Community Trust Bancorp, Inc. (NASDAQ:CTBI) Plans Quarterly Dividend of $0.47

Community Trust Bancorp, Inc. (NASDAQ:CTBI) declared a quarterly dividend on Tuesday, January 28th, Wall Street Journal reports. Investors of record on Saturday, March 15th will be given a dividend of 0.47 per share by the financial services provider on Tuesday, April 1st. This represents a $1.88 annualized dividend and a yield of 3.72%. The ex-dividend date is Friday, March 14th.

Community Trust Bancorp has increased its dividend payment by an average of 5.8% annually over the last three years and has raised its dividend annually for the last 44 consecutive years. Community Trust Bancorp has a payout ratio of 35.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Community Trust Bancorp to earn $5.35 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 35.1%.

Community Trust Bancorp Stock Performance

Community Trust Bancorp stock opened at $50.59 on Wednesday. The stock’s 50 day moving average price is $53.59 and its 200 day moving average price is $53.36. The firm has a market capitalization of $915.78 million, a PE ratio of 10.97 and a beta of 0.62. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.90. Community Trust Bancorp has a one year low of $38.53 and a one year high of $61.67.

Community Trust Bancorp (NASDAQ:CTBI) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.20 by $0.05. Community Trust Bancorp had a return on equity of 11.36% and a net margin of 22.02%. During the same quarter last year, the firm posted $1.04 EPS. As a group, sell-side analysts expect that Community Trust Bancorp will post 5.06 EPS for the current fiscal year.

Community Trust Bancorp Company Profile

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.