Zacks Upgrades Community Trust Bancorp to Neutral (CTBI)
Community Trust Bancorp (NASDAQ:CTBI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Friday. The firm currently has a $35.80 price target on the stock. Zacks‘s price target points to a potential upside of 2.55% from the stock’s previous close.
Community Trust Bancorp (NASDAQ:CTBI) traded down 1.12% during mid-day trading on Friday, hitting $34.52. 49,860 shares of the company’s stock traded hands. Community Trust Bancorp has a 1-year low of $31.2273 and a 1-year high of $42.0727. The stock has a 50-day moving average of $34.13 and a 200-day moving average of $36.68. The company has a market cap of $597.5 million and a price-to-earnings ratio of 13.91.
Community Trust Bancorp (NASDAQ:CTBI) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by $0.11. Analysts expect that Community Trust Bancorp will post $2.56 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Keefe, Bruyette & Woods cut their price target on shares of Community Trust Bancorp from $40.00 to $36.00 in a research note on Monday, May 19th.
Community Trust Bancorp, Inc (NASDAQ:CTBI) is a bank holding company.
To view Zacks’ full report, visit Zacks’ official website.
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