Community Trust Bancorp (CTBI) to Release Earnings on Wednesday

Community Trust Bancorp (NASDAQ:CTBI) is scheduled to issue its quarterly earnings data on Wednesday, April 17th.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings results on Wednesday, January 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.04). Community Trust Bancorp had a return on equity of 11.68% and a net margin of 23.91%. The firm had revenue of $57.00 million during the quarter, compared to analysts’ expectations of $58.00 million. On average, analysts expect Community Trust Bancorp to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Community Trust Bancorp Price Performance

NASDAQ CTBI opened at $39.91 on Tuesday. The firm’s fifty day simple moving average is $40.41 and its two-hundred day simple moving average is $40.20. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.10. Community Trust Bancorp has a 12-month low of $32.68 and a 12-month high of $45.74. The firm has a market capitalization of $719.18 million, a P/E ratio of 9.17 and a beta of 0.68.

Community Trust Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.46 dividend. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.40. This represents a $1.84 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Thursday, March 14th. Community Trust Bancorp’s payout ratio is currently 42.30%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Piper Sandler assumed coverage on shares of Community Trust Bancorp in a report on Friday, February 16th. They issued an “overweight” rating and a $47.00 price target on the stock. Janney Montgomery Scott initiated coverage on shares of Community Trust Bancorp in a report on Wednesday, March 27th. They issued a “buy” rating and a $49.00 price target on the stock.

Insider Transactions at Community Trust Bancorp

In other Community Trust Bancorp news, Director Franky Minnifield bought 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost of $39.28 per share, for a total transaction of $78,560.00. Following the completion of the transaction, the director now directly owns 14,401 shares of the company’s stock, valued at approximately $565,671.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Franky Minnifield acquired 2,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was bought at an average price of $39.28 per share, with a total value of $78,560.00. Following the completion of the acquisition, the director now owns 14,401 shares of the company’s stock, valued at $565,671.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Mark A. Gooch acquired 856 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was purchased at an average cost of $41.68 per share, with a total value of $35,678.08. Following the acquisition, the chief executive officer now directly owns 27,191 shares of the company’s stock, valued at approximately $1,133,320.88. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 5,117 shares of company stock worth $207,283. Company insiders own 4.30% of the company’s stock.

Institutional Trading of Community Trust Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Community Trust Bancorp by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 883,484 shares of the financial services provider’s stock valued at $38,750,000 after acquiring an additional 14,095 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Community Trust Bancorp by 23.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,853 shares of the financial services provider’s stock valued at $608,000 after purchasing an additional 2,595 shares during the period. Barclays PLC lifted its stake in shares of Community Trust Bancorp by 32.0% in the 4th quarter. Barclays PLC now owns 60,908 shares of the financial services provider’s stock valued at $2,672,000 after purchasing an additional 14,774 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Community Trust Bancorp by 0.4% during the 4th quarter. Nuveen Asset Management LLC now owns 106,800 shares of the financial services provider’s stock worth $4,684,000 after purchasing an additional 455 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new position in Community Trust Bancorp in the fourth quarter valued at about $206,000. Hedge funds and other institutional investors own 60.20% of the company’s stock.

About Community Trust Bancorp

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.