Community Trust Bancorp Upgraded by Zacks to Outperform (CTBI)
Community Trust Bancorp (NASDAQ:CTBI) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday, American Banking and Market News reports. The firm currently has a $44.50 price target on the stock. Zacks‘ price objective would suggest a potential upside of 8.94% from the stock’s previous close.
Shares of Community Trust Bancorp (NASDAQ:CTBI) traded up 0.64% on Tuesday, hitting $40.85. 22,582 shares of the company’s stock traded hands. Community Trust Bancorp has a 52 week low of $29.60 and a 52 week high of $41.54. The stock’s 50-day moving average is $39.03 and its 200-day moving average is $36.7. The company has a market cap of $635.8 million and a P/E ratio of 14.24.
A number of other firms have also recently commented on CTBI. Analysts at Thomson Reuters/Verus downgraded shares of Community Trust Bancorp (NASDAQ:CTBI) from a “buy” rating to a “hold” rating in a research note to investors on Monday, July 22nd. Separately, analysts at Sandler O’Neill raised their price target on shares of Community Trust Bancorp (NASDAQ:CTBI) from $36.00 to $39.50 in a research note to investors on Friday, July 19th. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Community Trust Bancorp (NASDAQ:CTBI) from $35.00 to $38.00 in a research note to investors on Thursday, July 18th. They now have a “market perform” rating on the stock.
Community Trust Bancorp, Inc (NASDAQ:CTBI) is a bank holding company.
To view Zacks’ full report, visit www.zacks.com
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