Community Trust Bancorp, Inc. Announces Dividend of $0.38 (NASDAQ:CTBI)

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Community Trust Bancorp, Inc. (NASDAQ:CTBI) announced a dividend on Tuesday, October 22nd, Fidelity reports. Stockholders of record on Sunday, December 15th will be given a dividend of 0.38 per share by the financial services provider on Wednesday, January 1st. The ex-dividend date of this dividend is Thursday, December 12th.

Shares of NASDAQ:CTBI traded up $0.29 during trading on Tuesday, reaching $45.46. 20,583 shares of the company traded hands, compared to its average volume of 32,306. The firm has a market capitalization of $803.12 million, a price-to-earnings ratio of 13.57 and a beta of 0.67. Community Trust Bancorp has a 52-week low of $35.70 and a 52-week high of $45.41. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.10. The business’s fifty day moving average is $44.33 and its 200-day moving average is $41.93.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.02. The firm had revenue of $48.91 million during the quarter, compared to analyst estimates of $48.96 million. Community Trust Bancorp had a return on equity of 10.97% and a net margin of 27.46%. On average, sell-side analysts predict that Community Trust Bancorp will post 3.42 earnings per share for the current fiscal year.

In related news, EVP Charles Wayne Hancock II sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $44.28, for a total transaction of $442,800.00. 4.90% of the stock is owned by corporate insiders.

A number of analysts have recently weighed in on the company. ValuEngine raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised Community Trust Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, December 2nd. Finally, BidaskClub lowered Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th.

Community Trust Bancorp Company Profile

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, Keogh plans, and savings certificates, as well as checking and savings, regular, individual retirement, NOW, and money market accounts.

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Dividend History for Community Trust Bancorp (NASDAQ:CTBI)

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