Central Bancompany (NASDAQ:CBC) Reaches New 12-Month High – What’s Next?

Shares of Central Bancompany (NASDAQ:CBC) hit a new 52-week high on Monday. The company traded as high as $34.00 and last traded at $34.00, with a volume of 563 shares trading hands. The stock had previously closed at $32.06.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CBC shares. Keefe, Bruyette & Woods upped their target price on Central Bancompany from $29.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. Wall Street Zen cut shares of Central Bancompany from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Stephens reaffirmed an “equal weight” rating and issued a $35.00 price objective (up from $34.00) on shares of Central Bancompany in a report on Wednesday, August 5th. Weiss Ratings raised shares of Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 24th. Finally, Piper Sandler boosted their target price on shares of Central Bancompany from $31.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Central Bancompany currently has an average rating of “Hold” and a consensus target price of $35.00.

Central Bancompany Price Performance

The business’s fifty day simple moving average is $32.35 and its two-hundred day simple moving average is $29.11. The company has a market cap of $7.58 billion and a PE ratio of 22.61.

Central Bancompany (NASDAQ:CBC) last posted its earnings results on Tuesday, August 4th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $281.72 million during the quarter. As a group, analysts predict that Central Bancompany will post 1.9 EPS for the current year.

Central Bancompany Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st were given a $0.12 dividend. The ex-dividend date was Friday, August 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. Central Bancompany’s payout ratio is 34.29%.

Institutional Trading of Central Bancompany

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

Central Bancompany Company Profile

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

Its services generally include personal and business deposit accounts, residential and commercial lending, consumer loans, treasury and cash-management services, online and mobile banking, and related wealth-management and trust services. The company’s community-banking model is designed to serve local customers through branch-based and digital banking channels.

Central Bancompany serves communities primarily in Missouri and surrounding Midwestern markets through its network of affiliated banks and financial-service offices.