Community Trust Bancorp
Market Cap
US$758.1m
Last Updated
2019/10/20 23:34 UTC
Data Sources
Company Financials +
Executive Summary
Community Trust Bancorp, Inc. operates as the bank holding company for Community Trust Bank, Inc.
Snowflake
Fundamentals
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
Market Performance
7 Day Return
1.8%
CTBI
2.7%
US Banks
0.5%
US Market
1 Year Return
-6.1%
CTBI
2.9%
US Banks
6.8%
US Market
Return vs Industry: CTBI underperformed the US Banks industry which returned 2.9% over the past year.
Return vs Market: CTBI underperformed the US Market which returned 6.8% over the past year.
Shareholder returns
| CTBI | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.8% | 2.7% | 0.5% |
| 30 Day | -2.8% | 1.1% | -0.8% |
| 90 Day | 4.0% | 2.7% | -0.9% |
| 1 Year | -2.7%-6.1% | 5.8%2.9% | 9.2%6.8% |
| 3 Year | 27.0%15.8% | 52.0%41.5% | 45.6%36.2% |
| 5 Year | 48.5%26.2% | 69.2%50.7% | 63.2%45.4% |
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
2 days ago | Simply Wall St
Community Trust Bancorp, Inc. Just Released Its Third-Quarter Earnings: Here's What Analysts Think1 week ago | Simply Wall St
Should You Worry About Community Trust Bancorp, Inc.'s (NASDAQ:CTBI) CEO Salary Level?3 weeks ago | Simply Wall St
Why Dividend Hunters Love Community Trust Bancorp, Inc. (NASDAQ:CTBI)Valuation
Is Community Trust Bancorp undervalued compared to its fair value and its price relative to the market?
20.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: CTBI ($42.65) is trading below our estimate of fair value ($53.78)
Significantly Below Fair Value: CTBI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CTBI is good value based on its PE Ratio (11.8x) compared to the Banks industry average (12.5x).
PE vs Market: CTBI is good value based on its PE Ratio (11.8x) compared to the US market (17.7x).
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 is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).
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?
-4.3%
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 (-4.3% per year).
Earnings vs Market: CTBI's earnings are forecast to decline over the next 3 years (-4.3% per year).
High Growth Earnings: CTBI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: CTBI's revenue (3.4% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: CTBI's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: CTBI's Return on Equity is forecast to be low in 3 years time (9%).
Next Steps
Past Performance
How has Community Trust Bancorp performed over the past 5 years?
8.4%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CTBI's earnings have grown by 8.4% per year over the past 5 years.
Accelerating Growth: CTBI's earnings growth over the past year (9.9%) exceeds its 5-year average (8.4% per year).
Earnings vs Industry: CTBI earnings growth over the past year (9.9%) underperformed the Banks industry 29.7%.
Return on Equity
High ROE: CTBI's Return on Equity (10.6%) is considered low.
Return on Assets
ROA vs Industry: CTBI has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate CTBI's Return on Capital Employed to determine if it has improved over the past 3 years.
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
Inventory Level: CTBI has a low level of unsold assets or inventory.
Debt Coverage by Assets: CTBI's debt is not covered by short term assets (assets are 0.3x debt).
Financial Institutions Analysis
Asset Level: CTBI's level of assets compared to its equity is low.
Allowance for Bad Loans: CTBI has a sufficient allowance for bad loans.
Low Risk Liabilities: CTBI's liabilities are made up of primarily low risk sources of funding.
Loan Level: CTBI has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CTBI's loans are broadly funded by customer deposits.
Level of Bad Loans: CTBI has an appropriate level of bad loans (0.98%)
Next Steps
Dividend
What is Community Trust Bancorp's current dividend yield, its reliability and sustainability?
3.56%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: CTBI's dividend (3.56%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: CTBI's dividend (3.56%) is low compared to the top 25% of dividend payers in the US market (3.73%).
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 (40.3%), CTBI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: CTBI's dividends in 3 years are forecast to be well covered by earnings (48.3% payout ratio).
