Central Bancompany (NASDAQ:CBC) Reaches New 12-Month High – Should You Buy?

Central Bancompany (NASDAQ:CBC) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $29.09 and last traded at $28.9310, with a volume of 42120 shares traded. The stock had previously closed at $28.59.

Analyst Ratings Changes

CBC has been the topic of a number of research analyst reports. Zacks Research downgraded Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Keefe, Bruyette & Woods raised their price objective on Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Morgan Stanley decreased their price objective on Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Stephens raised their price objective on Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen upgraded Central Bancompany from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $29.50.

Central Bancompany Price Performance

The stock has a 50-day moving average price of $26.52.

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

Central Bancompany Dividend Announcement

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

Institutional Trading of Central Bancompany

A number of institutional investors have recently bought and sold shares of CBC. Prime Capital Investment Advisors LLC acquired a new stake in shares of Central Bancompany in the fourth quarter worth about $2,991,000. CENTRAL TRUST Co acquired a new stake in shares of Central Bancompany in the fourth quarter worth about $176,998,000. Delta Investment Management LLC acquired a new stake in shares of Central Bancompany in the fourth quarter worth about $3,097,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Central Bancompany in the fourth quarter worth about $31,779,000. Finally, Atwood & Palmer Inc. acquired a new stake in shares of Central Bancompany in the fourth quarter worth about $7,117,000.

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.