Wall Street brokerages predict that Community Trust Bancorp, Inc. (NASDAQ:CTBI – Get Rating) will report earnings per share (EPS) of $1.10 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Community Trust Bancorp’s earnings, with estimates ranging from $1.08 to $1.12. Community Trust Bancorp posted earnings per share of $1.34 during the same quarter last year, which would suggest a negative year-over-year growth rate of 17.9%. The company is scheduled to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Community Trust Bancorp will report full year earnings of $4.39 per share for the current year, with EPS estimates ranging from $4.29 to $4.49. For the next year, analysts expect that the company will post earnings of $4.23 per share, with EPS estimates ranging from $4.03 to $4.43. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Community Trust Bancorp.
Community Trust Bancorp (NASDAQ:CTBI – Get Rating) last released its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.15. Community Trust Bancorp had a return on equity of 12.16% and a net margin of 35.41%.
NASDAQ:CTBI opened at $40.20 on Friday. The firm has a market capitalization of $719.58 million, a price-to-earnings ratio of 8.52 and a beta of 0.76. Community Trust Bancorp has a twelve month low of $38.20 and a twelve month high of $46.30. The stock’s 50 day moving average price is $41.04 and its two-hundred day moving average price is $42.88. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.09.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be paid 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 yield of 3.98%. Community Trust Bancorp’s dividend payout ratio is currently 33.90%.
Large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC bought a new position in Community Trust Bancorp in the first quarter worth approximately $27,000. Royal Bank of Canada boosted its holdings in Community Trust Bancorp by 44.4% in the second quarter. Royal Bank of Canada now owns 1,066 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 328 shares in the last quarter. PSI Advisors LLC bought a new position in Community Trust Bancorp in the third quarter worth approximately $45,000. MCF Advisors LLC bought a new position in Community Trust Bancorp in the first quarter worth approximately $54,000. Finally, New York State Teachers Retirement System bought a new position in Community Trust Bancorp in the fourth quarter worth approximately $57,000. Institutional investors and hedge funds 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.
- Get a free copy of the StockNews.com research report on Community Trust Bancorp (CTBI)
- VMWare Inc: Strong Revenues and Excellent Potential
- Etsy Buy!: Why Etsy Stock is Making a Crafty Comeback
- FIGS, Inc Moves Lower On Analysts’ Downgrades
- MarketBeat Podcast: Trading Volatile Markets While Preserving Capital
- Option Care Health Stock is Making a Healthy Pullback
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Community Trust Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Trust Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.