Community Trust Bancorp (NASDAQ:CTBI) Posts Earnings Results, Beats Estimates By $0.10 EPS

Community Trust Bancorp (NASDAQ:CTBI - Get Free Report) posted its earnings results on Wednesday. The financial services provider reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.10, FiscalAI reports. Community Trust Bancorp had a net margin of 23.24% and a return on equity of 11.73%. The company had revenue of $74.72 million for the quarter, compared to analyst estimates of $73.15 million.Community Trust Bancorp Stock PerformanceBank Stocks Are on Fire; Here’s Where the Action Is Smoking HotShares of NASDAQ:CTBI opened at $58.98 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.08. Community Trust Bancorp has a 12-month low of $44.60 and a 12-month high of $61.55. The company's 50 day moving average price is $57.29 and its two-hundred day moving average price is $55.98. The firm has a market cap of $1.07 billion, a PE ratio of 11.41 and a beta of 0.58. Community Trust Bancorp Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 15th were given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, December 15th. Community Trust Bancorp's dividend payout ratio is presently 41.01%. Hedge Funds Weigh In On Community Trust Bancorp3 Cheap Small-Cap Banks for Dividend Growth InvestorsSeveral hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new stake in shares of Community Trust Bancorp during the 1st quarter worth $86,000. Quadrant Capital Group LLC acquired a new stake in Community Trust Bancorp during the third quarter worth about $86,000. Russell Investments Group Ltd. increased its holdings in Community Trust Bancorp by 478.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,650 shares of the financial services provider's stock valued at $92,000 after buying an additional 1,365 shares during the period. Virtus Advisers LLC acquired a new position in shares of Community Trust Bancorp in the 3rd quarter valued at approximately $142,000. Finally, Quantbot Technologies LP acquired a new position in shares of Community Trust Bancorp in the 2nd quarter valued at approximately $148,000. 60.20% of the stock is owned by institutional investors and hedge funds. Wall Street Analysts Forecast GrowthA number of research firms have issued reports on CTBI. Raymond James Financial set a $61.00 target price on Community Trust Bancorp in a report on Wednesday, October 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Community Trust Bancorp in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $63.50.Check Out Our Latest Stock Analysis on Community Trust BancorpCommunity Trust Bancorp Company Profile (Get Free Report)Community Trust Bancorp, Inc is a bank holding company headquartered in Pikeville, Kentucky. As the parent of Community Trust Bank, the company provides a comprehensive range of banking services to individuals, families and businesses throughout eastern Kentucky, southern West Virginia and northeast Tennessee. With origins dating back to the early 20th century, the organization has built a reputation for supporting community development and regional economic growth across the Appalachian region. The company's personal banking offerings include checking and savings accounts, consumer installment loans, home equity and mortgage lending, as well as online and mobile banking platforms.Further ReadingFive stocks we like better than Community Trust BancorpElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthDo not delete, read immediatelyA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest YetThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. 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