Raymond James Sticks to Their Hold Rating for Community Bancorp (CTBI)

Raymond James analyst Daniel Tamayo maintained a Hold rating on Community Bancorp (CTBIResearch Report) yesterday. The company’s shares closed last Wednesday at $31.65.

According to TipRanks.com, Tamayo is a 3-star analyst with an average return of 5.7% and a 84.6% success rate. Tamayo covers the Financial sector, focusing on stocks such as First Mid-Illinois Bancshares, First Midwest Bancorp, and Limestone Bancorp.

The word on The Street in general, suggests a Hold analyst consensus rating for Community Bancorp with a $32.00 average price target.

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Community Bancorp’s market cap is currently $563.4M and has a P/E ratio of 9.60. The company has a Price to Book ratio of 0.98.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CTBI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Community Trust Bancorp, Inc. (Kentucky) is a bank holding company, which engages in the provision of community banking services through its subsidiary Community Trust Bank, Inc. It offers commercial & 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. The company was founded on August 12, 1980 and is headquartered in Pikeville, KY.