Analysts expect that Community Trust Bancorp, Inc. (NASDAQ:CTBI – Get Rating) will announce $1.10 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Community Trust Bancorp’s earnings. The lowest EPS estimate is $1.08 and the highest is $1.12. Community Trust Bancorp posted earnings per share of $1.34 in the same quarter last year, which indicates a negative year-over-year growth rate of 17.9%. The company is scheduled to announce its next quarterly earnings report 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 financial year, with EPS estimates ranging from $4.29 to $4.49. For the next financial year, analysts expect that the firm will report earnings of $4.23 per share, with EPS estimates ranging from $4.03 to $4.43. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Community Trust Bancorp.
Community Trust Bancorp (NASDAQ:CTBI – Get Rating) last issued its earnings results on Wednesday, April 20th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.15. Community Trust Bancorp had a return on equity of 12.33% and a net margin of 35.41%.
Shares of NASDAQ:CTBI traded down $0.54 during trading on Friday, reaching $40.26. 53,198 shares of the company’s stock traded hands, compared to its average volume of 43,673. The company has a quick ratio of 0.80, a current ratio of 0.78 and a debt-to-equity ratio of 0.09. The firm has a market cap of $720.65 million, a PE ratio of 8.53 and a beta of 0.76. Community Trust Bancorp has a fifty-two week low of $38.20 and a fifty-two week high of $46.30. The company has a 50-day simple moving average of $41.07 and a 200-day simple moving average of $42.90.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Investors of record on Wednesday, June 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Tuesday, June 14th. Community Trust Bancorp’s payout ratio is 33.90%.
A number of hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in Community Trust Bancorp by 44.4% during the 2nd 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. Calton & Associates Inc. boosted its holdings in shares of Community Trust Bancorp by 10.1% in the 1st quarter. Calton & Associates Inc. now owns 5,438 shares of the financial services provider’s stock valued at $224,000 after buying an additional 500 shares during the period. Advisor Group Holdings Inc. boosted its holdings in shares of Community Trust Bancorp by 7.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 7,329 shares of the financial services provider’s stock valued at $319,000 after buying an additional 510 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Community Trust Bancorp by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 119,695 shares of the financial services provider’s stock valued at $4,932,000 after buying an additional 514 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of Community Trust Bancorp by 2.6% in the 4th quarter. California State Teachers Retirement System now owns 22,086 shares of the financial services provider’s stock valued at $963,000 after buying an additional 558 shares during the period. 57.96% of the stock is owned by institutional investors.
About Community Trust Bancorp (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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