5 Buy-Rated Bank Stocks With Safe and Solid Dividends (Update 1)
5. Community Trust Bancorp
Shares of Community Trust Bancorp (CTBI) of Pikeville, Ky., closed at $32.68 Monday returning 12% year-to-date, following a 6% return during 2011. Based on a quarterly payout of 32 cents, the shares have a dividend yield of 3.79%.
The shares trade for 1.7 times tangible book value, according to Thomson Reuters Bank Insight, and for 12 times the consensus 2013 earnings estimate of $2.80 a share, among analysts polled by Thomson Reuters. The consensus 2012 EPS estimate is $2.74.
Community Trust Bancorp had $3.7 billion in total assets as of March 31, and earned $11.9 million during the first quarter, or 77 cents a share, increasing from $9.9 million, or 64 cents a share during the fourth quarter, and $9.3 million, or 61 cents a share, during the first quarter of 2011. The company's first-quarter return on average assets (ROA) was 1.32%, compared to 1.09% the previous quarter, and 1.11% a year earlier. The first-quarter dividend payout ratio was 42%. Hilliard Lyons analyst Ross Demmerle has a neutral rating on Community Trust Bancorp, saying on April 20 that the stock (priced at $32.08 on April 19) "has historically traded at a slight discount to its peers' price to tangible book valuation while today it is trading at a premium to the group," which may not be justified, since "the stock market has been clamoring for loan growth at financial institutions by sending their stock prices higher and that does not appear to be happening here right now." Demmerle estimates the company will earn $2.84 a share this year, followed by 2013 EPS of $2.90. Interested in more on Community Trust Bancorp? See TheStreet Ratings' report card for this stock.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