Next Steps
Management
What is the CEO of Community Trust Bancorp's salary, the management and board of directors tenure and is there insider trading?
17.8yrs
Average management tenure
CEO
Jean Hale (72yo)
20.3yrs
Tenure
US$1,208,129
Compensation
Ms. Jean R. Hale has been appointed Director of Community Trust Bancorp Inc. since 1993 and Chairman since 2004. Ms. Hale has been employed by Community Trust Bancorp Inc. since 1969 and held various posit ...
CEO Compensation Analysis
Compensation vs. Market: Jean's total compensation ($USD1.21M) is about average for companies of similar size in the US market ($USD2.70M).
Compensation vs Earnings: Jean's compensation has been consistent with company performance over the past year.
Management Age and Tenure
17.8yrs
Average Tenure
61yo
Average Age
Experienced Management: CTBI's management team is seasoned and experienced (17.8 years average tenure).
Board Age and Tenure
14.7yrs
Average Tenure
69yo
Average Age
Experienced Board: CTBI's board of directors are seasoned and experienced ( 14.7 years average tenure).
Insider Trading
Insider Buying: CTBI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Unit Board Member Director of Community Trust Bank |
| Shares | 1,000 |
| Max Price | US$39.33 |
| Entity | Individual |
| Role | Unit Board Member Executive Vice President |
| Shares | 274 |
| Max Price | US$42.08 |
| Entity | Individual |
| Role | Unit Board Member Director of Community Trust Bank |
| Shares | 1,600 |
| Max Price | US$42.38 |
Ownership Breakdown
Management Team
Jean Hale (72yo)
Chairman
- Tenure: 20.3yrs
- Compensation: US$1.21m
Mark Gooch (60yo)
Executive VP & Secretary
- Tenure: 0yrs
- Compensation: US$781.18k
Jim Gartner (77yo)
Executive Vice President
- Tenure: 17.8yrs
Jim Draughn (59yo)
Executive Vice President
- Tenure: 18.8yrs
- Compensation: US$449.02k
Larry Jones (72yo)
Executive Vice President
- Tenure: 17.1yrs
- Compensation: US$448.37k
Richard Newsom (64yo)
Executive Vice President
- Tenure: 17.8yrs
Ricky Sparkman (56yo)
Executive Vice President
- Tenure: 17.8yrs
Kevin Stumbo (59yo)
Executive VP
- Tenure: 0yrs
- Compensation: US$441.56k
Steve Jameson (62yo)
Executive Vice President
- Tenure: 15.8yrs
David Jones (56yo)
Executive Vice President
- Tenure: 9.8yrs
Board Members
Jean Hale (72yo)
Chairman
- Tenure: 20.3yrs
- Compensation: US$1.21m
Mark Gooch (60yo)
Executive VP & Secretary
- Tenure: 0yrs
- Compensation: US$781.18k
Charles Baird (69yo)
Director
- Tenure: 32.8yrs
- Compensation: US$36.30k
M. Parrish (69yo)
Lead Independent Director
- Tenure: 0yrs
- Compensation: US$39.40k
Nick Carter (73yo)
Independent Director
- Tenure: 10.8yrs
- Compensation: US$45.60k
James McGhee (61yo)
Independent Director
- Tenure: 14.6yrs
- Compensation: US$43.80k
Andy Waters (53yo)
Executive Vice President
- Tenure: 0yrs
Franky Minnifield
Director of Community Trust Bank
- Tenure: 0yrs
David Collins
Director of Community Trust Bank
- Tenure: 0yrs
E. Lowman
Director of Community Trust & Investment Company
- Tenure: 0yrs
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$758.112m
- Shares outstanding: 17.78m
- Website: https://www.ctbi.com
Number of Employees
Location
- Community Trust Bancorp, Inc.
- 346 North Mayo Trail
- Pikeville
- Kentucky
- 41501
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CTBI | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Dec 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/20 23:34 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.