Community Trust Bancorp (CTBI) declares a dividend of $0.44

Community Trust Bancorp said on January 25, 2023 that its board of directors had declared a regular quarterly dividend of $0.44 per share ($1.76 annualized). Shareholders of record as of March 14, 2023 will receive payment on April 1, 2023. Previously, the company paid $0.44 per share.

At the current stock price of $41.73/share, the stock’s dividend yield is 4.22%. Looking back five years and taking a sample each week, the average dividend yield was 3.72%, the low 2.51% and the high 5.38%. The standard deviation of returns is 0.60 (n=236).

The current dividend yield is 0.83 standard deviation above the historical average.

Additionally, the company’s dividend payout ratio is 0.39. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.

The company’s 3-year dividend growth rate is 0.16%, demonstrating that it has increased its dividend over time.

Analyst price forecast suggests 29.55% upside

As of January 31, 2023, the one-year average price target for Community Trust Bancorp was $54.06. The predictions range from a low of $53.53 to a high of $55.65. The average price target represents a 29.55% increase from its last reported closing price of $41.73.

Projected annual revenue for Community Trust Bancorp is $244 million, an increase of 9.71%. Projected annual EPS is $4.71, an increase of 2.73%.

Fund Sentiment

There are 351 funds or institutions reporting positions in Community Trust Bancorp, which represents a decrease of 2 owner(s) or 0.57%.

Average portfolio weight of all funds dedicated to the United States: CTBI is 0.1150%, a decrease of 7.0699%. The total number of shares held by institutions has decreased by 0.04% over the past three months to 12,350,000 shares.

What do the big shareholders do?

Community Trust & Investment holds 1,927,651 shares representing 10.76% ownership of the company. In its previous filing, the company said it held 1,890,410 shares, representing a raise of 1.93%. The company decreases its portfolio allocation in CTBI by 42.11% in the last quarter.

Northern Trust holds 518,277 shares representing 2.89% ownership of the company. In its previous filing, the company said it held 507,272 shares, representing a raise 2.12%. The company decreases its portfolio allocation in CTBI of 63.76% in the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 437,507 shares representing 2.44% ownership of the company. In its previous filing, the company said it held 436,138 shares, representing a raise by 0.31%. The company increased its portfolio allocation in CTBI of 4.85% over the last quarter.

IWM – iShares Russell 2000 ETF holds 354,710 shares representing 1.98% ownership of the company. In its previous filing, the company said it held 373,992 shares, representing a decrease of 5.44%. The company increased its portfolio allocation in CTBI by 3.00% in the last quarter.

Ameriprise Financial holds 300,253 shares representing 1.68% ownership of the company. In its previous file, the company stated that it held 303,380 shares, representing a decrease of 1.04%. The company decreases its portfolio allocation in CTBI of 80.72% in the last quarter.

General information about Community Trust Bancorp
(This description is provided by the company.)

Community Trust Bancorp, Inc., with assets of $5.1 billion, is headquartered in Pikeville, Kentucky and has 70 banking locations in eastern, northeast, central and south-central Kentucky , six banking locations in southern West Virginia, three banking locations in northeast Tennessee. , four trust offices in Kentucky and one trust office in Tennessee.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.