Community Trust Bancorp, Inc. (NASDAQ:CTBI) Expected to Announce Quarterly Sales of $55.40 Million

Wall Street brokerages expect that Community Trust Bancorp, Inc. (NASDAQ:CTBIGet Rating) will announce sales of $55.40 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Community Trust Bancorp’s earnings. The lowest sales estimate is $55.00 million and the highest is $55.80 million. Community Trust Bancorp posted sales of $55.76 million during the same quarter last year, which suggests a negative year over year growth rate of 0.6%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Community Trust Bancorp will report full year sales of $222.30 million for the current financial year, with estimates ranging from $220.00 million to $224.60 million. For the next year, analysts forecast that the business will post sales of $228.65 million, with estimates ranging from $223.00 million to $234.30 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Community Trust Bancorp.

Community Trust Bancorp (NASDAQ:CTBIGet Rating) last issued its 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 net margin of 35.41% and a return on equity of 12.33%.

A number of brokerages recently commented on CTBI. Zacks Investment Research raised shares of Community Trust Bancorp from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a research note on Wednesday, April 27th. lowered shares of Community Trust Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday.

Community Trust Bancorp stock opened at $40.26 on Monday. The firm has a market capitalization of $720.45 million, a price-to-earnings ratio of 8.53 and a beta of 0.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.80 and a current ratio of 0.78. Community Trust Bancorp has a fifty-two week low of $38.20 and a fifty-two week high of $46.30. The stock’s fifty day moving average is $41.07 and its two-hundred day moving average is $42.90.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Stockholders of record on Wednesday, June 15th will be given a $0.40 dividend. 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%.

Several large investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC purchased a new stake in shares of Community Trust Bancorp in the first quarter valued at $27,000. Royal Bank of Canada grew 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 buying an additional 328 shares during the period. PSI Advisors LLC acquired a new position in shares of Community Trust Bancorp during the 3rd quarter valued at about $45,000. MCF Advisors LLC purchased a new position in shares of Community Trust Bancorp during the 1st quarter worth about $54,000. Finally, New York State Teachers Retirement System acquired a new stake in shares of Community Trust Bancorp in the fourth quarter worth approximately $57,000. 57.96% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Community Trust Bancorp (NASDAQ:CTBI)

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