Central Bancompany (NASDAQ:CBC) Increases Dividend to $0.14 Per Share

Central Bancompany (NASDAQ:CBC) announced a quarterly dividend on Monday, November 2nd. Stockholders of record on Friday, November 20th will be paid a dividend of $0.14 per share on Tuesday, December 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. This is a 16.7% increase from Central Bancompany’s previous quarterly dividend of $0.12.

Central Bancompany Price Performance

Shares of CBC remained flat at $36.85 during mid-day trading on Tuesday. 1,300,023 shares of the stock traded hands, compared to its average volume of 745,319. Central Bancompany has a twelve month low of $21.99 and a twelve month high of $37.41. The stock has a market cap of $8.83 billion and a price-to-earnings ratio of 19.60. The company has a fifty day simple moving average of $32.73 and a 200 day simple moving average of $28.71.

Central Bancompany (NASDAQ:CBC) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.01). Central Bancompany had a net margin of 34.30% and a return on equity of 11.74%. The company had revenue of $285.43 million during the quarter. On average, analysts expect that Central Bancompany will post 1.90 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CBC. Stephens lowered Central Bancompany from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $34.00 to $35.00 in a report on Wednesday, August 5th. Piper Sandler increased their price target on Central Bancompany from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Wall Street Zen lowered shares of Central Bancompany from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Central Bancompany from $29.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley cut shares of Central Bancompany from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $35.00 to $36.00 in a research note on Tuesday, September 8th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $35.75.

About Central Bancompany

Central Bancompany, Inc is a bank holding company headquartered in Jefferson City, Missouri. Through its banking subsidiaries, the company provides financial services to individuals, businesses and institutions, with a focus on community banking and relationship-based service.

Its offerings generally include personal and business deposit accounts, consumer and commercial lending, residential mortgages, treasury management, online and mobile banking, and other traditional banking services.