Community Trust Bancorp, Inc. Plans Quarterly Dividend of $0.53 (NASDAQ:CTBI)

Community Trust Bancorp, Inc. (NASDAQ:CTBI) declared a quarterly dividend on Tuesday, January 27th. Shareholders of record on Sunday, March 15th will be given a dividend of 0.53 per share by the financial services provider on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Friday, March 13th.

Community Trust Bancorp has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 44 years. Community Trust Bancorp has a payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Community Trust Bancorp to earn $5.35 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 39.6%.

Community Trust Bancorp Stock Performance

Shares of NASDAQ:CTBI traded down $1.21 during trading on Wednesday, hitting $60.15. 44,941 shares of the company traded hands, compared to its average volume of 75,684. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 11.08 and a beta of 0.58. The business’s fifty day moving average is $58.15 and its 200-day moving average is $56.22. Community Trust Bancorp has a one year low of $44.60 and a one year high of $65.48. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.08.

Community Trust Bancorp (NASDAQ:CTBI) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.08. Community Trust Bancorp had a return on equity of 12.14% and a net margin of 23.95%.The business had revenue of $74.72 million during the quarter, compared to analyst estimates of $73.15 million. As a group, equities analysts predict that Community Trust Bancorp will post 5.06 earnings per share for the current fiscal year.

Community Trust Bancorp Company Profile

Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. As the parent of Community Trust Bank, the company provides a comprehensive range of banking services to individuals, families and businesses throughout eastern Kentucky, southern West Virginia and northeast Tennessee. With origins dating back to the early 20th century, the organization has built a reputation for supporting community development and regional economic growth across the Appalachian region.

The company’s personal banking offerings include checking and savings accounts, consumer installment loans, home equity and mortgage lending, as well as online and mobile banking platforms.