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

Community Trust Bancorp, Inc. (NASDAQ:CTBI) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Monday, June 15th will be given a dividend of 0.53 per share by the financial services provider on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, June 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 every year for the last 44 years. Community Trust Bancorp has a dividend payout ratio of 39.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Community Trust Bancorp to earn $6.24 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 34.0%.

Community Trust Bancorp Trading Up 1.5%

CTBI stock opened at $71.18 on Friday. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 12.47 and a beta of 0.54. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $65.88 and a 200-day simple moving average of $61.98. Community Trust Bancorp has a 52 week low of $49.61 and a 52 week high of $71.28.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. The business had revenue of $74.20 million during the quarter, compared to the consensus estimate of $73.00 million. Community Trust Bancorp had a return on equity of 12.27% and a net margin of 24.85%. On average, equities research analysts expect that Community Trust Bancorp will post 6.08 EPS for the current 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.