|Bid||27.00 x 1400|
|Ask||30.17 x 800|
|Day's Range||28.00 - 28.53|
|52 Week Range||26.45 - 47.54|
|Beta (5Y Monthly)||0.80|
|PE Ratio (TTM)||8.72|
|Forward Dividend & Yield||1.54 (5.46%)|
|Ex-Dividend Date||Sep 14, 2020|
|1y Target Est||N/A|
On July 28, 2020, the Board of Directors of Community Trust Bancorp, Inc. (NASDAQ: CTBI) declared a quarterly cash dividend of $0.385 per share beginning with the October 1, 2020 payment to shareholders of record on September 15, 2020. This represents an increase of 1.32% in the quarterly cash dividend. CTBI’s increase in the cash dividend is less than previous increases as the Company recognizes the uncertainty of operating with the impact of COVID-19 on its customers and the US economy. With this uncertainty, CTBI made a substantial allocation to its allowance for credit losses during the first quarter of 2020 resulting in lower than expected earnings; however, CTBI experienced record earnings during the second quarter 2020. We are pleased to currently operate with all of our capital measures greatly exceeding those required to be considered well-capitalized by regulators. At June 30, 2020, we had a common equity Tier 1 capital ratio of 17.21% compared to a required 6.5%, a Tier 1 capital ratio of 18.93% versus the required 8.0%, a total capital ratio of 20.18% versus the required 10.0%, a Tier l leverage ratio of 12.92% versus the required 5.0%, and a capital conservation buffer of 12.18%. "We are pleased to have the ability to increase the cash dividend to our shareholders for the 40th consecutive year," said Jean R. Hale, Chairman, President and CEO.
Community Trust Bancorp, Inc. (NASDAQ: CTBI):
Community Trust Bancorp, Inc. (NASDAQ: CTBI) is pleased to announce the election of Eugenia "Crit" Luallen and Franky Minnifield as directors, having been duly elected by shareholders at the Annual Meeting held on April 28, 2020. Ms. Luallen brings to the position a wealth of experience having a long career in state government. She served seven Kentucky Governors and was elected to statewide office twice. Ms. Luallen served in a variety of positions with responsibility for financial management and oversight including being elected twice as the state’s Auditor of Public Accounts serving in that position from 2003 to 2011. Additionally, she served seven years as the Secretary of the Governor’s Executive Cabinet and concurrently served for 13 months as State Budget Director. Most recently, she was appointed by newly elected Governor Andy Beshear in November 2019 to head the State Budget Transition Team as part of the gubernatorial transition. Ms. Luallen’s banking experience includes serving on the Board of Directors of Community Trust Bank, Inc., a subsidiary of Community Trust Bancorp, Inc., for six years. Ms. Luallen serves on the Board of Trustees of Centre College, is Vice-Chair of the Board of the James Graham Brown Foundation, and is involved in numerous other civic and charitable activities. Ms. Luallen will continue to serve on the Boards of Directors of Community Trust Bank, Inc. and Community Trust and Investment Company (CTBI’s trust subsidiary). Ms. Luallen resides in Frankfort, Kentucky with her husband, Lynn.