Recent exceptional positive changes in fundamentals have benefitted Community Trust Bancorp Inc (NASDAQ: CTBI): the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, the consensus estimate for December, 2025 increased significantly, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Community Trust Bancorp has a slightly positive Appreciation Score of 66 and a good Power Rating of 71, resulting in the Positive Value Trend Rating.
Recent Price Action
On 8/9/24, Community Trust Bancorp Inc (NASDAQ: CTBI) stock declined modestly by -1.2%, closing at $45.51. However, this decline was accompanied by unusually low trading volume at 65% of normal. Relative to the market the stock has been strong over the last nine months but has declined -7.4% during the last week.
Be the first to comment