Community Trust Bancorp Inc (NASDAQ: CTBI) has reported earnings for its fourth fiscal quarter (ending December 31) of $1.04 versus $1.26 for the same period a year ago — a decline of -17%. This result fell short of the consensus estimate of $1.08 by $-0.04. For the latest four quarters through December 31, E.P.S. were $4.36 versus $4.59 for the same period a year ago — a decline of -5%.
Recent Price Action
Community Trust Bancorp Inc (NASDAQ: CTBI) stock declined modestly by -1.5% on 1/17/24. The stock closed at $39.67. However, below average trading volume at 82% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months but has declined -6.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CTBI is expected to continue to be a Value Builder.
Community Trust Bancorp has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Community Trust Bancorp has a neutral Appreciation Score of 52 but a very high Power Rating of 87, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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