We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
4 Reasons to Invest in Community Trust (CTBI) Stock Right Now
Read MoreHide Full Article
Adding Community Trust Bancorp, Inc. (CTBI - Free Report) stock to your portfolio now seems to be a wise idea. The company’s fundamental strength and growth prospects make it a good investment option.
Analysts are optimistic about its earnings growth potential. Over the past 60 days, the Zacks Consensus Estimate for CTBI’s 2024 earnings has been revised 2.7% upward. Thus, the company currently carries a Zacks Rank #2 (Buy).
Its price performance also seems impressive. The stock has gained 2% over the past three months compared with the industry’s growth of only 0.6%.
Image Source: Zacks Investment Research
Some other factors mentioned below make Community Trust a solid pick right now.
Earnings Growth: In the last three to five years, the company’s earnings witnessed a CAGR of 7.2%. While its earnings are projected to decline in 2024, the trend will reverse afterward. In 2025, earnings are expected to grow 3.3%.
Also, the company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters, the average beat being 4.5%.
Revenue Strength: Driven by continued growth in net interest income, Community Trust’s revenues witnessed a CAGR of 3.5% over the last five years (2018-2023), with the uptrend continuing in the first quarter of 2024. Revenues are projected to increase 1.3% in 2024 and 3.1% in 2025.
Strong Leverage: Currently, Community Trust’s debt/equity ratio is 0.10, while that for the industry is 0.26. This shows that CTBI uses minimal debt to finance operations. Thus, it will be financially stable even in adverse economic conditions.
Superior Return on Equity (ROE): The company currently has an ROE of 11.36%, higher than the industry average of 9.41%. This reflects that it is more efficient than peers in using its shareholder funds.
Other Stocks Worth a Look
A couple of other top-ranked stocks from the finance space are T. Rowe Price Group, Inc. (TROW - Free Report) and Artisan Partners Asset Management Inc. (APAM - Free Report) .
Earnings estimates for TROW have been revised 13.5% upward for the current year over the past 60 days. The company’s share price has increased 16.2% over the past six months. TROW currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Artisan Partners presently carries a Zacks Rank #2. Its earnings estimates have been revised upward by 3% for the current year over the past 60 days. In the last six months, APAM’s share price increased 14.7%.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
4 Reasons to Invest in Community Trust (CTBI) Stock Right Now
Adding Community Trust Bancorp, Inc. (CTBI - Free Report) stock to your portfolio now seems to be a wise idea. The company’s fundamental strength and growth prospects make it a good investment option.
Analysts are optimistic about its earnings growth potential. Over the past 60 days, the Zacks Consensus Estimate for CTBI’s 2024 earnings has been revised 2.7% upward. Thus, the company currently carries a Zacks Rank #2 (Buy).
Its price performance also seems impressive. The stock has gained 2% over the past three months compared with the industry’s growth of only 0.6%.
Image Source: Zacks Investment Research
Some other factors mentioned below make Community Trust a solid pick right now.
Earnings Growth: In the last three to five years, the company’s earnings witnessed a CAGR of 7.2%. While its earnings are projected to decline in 2024, the trend will reverse afterward. In 2025, earnings are expected to grow 3.3%.
Also, the company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters, the average beat being 4.5%.
Revenue Strength: Driven by continued growth in net interest income, Community Trust’s revenues witnessed a CAGR of 3.5% over the last five years (2018-2023), with the uptrend continuing in the first quarter of 2024. Revenues are projected to increase 1.3% in 2024 and 3.1% in 2025.
Strong Leverage: Currently, Community Trust’s debt/equity ratio is 0.10, while that for the industry is 0.26. This shows that CTBI uses minimal debt to finance operations. Thus, it will be financially stable even in adverse economic conditions.
Superior Return on Equity (ROE): The company currently has an ROE of 11.36%, higher than the industry average of 9.41%. This reflects that it is more efficient than peers in using its shareholder funds.
Other Stocks Worth a Look
A couple of other top-ranked stocks from the finance space are T. Rowe Price Group, Inc. (TROW - Free Report) and Artisan Partners Asset Management Inc. (APAM - Free Report) .
Earnings estimates for TROW have been revised 13.5% upward for the current year over the past 60 days. The company’s share price has increased 16.2% over the past six months. TROW currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Artisan Partners presently carries a Zacks Rank #2. Its earnings estimates have been revised upward by 3% for the current year over the past 60 days. In the last six months, APAM’s share price increased 14.7%.