Central Bancompany (NASDAQ:CBC) Issues Earnings Results, Misses Expectations By $0.01 EPS

Central Bancompany (NASDAQ:CBC) posted its quarterly earnings data on Tuesday. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01), FiscalAI reports. The business had revenue of $281.72 million during the quarter.

Central Bancompany Price Performance

Shares of NASDAQ:CBC opened at $32.70 on Tuesday. Central Bancompany has a one year low of $21.99 and a one year high of $33.53. The company has a market cap of $7.84 billion and a price-to-earnings ratio of 35.63. The firm has a 50 day simple moving average of $30.12 and a 200 day simple moving average of $26.81.

Institutional Investors Weigh In On Central Bancompany

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. CENTRAL TRUST Co bought a new position in Central Bancompany in the fourth quarter valued at about $176,998,000. North Reef Capital Management LP increased its stake in shares of 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 valued at $97,596,000 after buying an additional 2,764,327 shares during the period. Champlain Investment Partners LLC bought a new position in Central Bancompany in the 4th quarter valued at approximately $42,165,000. Price T Rowe Associates Inc. MD bought a new position in Central Bancompany in the 4th quarter valued at approximately $40,790,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Central Bancompany during the 4th quarter worth approximately $31,779,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CBC shares. Keefe, Bruyette & Woods boosted their price target on Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. Morgan Stanley increased their price target on shares of Central Bancompany from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Wall Street Zen raised shares of Central Bancompany from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Piper Sandler restated an “overweight” rating and set a $31.00 target price on shares of Central Bancompany in a research note on Wednesday, April 29th. Finally, Stephens raised their target price on Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $30.25.

Central Bancompany Company Profile

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.