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Community Trust Bancorp, Inc. (NASDAQ:CTBI) target price raised to $49.00, released a research note earlier today by Zacks Investment Research

Zacks Investment Research bumped up the target of Community Trust Bancorp, Inc. (NASDAQ:CTBI) to $49.00 stating a potential upside of 0.14%.

Showing a price of $43.15, Community Trust Bancorp, Inc. (NASDAQ:CTBI) traded -0.94% lower on the day. The last closing price is down -3.98% from the 200-day average, compared with the S&P 500 Index which has increased 0.04% over the same period. CTBI has recorded a 50-day average of $42.29 and a two hundred day average of $43.69. Volume of trade was up over the average, with 87,778 shares of CTBI changing hands over the typical 27,273

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Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Community Trust Bancorp, Inc. has a 52 week low of $35.85 and a 52 week high of $51.35 with a P/E ratio of 15.71 The company’s market cap is currently $0.

Also covering Community Trust Bancorp, Inc.'s price target, a total of 3 brokerages have issued a research note on the company. The average stock price target is $37.67 with zero analysts rating the company a strong buy, one analyst rating the stock a buy, 4 firms rating the stock a hold, zero equity analysts rating the company a underperform, and lastly zero brokers rating the stock a sell.

General Information About Community Trust Bancorp, Inc. (NASDAQ:CTBI)

Community Trust Bancorp, Inc. is a bank holding company. The Company holds interests in a commercial bank, Community Trust Bank, Inc. (the Bank), and a trust company, Community Trust and Investment Company. Through its subsidiaries, the Company engages in a range of commercial and personal banking, and trust and wealth management activities, which include accepting time and demand deposits; making secured and unsecured loans to corporations, individuals and others; providing cash management services to corporate and individual customers; issuing letters of credit; renting safe deposit boxes, and providing funds transfer services. Its loan portfolio includes commercial loans, such as construction loans, loans secured by real estate, equipment lease financing and commercial other loans; residential loans, such as real estate construction loans, real estate mortgages and home equity loans, and consumer loans, such as consumer direct loans and consumer indirect loans.

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