Central Bancompany (NASDAQ:CBC) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Central Bancompany (NASDAQ:CBC) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $29.50.

Several research firms have recently weighed in on CBC. Stephens lifted their target price on shares of Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings raised shares of Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 1st. Zacks Research downgraded shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Wall Street Zen raised shares of Central Bancompany from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $31.00 price objective on shares of Central Bancompany in a research report on Wednesday, April 29th.

Central Bancompany Stock Performance

Central Bancompany stock opened at $28.59 on Wednesday. The firm’s 50-day moving average is $26.52. Central Bancompany has a 52 week low of $21.99 and a 52 week high of $29.07.

Central Bancompany (NASDAQ:CBC) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. The business had revenue of $273.71 million during the quarter, compared to analyst estimates of $267.74 million. As a group, research analysts forecast that Central Bancompany will post 1.93 earnings per share for the current year.

Central Bancompany Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 22nd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, May 22nd.

Institutional Trading of Central Bancompany

Several large investors have recently added to or reduced their stakes in the business. CENTRAL TRUST Co bought a new stake in Central Bancompany in the fourth quarter worth approximately $176,998,000. North Reef Capital Management LP grew its position in Central Bancompany by 210.9% in the first quarter. North Reef Capital Management LP now owns 4,075,000 shares of the company’s stock worth $97,596,000 after acquiring an additional 2,764,327 shares in the last quarter. Champlain Investment Partners LLC bought a new stake in Central Bancompany in the fourth quarter worth approximately $42,165,000. Price T Rowe Associates Inc. MD bought a new stake in Central Bancompany in the fourth quarter worth approximately $40,790,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in Central Bancompany in the fourth quarter worth approximately $31,779,000.

About Central Bancompany

Central Bancompany (NASDAQ: CBC) is a bank holding company that provides a range of banking and financial services through its subsidiary banks and nonbank affiliates. Headquartered in Jefferson City, Missouri, the company offers traditional deposit and lending products to individuals and businesses, including checking and savings accounts, certificates of deposit, consumer and commercial loans, and mortgage origination and servicing. Its operations emphasize relationship banking for local and regional customers.

In addition to core banking activities, Central Bancompany offers treasury and cash management services, online and mobile banking, and wealth management and trust services designed to support personal and business financial planning.