Community Trust Bancorp, Inc. (CTBI) To Go Ex-Dividend on March 13th

Community Trust Bancorp, Inc. (NASDAQ:CTBI) declared a quarterly dividend on Tuesday, January 27th. Stockholders of record on Sunday, March 15th will be given a dividend of 0.53 per share by the financial services provider on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, March 13th.

Community Trust Bancorp has increased its dividend by an average of 0.0%per year over the last three years and has raised 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. Equities analysts expect Community Trust Bancorp to earn $5.35 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 39.6%.

Community Trust Bancorp Stock Performance

Shares of CTBI opened at $60.14 on Thursday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 11.08 and a beta of 0.58. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.93 and a quick ratio of 0.93. Community Trust Bancorp has a one year low of $44.60 and a one year high of $65.48. The business has a fifty day moving average of $58.29 and a 200 day moving average of $56.25.

Community Trust Bancorp (NASDAQ:CTBI) last announced its earnings results on Wednesday, January 21st. The financial services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.08. The business had revenue of $74.72 million for the quarter, compared to analysts’ expectations of $73.15 million. Community Trust Bancorp had a return on equity of 12.14% and a net margin of 23.95%. As a group, sell-side analysts anticipate that Community Trust Bancorp will post 5.06 EPS for the current year.

Hedge Funds Weigh In On Community Trust Bancorp

Hedge funds have recently modified their holdings of the company. Assetmark Inc. bought a new stake in shares of Community Trust Bancorp during the 4th quarter valued at $27,000. Farther Finance Advisors LLC purchased a new stake in Community Trust Bancorp in the 2nd quarter worth $40,000. State of Alaska Department of Revenue purchased a new stake in Community Trust Bancorp in the 3rd quarter worth $40,000. Quadrant Capital Group LLC bought a new stake in Community Trust Bancorp during the third quarter valued at about $86,000. Finally, Strs Ohio purchased a new position in shares of Community Trust Bancorp in the first quarter valued at about $86,000. 60.20% of the stock is currently owned by institutional investors.

About Community Trust Bancorp

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.