Community Bancorp ( (CTBI) ) has shared an update.
In 2024, Community Bancorp reported robust financial performance, surpassing its earnings and asset growth goals. The company achieved a net income increase of 6.2% and a revenue increase of 7.7% compared to 2023. Total assets grew by 7.3%, reaching $6.19 billion, while loans and deposits also saw significant increases. The company maintained a strong dividend policy, with a 3.3% increase in cash dividends. Despite these achievements, an investment in CTBI stock underperformed compared to the NASDAQ and Russell 2000 indices over the past five years.
Spark’s Take on CTBI Stock
According to Spark, TipRanks’ AI Analyst, CTBI is a Outperform.
Community Bancorp exhibits robust financial fundamentals with consistent income growth and effective cost management. While valuation is attractive, technical analysis suggests caution due to neutral momentum indicators. The company’s competitive position and positive corporate events support a solid investment outlook, with liquidity risks needing monitoring.
To see Spark’s full report on CTBI stock, click here.
More about Community Bancorp
Community Bancorp operates in the banking industry and is the third largest Kentucky domiciled bank holding company. It offers a range of financial services, including loans and deposits, across several regions such as Central, Eastern, Northeastern, and South Central Kentucky. The company is noted for its strong market position, being second in Kentucky in deposit market share among FDIC-insured institutions domiciled in the state.
YTD Price Performance: -10.01%
Average Trading Volume: 62,530
Technical Sentiment Signal: Hold
Current Market Cap: $855.9M
See more insights into CTBI stock on TipRanks’ Stock Analysis page.