Community Trust Bancorp, Inc. Stock News

Small-cap stocks typically outperform when investors value large-caps more.

PIKEVILLE, Ky.--(BUSINESS WIRE)--On October 22, 2024, the Board of Directors of Community Trust Bancorp, Inc., (NASDAQ:CTBI) declared its cash dividend of $0.47 per share, which will be paid on January 2, 2025, to shareholders of record on December 15, 2024. Community Trust Bancorp, Inc., with assets of $6 billion, is headquartered in Pikeville, Kentucky and has 72 banking locations across east...

PIKEVILLE, Ky.--(BUSINESS WIRE)--Community Trust Bancorp, Inc. (NASDAQ-CTBI): Earnings Summary Earnings Summary           (in thousands except per share data) 3Q 2024 2Q 2024 3Q 2023 YTD 2024 YTD 2023 Net income $22,142 $19,499 $20,628 $60,320 $59,345 Earnings per share $1.23 $1.09 $1.15 $3.36 $3.32 Earnings per share - diluted $1.23 $1.09 $1.15 $3.36 $3.32             Return on average assets ...

Despite being constrained by a relatively low-growth geographic footprint, shares of Kentucky-based Community Trust Bancorp have nevertheless done relatively well. Long-term growth has been pedestrian, but this bank is a relatively efficient operator and profitability has been above-average historically. At around 11x current-year consensus EPS, these shares should just about be able to clear a...

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Community Trust Bancorp is a small institution with 80 locations in Kentucky, West Virginia, and Tennessee. Shares have performed more or less in line with the market, up 14.9% since the last article, compared to the S&P 500's 13.9% increase over the same timeframe. Recent results show steady growth in deposits and loans, but a decline in net interest income and profits, justifying a 'hold'.

We recommended Community Trust Bancorp, Inc. stock as a buy in October 2023 for income and rebound. Q2 earnings show loan growth, deposit strength, and margin expansion. Mixed asset quality metrics, but overall strong performance and efficiency ratios.