For its third fiscal quarter (ending September 30), Community Trust Bancorp Inc (NASDAQ: CTBI) has reported a 7% increase in E.P.S. from $1.15 a year ago to $1.23 in the current quarter. This performance was $0.09 better than the consensus estimate of $1.14. For the latest four quarters through September 30, E.P.S. were $4.40 compared to $4.58 a year ago — a decline of -4%.
Recent Price Action
On 10/16/24, Community Trust Bancorp Inc (NASDAQ: CTBI) stock enjoyed a large increase of 3.2%, closing at $52.38. Moreover, trading volume in this advance was unusually high at 156% of normal. Relative to the market the stock has been strong over the last nine months and has risen 9.2% 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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Community Trust Bancorp has a slightly positive Appreciation Score of 66 and a good Power Rating of 80, producing the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information and positive market action we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Be the first to comment