From what 3 stock analysts predict, the share price for Community Trust Bancorp Inc (CTBI) might increase by 1.73% in the next year. This is based on a 12-month average estimation for CTBI. Price targets go from $56 to $64. The majority of stock analysts believe CTBI is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
Community Trust Bancorp Inc has a total of 3 Wall St Analyst ratings. There are 3 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Community Trust Bancorp Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of CTBI.
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
---|---|---|---|---|
Andrew Liesch Piper Sandler | Overweight | $64 | Assumes | Nov 8, 2024 |
Daniel Cardenas Janney Montgomery Scott | Buy | Initiates | Mar 27, 2024 | |
Casey Orr Whitman Piper Sandler | Overweight | $47 | Initiates | Feb 16, 2024 |
Piper Sandler | Overweight | Upgrade | Dec 9, 2020 | |
Piper Sandler | Neutral | $32 | Maintains | Sep 30, 2020 |
Brendan Nosal Piper Sandler | Neutral | $42 | Maintains | Mar 2, 2020 |
Hilliard Lyons | Underperform | Downgrade | Feb 27, 2017 | |
Keefe, Bruyette & Woods | Market Perform | $37 | Maintains | Jul 16, 2015 |
Keefe Bruyette & Woods | Market Perform | Maintains | Jul 16, 2015 | |
Sandler O'Neill | Hold | Downgrade | Jan 22, 2015 | |
Keefe Bruyette & Woods | Market Perform | Maintains | Jan 22, 2015 | |
Piper Sandler | Hold | Downgrade | Jan 22, 2015 | |
Keefe, Bruyette & Woods | Market Perform | $36 | Maintains | Jan 22, 2015 |
When did it IPO
1993
Staff Count
943
Country
United States
Sector/Industry
Financial Services/Banks - Regional
CEO
Mr. Mark A. Gooch CTB
Market Cap
$1.07B
In 2023, CTBI generated $230.8M in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that CTBI's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Summary - Community Trust Bancorp, Inc. (NASDAQ:CTBI) declared a cash dividend of $0.47 per share, payable on January 2, 2025, to shareholders of record on December 15, 2024.
Why It Matters - The declaration of a cash dividend signals financial health and returns value to shareholders, potentially attracting more investors and influencing stock price positively.
Summary - CTBI and ORLA have been added to the Zacks Rank #1 (Strong Buy) momentum stocks list as of October 21, 2024.
Why It Matters - CTBI and ORLA's inclusion in the Zacks Rank #1 (Strong Buy) list signals strong potential for price appreciation, attracting investor interest and possibly driving stock demand upward.
Summary - CTBI, HRB, and HQI received a Zacks Rank #1 (Strong Buy) designation as of October 21, 2024, indicating strong performance potential among income stocks.
Why It Matters - CTBI, HRB, and HQI receiving a Zacks Rank #1 indicates strong earnings potential, suggesting these stocks may outperform the market, attracting investor interest and potentially driving up prices.
Summary - Community Trust Bancorp reported Q3 2024 net income of $22.1M, up from $20.6M in Q3 2023. EPS rose to $1.23. YTD net income is $60.3M, slightly higher than $59.3M in 2023.
Why It Matters - Community Trust Bancorp reported higher earnings and EPS in Q3 2024, indicating strong financial performance and potential growth, which could drive investor confidence and stock value.
Summary - Community Trust Bancorp (CTBI) reported Q3 earnings of $1.23 per share, exceeding the Zacks Consensus Estimate of $1.15, and up from $1.15 per share in the same quarter last year.
Why It Matters - CTBI's earnings beat expectations, indicating strong performance and growth, which could boost investor confidence and potentially drive stock price appreciation.
Summary - Community Trust Bancorp (CTBI) has been upgraded to a Zacks Rank #2 (Buy) due to increasing optimism about its earnings prospects, potentially indicating a positive trend for investors.
Why It Matters - The upgrade to Zacks Rank #2 signals increased confidence in CTBI's earnings potential, suggesting possible stock price appreciation and making it an attractive investment opportunity.