital banking tools.

Community Trust Bank traces its history to 1903 and has developed a regional banking network serving communities primarily throughout eastern and central Kentucky, as well as portions of southern West Virginia.