Central Bancompany (NASDAQ:CBC) Stock Now Rated “Hold” by Wall Street Brokerages

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

A number of equities research analysts have weighed in on the company. Morgan Stanley cut Central Bancompany from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $35.00 to $36.00 in a research note on Tuesday, September 8th. Wall Street Zen lowered shares of Central Bancompany from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Piper Sandler lifted their target price 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. Weiss Ratings cut shares of Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Stephens reiterated an “equal weight” rating and issued a $35.00 price target (up from $34.00) on shares of Central Bancompany in a research report on Wednesday, August 5th.

Institutional Investors Weigh In On Central Bancompany

A number of institutional investors and hedge funds have recently made changes to their positions in CBC. North Reef Capital Management LP boosted its stake in shares of Central Bancompany by 210.9% during the first quarter. North Reef Capital Management LP now owns 4,075,000 shares of the company’s stock worth $97,596,000 after buying an additional 2,764,327 shares during the period. Madison Avenue Partners LP acquired a new position in Central Bancompany in the 4th quarter valued at about $23,972,000. Azora Capital LP acquired a new position in Central Bancompany in the 4th quarter valued at about $14,031,000. Maltese Capital Management LLC purchased a new stake in Central Bancompany during the 4th quarter valued at approximately $8,890,000. Finally, Bank of America Corp DE raised its stake in Central Bancompany by 3,292.1% during the 1st quarter. Bank of America Corp DE now owns 128,220 shares of the company’s stock valued at $3,071,000 after acquiring an additional 124,440 shares during the last quarter.

Central Bancompany Stock Performance

Central Bancompany stock opened at $33.42 on Tuesday. The company has a market capitalization of $8.00 billion and a P/E ratio of 23.87. Central Bancompany has a fifty-two week low of $21.99 and a fifty-two week high of $33.82. The stock has a 50-day simple moving average of $32.26 and a 200-day simple moving average of $29.84.

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

Central Bancompany Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 21st were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, August 21st. Central Bancompany’s dividend payout ratio (DPR) is presently 34.29%.

About Central Bancompany

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.