NasdaqGS:CTBI

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Community Trust Bancorp

Executive Summary

Community Trust Bancorp, Inc. operates as the bank holding company for Community Trust Bank, Inc. More Details


Snowflake Analysis

Flawless balance sheet established dividend payer.


Similar Companies

Share Price & News

How has Community Trust Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CTBI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.8%

CTBI

-1.3%

US Banks

0.09%

US Market


1 Year Return

-32.8%

CTBI

-26.7%

US Banks

12.6%

US Market

Return vs Industry: CTBI underperformed the US Banks industry which returned -26.3% over the past year.

Return vs Market: CTBI underperformed the US Market which returned 13.6% over the past year.


Shareholder returns

CTBIIndustryMarket
7 Day-3.8%-1.3%0.09%
30 Day-7.7%0.3%-1.6%
90 Day-7.5%-3.5%7.9%
1 Year-29.7%-32.8%-24.0%-26.7%15.2%12.6%
3 Year-25.7%-33.3%-15.5%-22.4%38.9%29.6%
5 Year0.004%-15.8%21.0%6.1%87.6%66.5%

Price Volatility Vs. Market

How volatile is Community Trust Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Community Trust Bancorp undervalued compared to its fair value and its price relative to the market?

48.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CTBI ($29.49) is trading below our estimate of fair value ($56.71)

Significantly Below Fair Value: CTBI is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CTBI is good value based on its PE Ratio (9.1x) compared to the US Banks industry average (9.8x).

PE vs Market: CTBI is good value based on its PE Ratio (9.1x) compared to the US market (18.4x).


Price to Earnings Growth Ratio

PEG Ratio: CTBI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CTBI's PB Ratio (0.8x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is Community Trust Bancorp forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-12.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CTBI's earnings are forecast to decline over the next 3 years (-12.9% per year).

Earnings vs Market: CTBI's earnings are forecast to decline over the next 3 years (-12.9% per year).

High Growth Earnings: CTBI's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CTBI's revenue (2.6% per year) is forecast to grow slower than the US market (9.7% per year).

High Growth Revenue: CTBI's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if CTBI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Community Trust Bancorp performed over the past 5 years?

7.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CTBI has high quality earnings.

Growing Profit Margin: CTBI's current net profit margins (32.2%) are lower than last year (34.9%).


Past Earnings Growth Analysis

Earnings Trend: CTBI's earnings have grown by 7.6% per year over the past 5 years.

Accelerating Growth: CTBI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CTBI had negative earnings growth (-11.6%) over the past year, making it difficult to compare to the Banks industry average (-3.1%).


Return on Equity

High ROE: CTBI's Return on Equity (9.1%) is considered low.


Next Steps

Financial Health

How is Community Trust Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: CTBI's Assets to Equity ratio (7.9x) is low.

Allowance for Bad Loans: CTBI has a sufficient allowance for bad loans (129%).

Low Risk Liabilities: 90% of CTBI's liabilities are made up of primarily low risk sources of funding.

Loan Level: CTBI has an appropriate level of Loans to Assets ratio (70%).

Low Risk Deposits: CTBI's Loans to Deposits ratio (88%) is appropriate.

Level of Bad Loans: CTBI has an appropriate level of bad loans (1%).


Next Steps

Dividend

What is Community Trust Bancorp current dividend yield, its reliability and sustainability?

5.22%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CTBI's dividend (5.22%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: CTBI's dividend (5.22%) is in the top 25% of dividend payers in the US market (4.68%)


Stability and Growth of Payments

Stable Dividend: CTBI's dividends per share have been stable in the past 10 years.

Growing Dividend: CTBI's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (46.9%), CTBI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

18.0yrs

Average management tenure


CEO

Jean Hale (73 yo)

21.25yrs

Tenure

US$1,153,133

Compensation

Ms. Jean R. Hale has been Director of Community Trust Bancorp Inc. since 1993 and as its Chairman since 2004. She has been President and Chief Executive Officer of Community Trust Bancorp Inc. since 1999. ...


CEO Compensation Analysis

Compensation vs Market: Jean's total compensation ($USD1.15M) is below average for companies of similar size in the US market ($USD2.02M).

Compensation vs Earnings: Jean's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jean Hale
Chairman21.25yrsUS$1.15m1.34%
$ 7.0m
Kevin Stumbo
Executive VPno dataUS$441.31k0.13%
$ 678.7k
James Draughn
Executive Vice President19.67yrsUS$448.33k0.20%
$ 1.1m
Larry Jones
Executive Vice President18yrsUS$440.75k0.071%
$ 373.1k
Mark Gooch
Executive VP & Secretary15.42yrsUS$752.18k0.36%
$ 1.9m
James Gartner
Executive Vice President18.67yrsno data0.0097%
$ 51.1k
Richard Newsom
Executive Vice President18.67yrsno data0.18%
$ 971.0k
Ricky Sparkman
Executive Vice President18.67yrsno data0.16%
$ 814.8k
Steven Jameson
Executive Vice President16.67yrsno datano data
David Jones
Executive Vice President10.67yrsno data0.097%
$ 510.1k
Andy Waters
Executive Vice President9.67yrsno data0.036%
$ 187.3k
Charles Hancock
Executive Vice President6.42yrsno data0.040%
$ 212.0k

18.0yrs

Average Tenure

60.5yo

Average Age

Experienced Management: CTBI's management team is seasoned and experienced (18 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jean Hale
Chairman21.25yrsUS$1.15m1.34%
$ 7.0m
David Collins
Director of Community Trust Bankno datano datano data
E. Lowman
Director of Community Trust & Investment Companyno datano datano data
Charles Baird
Director33.67yrsUS$44.60k0.25%
$ 1.3m
M. Parrish
Lead Independent Directorno dataUS$52.20k0.98%
$ 5.1m
Nick Carter
Independent Director11.75yrsUS$53.00k0.017%
$ 88.5k
James McGhee
Independent Director15.5yrsUS$52.00k0.16%
$ 841.6k
Franky Minnifield
Independent Director0.42yrno data0.047%
$ 244.4k
Franklin Farris
Independent Director1.58yrsUS$45.82k0.0093%
$ 48.7k
Anthony St. Charles
Independent Director9.75yrsUS$46.50k0.048%
$ 254.5k
Chad Street
Director of Community Trust Bankno datano datano data
Eugenia Luallen
Independent Director0.42yrno datano data

10.8yrs

Average Tenure

69yo

Average Age

Experienced Board: CTBI's board of directors are seasoned and experienced ( 10.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CTBI insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Community Trust Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Community Trust Bancorp, Inc.
  • Ticker: CTBI
  • Exchange: NasdaqGS
  • Founded: 1903
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$524.981m
  • Shares outstanding: 17.80m
  • Website: https://www.ctbi.com

Number of Employees


Location

  • Community Trust Bancorp, Inc.
  • 346 North Mayo Trail
  • P.O. Box 2947
  • Pikeville
  • Kentucky
  • 41501
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CTBINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDDec 1987

Biography

Community Trust Bancorp, Inc. operates as the bank holding company for Community Trust Bank, Inc. that provides commercial and personal banking services to small and mid-sized communities. The company acce ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 06:25
End of Day Share Price2020/09/18 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.