Keefe, Bruyette & Woods Initiates Coverage Of CBTI

Keefe, Bruyette & Woods initiates coverage of Community Trust Bancorp Inc.

with a Market Perform rating and a price target of $28. While operating in slower growth rural markets, Keefe, Bruyette & Woods believes that CTBI is a high-quality franchise with an experienced and conservative management team. The bank has a dominant market share position and strong capital base that have enabled the company to report above-peer profitability through the credit cycle. CTBI is a Kentucky based bank holding company. CTBI closed Thursday at $26.54