NASDAQ:CTBI

Community Trust Bancorp (CTBI) Stock Forecast, Price & News

$33.85

-0.18 (-0.53%)

(As of 09/22/2023 ET)

Compare

Today's Range: $33.54
▼
$34.86
50-Day Range: $33.85
▼
$39.71
52-Week Range: $32.68
▼
$48.05

Volume: 52,191 shs
Average Volume: 51,919 shs
Market Capitalization: $608.96 million

P/E Ratio: 7.52
Dividend Yield: 5.44%
Price Target: N/A

Community Trust Bancorp MarketRank™ Forecast

Analyst Rating: N/A
Upside/Downside: N/A
Short Interest: Healthy
0.77% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.68
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
$151,752 Bought Last Quarter
Proj. Earnings Growth: -8.83%
From $4.19 to $3.82 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.90 out of 5 stars

Financial Services Sector

16th out of 61 stocks

Banks—Regional Industry

8th out of 34 stocks

N/A

Analyst's Opinion

Consensus Rating
There is not enough analysis data for Community Trust Bancorp.

3.0

Short Interest

Percentage of Shares Shorted
0.77% of the float of Community Trust Bancorp has been sold short.
Short Interest Ratio / Days to Cover
Community Trust Bancorp has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Community Trust Bancorp has recently increased by 3.85%, indicating that investor sentiment is decreasing.

5.0

Dividend Strength

Dividend Leadership
Community Trust Bancorp is a leading dividend payer. It pays a dividend yield of 5.41%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Community Trust Bancorp has been increasing its dividend for 43 years.
Dividend Coverage
The dividend payout ratio of Community Trust Bancorp is 40.89%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Community Trust Bancorp will have a dividend payout ratio of 48.17% next year. This indicates that Community Trust Bancorp will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CTBI.

3.2

News and Social Media Coverage

News Sentiment
Community Trust Bancorp has a news sentiment score of 1.68. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Community Trust Bancorp this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for CTBI on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Community Trust Bancorp to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Community Trust Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $151,752.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 4.10% of the stock of Community Trust Bancorp is held by insiders.
Percentage Held by Institutions
58.70% of the stock of Community Trust Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Community Trust Bancorp are expected to decrease by -8.83% in the coming year, from $4.19 to $3.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Community Trust Bancorp is 7.52, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.62.
Price to Earnings Ratio vs. Sector
The P/E ratio of Community Trust Bancorp is 7.52, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 238.99.
Price to Book Value per Share Ratio
Community Trust Bancorp has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Community Trust Bancorp (NASDAQ:CTBI) Stock

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. Its loan portfolio includes commercial, construction, mortgage, and personal loans; lease-financing, lines of credit, revolving lines of credit, and term loans, as well as other specialized loans, including asset-based financing; residential and commercial real estate loans; and consumer loans. The company also provides cash management, renting safe deposit boxes, and funds transfer services; issues letters of credit; and acts as a trustee of personal trusts, executor of estates, trustee for employee benefit trusts, and paying agent for bond and stock issues, as well as an investment agent and depositor for securities. In addition, it offers securities brokerage, and trust and wealth management services; debit cards; annuity and life insurance products; and repurchase agreements, as well as mobile, internet banking, and e-statement services. Community Trust Bancorp, Inc. was founded in 1903 and is headquartered in Pikeville, Kentucky.

CTBI Price History

30 days | 90 days | 365 days | Advanced Chart

CTBI Stock News Headlines

September 16, 2023 | msn.com

The Sussex Community Trust: all the key numbers for the NHS Trust in July

September 7, 2023 | bizjournals.com

Cost of deposits keeps soaring at NC community banks – what that means for loans

September 24, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.

September 4, 2023 | seekingalpha.com

Community Trust Bancorp: Not Capitalizing On The Rising Rates

September 2, 2023 | msn.com

Accrington Stanley Community Trust sponsor makes generous donation

August 31, 2023 | msn.com

Community Trust Bancorp: 43 Straight Years Of Dividend Growth

August 18, 2023 | uk.sports.yahoo.com

Sussex Community Trust cares for three patients with Covid-19 in hospital

August 13, 2023 | finance.yahoo.com

Community Trust Bancorp (NASDAQ:CTBI) Will Pay A Larger Dividend Than Last Year At $0.46

September 24, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

July 30, 2023 | finance.yahoo.com

Community Trust Bancorp (NASDAQ:CTBI) Is Increasing Its Dividend To $0.46

July 19, 2023 | seekingalpha.com

Community Trust Bancorp GAAP EPS of $1.08, revenue of $57.84M

July 19, 2023 | finance.yahoo.com

Community Trust Bancorp (CTBI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

July 6, 2023 | msn.com

Creative Media & Community Trust (CMCT) Price Target Increased by 9.62% to 9.69

July 6, 2023 | finance.yahoo.com

Investors in Community Trust Bancorp (NASDAQ:CTBI) have unfortunately lost 14% over the last five years

June 29, 2023 | finance.yahoo.com

Should You Watch Community Trust (CTBI) for Solid Dividend?

