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...
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.
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