Central Bancompany (NASDAQ:CBC) Stock Has Average Price Target of $35.90 According to Analysts

Central Bancompany (NASDAQ:CBC) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $35.90.

Several research firms have recently commented on CBC. Wall Street Zen lowered shares of Central Bancompany from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Stephens lowered shares of Central Bancompany from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $34.00 to $35.00 in a report on Wednesday, August 5th. Weiss Ratings raised shares of Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 23rd. Keefe, Bruyette & Woods upped their target price on Central Bancompany from $29.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, August 5th. Finally, Morgan Stanley cut Central Bancompany from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $35.00 to $36.00 in a research report on Tuesday, September 8th.

Institutional Trading of Central Bancompany

A number of institutional investors have recently modified their holdings of the company. Composition Wealth LLC boosted its stake in Central Bancompany by 66.0% in the third quarter. Composition Wealth LLC now owns 44,652 shares of the company’s stock valued at $1,395,000 after acquiring an additional 17,754 shares in the last quarter. Royce & Associates LP grew its stake in Central Bancompany by 12.9% during the 3rd quarter. Royce & Associates LP now owns 580,677 shares of the company’s stock worth $18,146,000 after buying an additional 66,565 shares during the last quarter. Russell Investments Group Ltd. grew its stake in Central Bancompany by 45.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 59,391 shares of the company’s stock worth $1,856,000 after buying an additional 18,515 shares during the last quarter. CENTRAL TRUST Co increased its position in Central Bancompany by 0.6% during the 3rd quarter. CENTRAL TRUST Co now owns 7,599,224 shares of the company’s stock valued at $237,476,000 after buying an additional 48,141 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Central Bancompany by 14.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 12,367 shares of the company’s stock valued at $386,000 after buying an additional 1,531 shares in the last quarter.

Central Bancompany Stock Performance

Shares of NASDAQ:CBC opened at $38.42 on Friday. The firm’s 50 day simple moving average is $33.51 and its 200-day simple moving average is $29.18. Central Bancompany has a one year low of $21.99 and a one year high of $38.77. The firm has a market cap of $9.20 billion and a PE ratio of 20.44.

Central Bancompany (NASDAQ:CBC) last released its quarterly earnings data on Tuesday, October 27th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $285.43 million for the quarter. Central Bancompany had a return on equity of 11.74% and a net margin of 34.30%. Equities research analysts predict that Central Bancompany will post 1.90 EPS for the current fiscal year.

Central Bancompany Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 20th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. This is a positive change from Central Bancompany’s previous quarterly dividend of $0.12. Central Bancompany’s dividend payout ratio is presently 25.53%.

Central Bancompany Company Profile

Central Bancompany is a bank holding company headquartered in Jefferson City, Missouri. Through its banking subsidiaries, it provides personal and business banking services, including deposit accounts, consumer and commercial lending, mortgage services, and digital banking. The company also offers services such as treasury management and wealth management to individuals, businesses, and institutions. Its banking operations are centered in Missouri, with a presence in other Midwestern and neighboring states.