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

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

Shares of NASDAQ:CTBI traded down $0.69 during midday trading on Thursday, reaching $39.05. The company had a trading volume of 624 shares, compared to its average volume of 58,268. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.86 and a quick ratio of 0.86. The company’s fifty day simple moving average is $42.16. The stock has a market cap of $696.26 million, a PE ratio of 9.06 and a beta of 0.87. Community Trust Bancorp has a one year low of $27.74 and a one 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 paid a $0.385 dividend. The ex-dividend date was Monday, June 14th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 3.94%. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 45.97%.

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

Separately, Zacks Investment Research lowered shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, July 2nd.

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.

Recommended Story: What is a put option?

Earnings History for Community Trust Bancorp (NASDAQ:CTBI)

Receive News & Ratings for Community Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.