Community Trust Bancorp, Inc. (CTBI) to Release Quarterly Earnings on Tuesday
Community Trust Bancorp, Inc. (NASDAQ:CTBI) is scheduled to announce its earnings results before the market opens on Tuesday, October 17th. Analysts expect the company to announce earnings of $0.72 per share for the quarter.
Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.03). Community Trust Bancorp had a net margin of 23.68% and a return on equity of 9.29%. The company had revenue of $46.55 million for the quarter, compared to the consensus estimate of $46.70 million. On average, analysts expect Community Trust Bancorp to post $2.73 EPS for the current fiscal year and $2.93 EPS for the next fiscal year.
Shares of Community Trust Bancorp, Inc. (CTBI) opened at 47.00 on Friday. The firm’s 50-day moving average price is $44.24 and its 200 day moving average price is $43.71. Community Trust Bancorp, Inc. has a 12-month low of $35.85 and a 12-month high of $51.35. The company has a market cap of $828.37 million, a price-to-earnings ratio of 17.60 and a beta of 0.70.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 1st. Shareholders of record on Friday, September 15th were paid a dividend of $0.33 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.81%. This is a positive change from Community Trust Bancorp’s previous quarterly dividend of $0.32. Community Trust Bancorp’s dividend payout ratio (DPR) is presently 49.62%.
A number of equities analysts have weighed in on CTBI shares. Zacks Investment Research lowered Community Trust Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub lowered Community Trust Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $43.00.
ILLEGAL ACTIVITY WARNING: This report was first reported by Daily Political and is the property of of Daily Political. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & international copyright law. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/10/14/community-trust-bancorp-inc-ctbi-to-release-quarterly-earnings-on-tuesday.html.
About Community Trust Bancorp
Community Trust Bancorp, Inc is a bank holding company. The Company holds interests in a commercial bank, Community Trust Bank, Inc (the Bank), and a trust company, Community Trust and Investment Company. Through its subsidiaries, the Company engages in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes, and providing funds transfer services.
Receive News & Ratings for Community Trust Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Community Trust Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.