Community Trust Bancorp, Inc. (NASDAQ:CTBI)
A bank holding company, which through its subsidiaries is engaged in a range of commercial and personal banking and trust activities.
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Decent dividend peformance with solid underlying profitability
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Look at its chart vs S&P since January
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mortgage investment/regional banks
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32MM in profits for fiscal year 2007. Only down 4MM from 2006 due to reinvesting of funds. Very stable bank with excellent asset quality and good projections. 77 branches and still expanding. The opposite of most other banks right now... A bank that is actually making money in a world where financials are crumbling... imagine the potential when things are good!! (FULL DISCLOSURE: I work for this corporation and own shares of their stock)
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During the savings and loans crisis, many depositary institutions failed. The credit crisis is much bigger and WIlbur Ross thinks regional banks are in big trouble.
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Not a good season for banks.
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