Alert: Positive Investment/Fundamental Signals (12/19/23)-Community Trust Bancorp Inc (NASDAQ: CTBI)


Community Trust Bancorp Inc (NASDAQ: CTBI) has benefited from exceptional positive changes in investment behavior: the stock rose on very heavy volume, and its longer term price trend turned up.

Recent important positive changes in fundamentals have benefitted Community Trust Bancorp Inc (NASDAQ: CTBI): the stock’s power rating rose above 70, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would 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 be above 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Community Trust Bancorp has a neutral Appreciation Score of 49 but a good Power Rating of 78, producing the High Neutral Value Trend Rating.

Recent Price Action

Community Trust Bancorp Inc (NASDAQ: CTBI) stock closed at $44.41 on 12/19/23 after an increase of 2.0%. Moreover, trading volume in this advance was exceptionally high at 236% of normal. The stock has risen 4.7% during the last week and has been strong relative to the market over the last nine months.

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