Community Trust Bancorp (CTBI) Expected to Announce Earnings on Wednesday

Community Trust Bancorp (NASDAQ:CTBI) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, April 16th. Analysts expect the company to announce earnings of $1.19 per share and revenue of $64.92 million for the quarter.

Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.05. Community Trust Bancorp had a net margin of 22.02% and a return on equity of 11.36%. During the same quarter in the prior year, the business posted $1.04 EPS. On average, analysts expect Community Trust Bancorp to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Community Trust Bancorp Stock Up 0.2 %

Shares of CTBI opened at $46.40 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50-day simple moving average of $52.52 and a 200-day simple moving average of $53.46. Community Trust Bancorp has a 52 week low of $39.28 and a 52 week high of $61.67. The firm has a market capitalization of $839.93 million, a P/E ratio of 10.07 and a beta of 0.55.

Community Trust Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Saturday, March 15th were issued a $0.47 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.88 annualized dividend and a yield of 4.05%. Community Trust Bancorp’s dividend payout ratio (DPR) is 40.78%.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered their price objective on Community Trust Bancorp from $60.00 to $58.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd.

About Community Trust Bancorp

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.