NasdaqGS:CTBI

Stock Analysis Report

Community Trust Bancorp

Executive Summary

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

Snowflake

Fundamentals

Flawless balance sheet average 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

3.5%

NasdaqGS:CTBI

1.4%

US Banks

0.8%

US Market


1 Year Return

-8.4%

NasdaqGS:CTBI

-4.5%

US Banks

1.9%

US Market

CTBI underperformed the Banks industry which returned -3.7% over the past year.

CTBI underperformed the Market in United States of America which returned 2.1% over the past year.


Share holder returns

CTBIIndustryMarket
7 Day3.5%1.4%0.8%
30 Day5.0%8.9%3.4%
90 Day5.3%5.2%2.1%
1 Year-5.2%-8.4%-1.7%-4.5%4.2%1.9%
3 Year27.4%16.2%54.7%44.0%46.7%37.2%
5 Year46.9%24.8%63.7%45.8%62.3%44.5%

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 based on future cash flows and its price relative to the stock market?

10%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Community Trust Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Community Trust Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Community Trust Bancorp is good value based on earnings compared to the US Banks industry average.

Community Trust Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Community Trust Bancorp earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Community Trust Bancorp is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

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

-8.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Community Trust Bancorp's revenue is expected to grow by 4% yearly, however this is not considered high growth (20% yearly).

Community Trust Bancorp's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Community Trust Bancorp's revenue growth is positive but not above the United States of America market average.

Community Trust Bancorp's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Community Trust Bancorp's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Community Trust Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

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

7.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Community Trust Bancorp's year on year earnings growth rate has been positive over the past 5 years.

Community Trust Bancorp's 1-year earnings growth exceeds its 5-year average (16% vs 7.8%)

Community Trust Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (16% vs 31.7%).


Return on Equity

Community Trust Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Community Trust Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Community Trust Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


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

Information is not available.

Information is not available.


Financial Institutions Analysis

Community Trust Bancorp has an acceptable proportion of non-loan assets held.

Community Trust Bancorp has a sufficient allowance for bad loans.

Community Trust Bancorp's liabilities are made up of primarily low risk sources of funding.

Community Trust Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Community Trust Bancorp are broadly funded by customer deposits.

Community Trust Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

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

3.54%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Community Trust Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).

Community Trust Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.67%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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?

17.7yrs

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

Jean's remuneration is lower than average for companies of similar size in United States of America.

Jean's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

17.7yrs

Average Tenure

61yo

Average Age

The average tenure for the Community Trust Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

14.6yrs

Average Tenure

69yo

Average Age

The average tenure for the Community Trust Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

More shares have been bought than sold by Community Trust Bancorp individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$39,33015 Aug 19
Franky Minnifield
EntityIndividual
Role
Unit Board Member
Director of Community Trust Bank
Shares1,000
Max PriceUS$39.33
SellUS$11,53130 Jul 19
Andy Waters
EntityIndividual
Role
Unit Board Member
Executive Vice President
Shares274
Max PriceUS$42.08
BuyUS$66,78613 Dec 18
Franky Minnifield
EntityIndividual
Role
Unit Board Member
Director of Community Trust Bank
Shares1,600
Max PriceUS$42.38
BuyUS$101,56318 Oct 18
Franky Minnifield
EntityIndividual
Role
Unit Board Member
Director of Community Trust Bank
Shares2,275
Max PriceUS$44.64

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: 17.7yrs
  • Jim Draughn (59yo)

    Executive Vice President

    • Tenure: 18.7yrs
    • Compensation: US$449.02k
  • Larry Jones (72yo)

    Executive Vice President

    • Tenure: 17yrs
    • Compensation: US$448.37k
  • Richard Newsom (64yo)

    Executive Vice President

    • Tenure: 17.7yrs
  • Ricky Sparkman (56yo)

    Executive Vice President

    • Tenure: 17.7yrs
  • Kevin Stumbo (59yo)

    Executive VP

    • Tenure: 0yrs
    • Compensation: US$441.56k
  • Steve Jameson (62yo)

    Executive Vice President

    • Tenure: 15.7yrs
  • David Jones (56yo)

    Executive Vice President

    • Tenure: 9.7yrs

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: 32.7yrs
    • Compensation: US$36.30k
  • M. Parrish (69yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$39.40k
  • Nick Carter (73yo)

    Director

    • Tenure: 10.8yrs
    • Compensation: US$45.60k
  • James McGhee (61yo)

    Director

    • Tenure: 14.5yrs
    • 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$755.979m
  • 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

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 Analysis2019/09/17 23:40
End of Day Share Price2019/09/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.