June 13, 2023 | forbes.com

Trust: The Key Ingredient For Marketplace Success In Banking

May 2, 2023 | finance.yahoo.com

Creative Media & Community Trust (CMCT) Reports Q1 Loss, Tops Revenue Estimates

April 28, 2023 | msn.com

Community Trust Bancorp (CTBI) Declares $0.44 Dividend

April 28, 2023 | finance.yahoo.com

M. Parrish Is The Independent Chairman & Lead Director of Community Trust Bancorp, Inc. (NASDAQ:CTBI) And They Just Picked Up 2.7% More Shares

April 28, 2023 | finance.yahoo.com

Quite a few insiders invested in Community Trust Bancorp, Inc. (NASDAQ:CTBI) last year which is positive news for shareholders

April 19, 2023 | finance.yahoo.com

Community Trust Bancorp, Inc. Reports Earnings for the 1st Quarter 2023

April 19, 2023 | finance.yahoo.com

Community Trust Bancorp (CTBI) Lags Q1 Earnings Estimates

April 12, 2023 | msn.com

One in 10 patients with a disability unhappy with care at Hertfordshire Community Trust

April 12, 2023 | finance.yahoo.com

Community Trust Bancorp (CTBI) to Report Q1 Results: Wall Street Expects Earnings Growth

April 7, 2023 | msn.com

Dumfries man climbs Criffel every day for a week to raise money for Queen of the South FC Community Trust

April 6, 2023 | msn.com

Accrington Stanley Community Trust classroom confirms sponsor for third year

March 18, 2023 | seekingalpha.com

Community Trust Bancorp: Upgrading To Buy, But Earnings Likely To Be Flattish

See More Headlines

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CTBI Company Calendar

Ex-Dividend for 7/3 Dividend: 6/14/2023
Dividend Payable: 7/03/2023
Last Earnings: 7/19/2023
Ex-Dividend for 10/2 Dividend: 9/14/2023
Today: 9/23/2023
Dividend Payable: 10/02/2023
Next Earnings (Estimated): 10/18/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Banks—Regional
Sub-Industry: Regional Banks
Sector: Financial Services
Current Symbol: NASDAQ:CTBI
CUSIP: 20414910
CIK: 350852
Web: www.ctbi.com
Phone: (606) 432-1414
Fax: 606-437-3366
Employees: 975
Year Founded: 1903

Profitability

EPS (Most Recent Fiscal Year): $4.50
Trailing P/E Ratio: 7.52
Forward P/E Ratio: 8.08
P/E Growth: N/A
Net Income: $81.81 million
Net Margins: 27.62%
Pretax Margin: 34.45%
Return on Equity: 12.65%
Return on Assets: 1.47%

Debt

Debt-to-Equity Ratio: 0.10
Current Ratio: 0.84
Quick Ratio: 0.84

Sales & Book Value

Annual Sales: $255.66 million
Price / Sales: 2.38
Cash Flow: $5.14 per share
Price / Cash Flow: 6.59
Book Value: $35.05 per share
Price / Book: 0.97

Miscellaneous

Outstanding Shares: 17,990,000
Free Float: 17,253,000
Market Cap: $608.96 million
Optionable: Optionable
Beta: 0.72

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Key Executives

Mr. Mark A. Gooch CTB (Age 64)
CEO, Vice Chairman & Pres
Comp: $1.49M

Mr. Kevin J. Stumbo CPA (Age 63)
Exec. VP, CFO & Treasurer
Comp: $663.67k

Mr. James B. Draughn (Age 63)
Exec. VP
Comp: $651.08k

Mr. Richard W. Newsom (Age 68)
Exec. VP
Comp: $666.4k

Mr. Ricky D. Sparkman (Age 60)
Exec. VP
Comp: $593.55k

Mr. Charles Wayne Hancock II (Age 48)
Sec., Exec. VP & Corp. Counsel

Mr. James J. Gartner (Age 81)
Exec. VP

Mr. Steven E. Jameson (Age 66)
Exec. VP and Chief Internal Audit & Risk Officer

Mr. David Andrew Jones (Age 60)
Exec. VP

Mr. Andy D. Waters (Age 57)
Exec. VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CTBI Stock - Frequently Asked Questions

