Brokerages expect that Community Trust Bancorp, Inc. (NASDAQ:CTBI – Get Rating) will post earnings of $1.10 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Community Trust Bancorp’s earnings, with the lowest EPS estimate coming in at $1.08 and the highest estimate coming in at $1.12. Community Trust Bancorp posted earnings of $1.34 per share during the same quarter last year, which would indicate a negative year over year growth rate of 17.9%. The firm is expected to issue its next earnings report on Monday, January 1st.
On average, analysts expect that Community Trust Bancorp will report full year earnings of $4.39 per share for the current fiscal year, with EPS estimates ranging from $4.29 to $4.49. For the next year, analysts anticipate that the firm will post earnings of $4.23 per share, with EPS estimates ranging from $4.03 to $4.43. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Community Trust Bancorp.
Community Trust Bancorp (NASDAQ:CTBI – Get Rating) last announced its quarterly earnings results on Wednesday, April 20th. The financial services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.96 by $0.15. Community Trust Bancorp had a return on equity of 12.33% and a net margin of 35.41%.
Shares of Community Trust Bancorp stock traded down $0.54 during trading on Friday, hitting $40.26. 53,198 shares of the company were exchanged, compared to its average volume of 43,673. The company has a quick ratio of 0.80, a current ratio of 0.78 and a debt-to-equity ratio of 0.09. Community Trust Bancorp has a fifty-two week low of $38.20 and a fifty-two week high of $46.30. The stock has a market capitalization of $720.65 million, a price-to-earnings ratio of 8.53 and a beta of 0.76. The firm has a 50 day moving average price of $41.07 and a 200 day moving average price of $42.90.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.60 annualized dividend and a dividend yield of 3.97%. Community Trust Bancorp’s dividend payout ratio is currently 33.90%.
Institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC acquired a new position in Community Trust Bancorp in the 1st quarter valued at $27,000. Royal Bank of Canada raised its holdings in Community Trust Bancorp by 44.4% in the 2nd quarter. Royal Bank of Canada now owns 1,066 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 328 shares during the last quarter. PSI Advisors LLC acquired a new position in Community Trust Bancorp in the 3rd quarter valued at $45,000. New York State Teachers Retirement System acquired a new position in Community Trust Bancorp in the 4th quarter valued at $57,000. Finally, MCF Advisors LLC acquired a new position in Community Trust Bancorp in the 1st quarter valued at $54,000. Institutional investors own 57.96% of the company’s stock.
Community Trust Bancorp Company Profile (Get Rating)
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.
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