Community Trust Bancorp (CTBI) Scheduled to Post Quarterly Earnings on Wednesday

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) is scheduled to release its earnings data on Wednesday, April 17th.

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) last announced its earnings results on Wednesday, January 17th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.08 by ($0.04). The company had revenue of $57.00 million for the quarter, compared to the consensus estimate of $58.00 million. Community Trust Bancorp had a return on equity of 11.68% and a net margin of 23.91%. 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 Stock Performance

Community Trust Bancorp stock traded down $0.42 during trading hours on Tuesday, reaching $39.49. 30,004 shares of the company were exchanged, compared to its average volume of 48,110. Community Trust Bancorp has a 12 month low of $32.68 and a 12 month high of $45.74. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.10. The firm has a market cap of $711.61 million, a price-to-earnings ratio of 9.17 and a beta of 0.68. The stock has a 50-day moving average of $40.41 and a 200 day moving average of $40.20.

Community Trust Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 4.66%. This is a boost from Community Trust Bancorp's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, March 14th. Community Trust Bancorp's dividend payout ratio is currently 42.30%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Janney Montgomery Scott started coverage on Community Trust Bancorp in a research report on Wednesday, March 27th. They issued a "buy" rating and a $49.00 target price for the company. Piper Sandler initiated coverage on Community Trust Bancorp in a report on Friday, February 16th. They issued an "overweight" rating and a $47.00 price target on the stock.

Insider Activity at Community Trust Bancorp

In related news, Director Franky Minnifield bought 2,000 shares of Community Trust Bancorp stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $39.28 per share, for a total transaction of $78,560.00. Following the completion of the acquisition, the director now owns 14,401 shares in the company, valued at $565,671.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Franky Minnifield bought 2,000 shares of Community Trust Bancorp stock in a transaction on Friday, March 15th. The shares were purchased at an average price of $39.28 per share, for a total transaction of $78,560.00. Following the completion of the acquisition, the director now owns 14,401 shares in the company, valued at $565,671.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Mark A. Gooch bought 856 shares of Community Trust Bancorp stock in a transaction on Wednesday, January 24th. The shares were bought at an average price of $41.68 per share, for a total transaction of $35,678.08. Following the acquisition, the chief executive officer now 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. Insiders have bought a total of 5,117 shares of company stock worth $207,283 over the last 90 days. Insiders own 4.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of 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 worth $38,750,000 after purchasing an additional 14,095 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Community Trust Bancorp by 23.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,853 shares of the financial services provider's stock worth $608,000 after purchasing an additional 2,595 shares during the last quarter. Barclays PLC increased its holdings in shares of Community Trust Bancorp by 32.0% during the 4th quarter. Barclays PLC now owns 60,908 shares of the financial services provider's stock worth $2,672,000 after acquiring an additional 14,774 shares during the last quarter. Nuveen Asset Management LLC increased 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 acquiring an additional 455 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Community Trust Bancorp during the 4th quarter worth approximately $206,000. Institutional investors and hedge funds 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.