Community Trust Bancorp, Inc. (CTBI) To Go Ex-Dividend on December 15th

Community Trust Bancorp, Inc. (NASDAQ:CTBI) declared a quarterly dividend on Tuesday, October 28th. Investors of record on Monday, December 15th will be paid a dividend of 0.53 per share by the financial services provider on Friday, January 2nd. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Monday, December 15th.

Community Trust Bancorp has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 44 consecutive 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 Down 0.0%

Shares of CTBI traded down $0.03 during mid-day trading on Friday, hitting $60.12. 83,813 shares of the company’s stock were exchanged, compared to its average volume of 50,964. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 11.63 and a beta of 0.60. The firm has a fifty day moving average of $54.42 and a two-hundred day moving average of $54.72. Community Trust Bancorp has a twelve month low of $44.60 and a twelve month high of $60.56. 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 released its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.06). Community Trust Bancorp had a net margin of 23.24% and a return on equity of 11.73%. The company had revenue of $71.50 million during the quarter, compared to the consensus estimate of $71.85 million. On average, sell-side analysts forecast that Community Trust Bancorp will post 5.06 earnings per share for the current year.

Community Trust Bancorp Company Profile

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.