Community Trust Bancorp Inc (NASDAQ: CTBI) has reported earnings for its second fiscal quarter (ending June 30) of $1.09 versus $1.09 for the same period a year ago — flat performance. This performance was $0.05 better than the consensus estimate of $1.04. E.P.S. were $4.32 for the latest four quarters through June 30 versus $4.52 for the same period a year ago — a decline of -4%.
Recent Price Action
On 7/17/24, Community Trust Bancorp Inc (NASDAQ: CTBI) stock enjoyed a large increase of 3.3%, closing at $49.91. Moreover, exceptionally high trading volume at 213% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 19.0% during the last week.
Current PriceTarget Research Rating
CTBI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Community Trust Bancorp has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Community Trust Bancorp has a neutral Power Rating of 56 and a slightly positive Appreciation Score of 67, and the Positive Value Trend Rating results.
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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