Central Bancompany (NASDAQ:CBC) Receives $29.50 Average Price Target from Analysts

Central Bancompany (NASDAQ:CBC) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $29.50.

CBC has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Wall Street Zen lowered shares of Central Bancompany from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Piper Sandler reissued an “overweight” rating and issued a $31.00 target price on shares of Central Bancompany in a research note on Wednesday, April 29th. Weiss Ratings raised shares of Central Bancompany from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Stephens raised their target price on shares of Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th.

Central Bancompany Stock Performance

Shares of Central Bancompany stock opened at $28.45 on Friday. Central Bancompany has a twelve month low of $21.99 and a twelve month high of $28.75. The company has a 50-day moving average of $25.45.

Central Bancompany (NASDAQ:CBC) last released its earnings results on Tuesday, April 28th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $273.71 million during the quarter, compared to analysts’ expectations of $267.74 million. Sell-side analysts forecast that Central Bancompany will post 1.93 EPS for the current year.

Central Bancompany Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 22nd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, May 22nd.

Institutional Trading of Central Bancompany

Several institutional investors have recently made changes to their positions in the company. CENTRAL TRUST Co purchased a new stake in shares of Central Bancompany during the 4th quarter valued at approximately $176,998,000. North Reef Capital Management LP raised its position in shares of Central Bancompany by 210.9% during the 1st 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 purchased a new stake in shares of Central Bancompany during the 4th quarter valued at approximately $42,165,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Central Bancompany during the 4th quarter valued at approximately $40,790,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Central Bancompany during the 4th quarter valued at approximately $31,779,000.

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.