How have CTBI shares performed in 2023?: Community Trust Bancorp's stock was trading at $45.93 on January 1st, 2023. Since then, CTBI stock has decreased by 26.3% and is now trading at $33.85.
View the best growth stocks for 2023 here.
When is Community Trust Bancorp's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our CTBI earnings forecast.
How were Community Trust Bancorp's earnings last quarter?: Community Trust Bancorp, Inc. (NASDAQ:CTBI) released its quarterly earnings results on Wednesday, July, 19th. The financial services provider reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.02. The financial services provider earned $79.58 million during the quarter, compared to the consensus estimate of $58.10 million. Community Trust Bancorp had a net margin of 27.62% and a trailing twelve-month return on equity of 12.65%.
How often does Community Trust Bancorp pay dividends? What is the dividend yield for Community Trust Bancorp?: Community Trust Bancorp announced a quarterly dividend on Wednesday, July 26th. Investors of record on Friday, September 15th will be given a dividend of $0.46 per share on Monday, October 2nd. This represents a $1.84 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date is Thursday, September 14th. This is a boost from the stock's previous quarterly dividend of $0.44.
Read our dividend analysis for CTBI.
What ETF holds Community Trust Bancorp's stock ?: SPDR SSGA US Small Cap Low Volatility Index ETF holds 20,064 shares of CTBI stock, representing 0.39% of its portfolio.
Is Community Trust Bancorp a good dividend stock?: Community Trust Bancorp (NASDAQ:CTBI) pays an annual dividend of $1.84 per share and currently has a dividend yield of 5.41%. CTBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 43 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 40.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CTBI will have a dividend payout ratio of 48.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CTBI.
What is Jean R. Hale's approval rating as Community Trust Bancorp's CEO?: 14 employees have rated Community Trust Bancorp Chief Executive Officer Jean R. Hale on Glassdoor.com. Jean R. Hale has an approval rating of 87% among the company's employees. 53.0% of employees surveyed would recommend working at Community Trust Bancorp to a friend.

What other stocks do shareholders of Community Trust Bancorp own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Community Trust Bancorp investors own include Exxon Mobil (XOM), AT&T (T), Mercury General (MCY), AbbVie (ABBV), Franklin Resources (BEN), Cisco Systems (CSCO), Consolidated Edison (ED), Helmerich & Payne (HP), Johnson & Johnson (JNJ) and Coca-Cola (KO).
What is Community Trust Bancorp's stock symbol?: Community Trust Bancorp trades on the NASDAQ under the ticker symbol "CTBI."
Who are Community Trust Bancorp's major shareholders?: Community Trust Bancorp's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Community Trust & Investment Co. (11.30%), BlackRock Inc. (8.12%), Dimensional Fund Advisors LP (6.33%), State Street Corp (2.90%), Northern Trust Corp (2.65%) and Geode Capital Management LLC (1.74%). Insiders that own company stock include Andy D Waters, Charles Anthony W St, Charles J Baird, Charles J Baird, David Andrew Jones, Franklin H Farris Jr, Franky Minnifield, James B Draughn, James J Gartner, Kevin J Stumbo, M Lynn Parrish, Mark A Gooch, Richard W Newsom and Ricky D Sparkman.
View institutional ownership trends.
How do I buy shares of Community Trust Bancorp?: Shares of CTBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Community Trust Bancorp's stock price today?: One share of CTBI stock can currently be purchased for approximately $33.85.
How much money does Community Trust Bancorp make?: Community Trust Bancorp (NASDAQ:CTBI) has a market capitalization of $608.96 million and generates $255.66 million in revenue each year. The financial services provider earns $81.81 million in net income (profit) each year or $4.50 on an earnings per share basis.
How many employees does Community Trust Bancorp have?: The company employs 975 workers across the globe.
How can I contact Community Trust Bancorp?: Community Trust Bancorp's mailing address is 346 NORTH MAYO TRAIL, PIKEVILLE KY, 41501. The official website for the company is www.ctbi.com. The financial services provider can be reached via phone at (606) 432-1414, via email at haleje@ctbi.com, or via fax at 606-437-3366.

This page (NASDAQ:CTBI) was last updated on 9/24/2023 by MarketBeat.com Staff

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