Central Bancompany (CBC) – What Are Researchers Saying About This Stock?

Shares of Central Bancompany (NASDAQ:CBC) have been assigned an average recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $35.00.

A number of analysts have recently issued reports on CBC shares. Piper Sandler raised their price target on shares of Central Bancompany from $31.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Stephens reissued an “equal weight” rating and set a $35.00 price objective (up from $34.00) on shares of Central Bancompany in a report on Wednesday, August 5th. Morgan Stanley downgraded shares of Central Bancompany from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $35.00 to $36.00 in a research report on Tuesday, September 8th. Wall Street Zen cut shares of Central Bancompany from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Central Bancompany from $29.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th.

Institutional Trading of Central Bancompany

Several large investors have recently modified their holdings of the company. California State Teachers Retirement System purchased a new stake in Central Bancompany during the first quarter valued at $26,000. Public Employees Retirement System of Ohio purchased a new position in Central Bancompany in the second quarter worth about $169,000. Keel Point LLC bought a new stake in shares of Central Bancompany during the 1st quarter valued at about $201,000. Dockside LLC purchased a new stake in shares of Central Bancompany during the 4th quarter valued at about $251,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in Central Bancompany during the first quarter valued at approximately $359,000.

Central Bancompany Price Performance

CBC stock opened at $32.56 on Tuesday. The stock has a market capitalization of $7.80 billion and a P/E ratio of 23.26. Central Bancompany has a 1-year low of $21.99 and a 1-year high of $33.82. The business has a fifty day moving average price of $32.29 and a 200-day moving average price of $29.63.

Central Bancompany (NASDAQ:CBC) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $281.72 million during the quarter. As a group, analysts anticipate that Central Bancompany will post 1.91 earnings per share for the current year.

Central Bancompany Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 21st. Central Bancompany’s dividend payout ratio is presently 34.29%.

Central Bancompany Company Profile

Central Bancompany, Inc is a bank holding company headquartered in Jefferson City, Missouri. Through its banking subsidiaries, the company provides financial services to individuals, families, businesses and organizations.

Its principal activities include accepting deposits and originating consumer, commercial and real estate loans. The company also offers related banking products and services such as checking and savings accounts, treasury management, online and mobile banking, wealth management and trust services.

Central Bancompany traces its banking operations to Central Bank, which was established in Missouri in the early 20th century.