Central Bancompany (NASDAQ:CBC) Receives $30.25 Average Target Price from Analysts

Shares of Central Bancompany (NASDAQ:CBC) have earned a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $30.25.

A number of equities analysts recently commented on CBC shares. Zacks Research lowered shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Wall Street Zen upgraded Central Bancompany from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $31.00 target price on shares of Central Bancompany in a research report on Wednesday, April 29th. Stephens lifted their price target on Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods upped their price target on Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th.

Institutional Investors Weigh In On Central Bancompany

A number of institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System acquired a new position in shares of Central Bancompany during the 1st quarter worth about $26,000. Quarry LP acquired a new stake in shares of Central Bancompany in the 4th quarter valued at approximately $26,000. Alexander Labrunerie & CO. Inc. boosted its stake in Central Bancompany by 7.1% during the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 22,633 shares of the company’s stock worth $542,000 after acquiring an additional 1,508 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in Central Bancompany during the 4th quarter worth approximately $51,000. Finally, Arax Advisory Partners acquired a new position in Central Bancompany during the fourth quarter valued at approximately $55,000.

Central Bancompany Trading Down 0.2%

Shares of NASDAQ CBC traded down $0.05 during midday trading on Friday, reaching $31.11. The company’s stock had a trading volume of 492,113 shares, compared to its average volume of 867,791. The company has a 50 day moving average price of $28.68 and a 200 day moving average price of $25.90. Central Bancompany has a one year low of $21.99 and a one year high of $32.00. The company has a market cap of $7.46 billion and a price-to-earnings ratio of 33.45.

Central Bancompany (NASDAQ:CBC) last issued 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. Research analysts anticipate that Central Bancompany will post 1.94 earnings per share for the current fiscal year.

Central Bancompany Announces Dividend

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

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.