Central Bancompany (NASDAQ:CBC) Hits New 52-Week High – Should You Buy?

Central Bancompany (NASDAQ:CBC) shares reached a new 52-week high on Thursday . The company traded as high as $32.92 and last traded at $32.6660, with a volume of 711135 shares changing hands. The stock had previously closed at $32.45.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Keefe, Bruyette & Woods increased 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 note on Wednesday, April 29th. Stephens boosted 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. Weiss Ratings cut Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 15th. Piper Sandler reissued an “overweight” rating and set a $31.00 price objective on shares of Central Bancompany in a report on Wednesday, April 29th. Finally, Zacks Research lowered Central Bancompany from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $30.25.

Central Bancompany Stock Performance

The business’s fifty day moving average is $29.85 and its 200-day moving average is $26.62. The firm has a market cap of $7.83 billion and a P/E ratio of 35.12.

Central Bancompany (NASDAQ:CBC) last posted 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 $273.70 million for the quarter, compared to the consensus estimate of $267.74 million. Analysts predict that Central Bancompany will post 1.94 EPS for the current fiscal year.

Central Bancompany Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 22nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, May 22nd. Central Bancompany’s payout ratio is 51.61%.

Institutional Trading of Central Bancompany

A number of institutional investors and hedge funds have recently bought and sold shares of CBC. California State Teachers Retirement System bought a new position in Central Bancompany during the 1st quarter worth $26,000. Quarry LP bought a new stake in shares of Central Bancompany in the 4th quarter valued at about $26,000. PNC Financial Services Group Inc. acquired a new stake in shares of Central Bancompany in the fourth quarter valued at about $51,000. Arax Advisory Partners acquired a new stake in shares of Central Bancompany in the fourth quarter valued at about $55,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Central Bancompany during the first quarter worth about $137,000.

About Central Bancompany

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.