Central Bancompany (NASDAQ:CBC) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Central Bancompany (NASDAQ:CBC) have received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $29.50.

CBC has been the subject of several research analyst reports. Morgan Stanley lowered their price target on Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Stephens increased their price objective on Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Keefe, Bruyette & Woods increased their price objective 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. Zacks Research cut Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, Wall Street Zen cut Central Bancompany from a “hold” rating to a “sell” rating in a research note on Saturday.

Institutional Trading of Central Bancompany

Several hedge funds have recently modified their holdings of the stock. CENTRAL TRUST Co acquired a new stake in shares of Central Bancompany in the fourth quarter valued at $176,998,000. North Reef Capital Management LP raised 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 acquiring an additional 2,764,327 shares in the last quarter. Champlain Investment Partners LLC acquired a new stake in shares of Central Bancompany in the fourth quarter valued at $42,165,000. Price T Rowe Associates Inc. MD acquired a new stake in Central Bancompany in the fourth quarter valued at $40,790,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in Central Bancompany in the fourth quarter valued at $31,779,000.

Central Bancompany Stock Down 1.0%

CBC opened at $26.60 on Friday. Central Bancompany has a 52 week low of $21.99 and a 52 week high of $27.81. The stock’s fifty day moving average price is $25.08.

Central Bancompany (NASDAQ:CBC) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. The firm had revenue of $273.71 million for the quarter, compared to analysts’ expectations of $267.74 million. Equities research analysts predict that Central Bancompany will post 1.93 earnings per share for the current fiscal year.

Central Bancompany Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 22nd will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, May 22nd.

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.