Central Bancompany Declares Quarterly Dividend of $0.12 (NASDAQ:CBC)

Central Bancompany (NASDAQ:CBC) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, May 22nd will be paid a dividend of 0.12 per share on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 22nd.

Central Bancompany Trading Down 0.1%

Shares of CBC stock traded down $0.04 during trading on Wednesday, hitting $27.35. The company had a trading volume of 109,857 shares, compared to its average volume of 489,724. The stock’s 50-day simple moving average is $24.63. Central Bancompany has a one year low of $21.99 and a one year high of $27.62.

Central Bancompany (NASDAQ:CBC) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. The firm had revenue of $273.70 million for the quarter, compared to analyst estimates of $267.74 million. Analysts forecast that Central Bancompany will post 1.93 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Central Bancompany from a “sell” rating to a “hold” rating in a research report on Saturday. Keefe, Bruyette & Woods boosted their price objective on shares of Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of Central Bancompany from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Stephens boosted their price objective on shares of Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Morgan Stanley lowered their price objective on shares of Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.50.

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.