Central Bancompany (NASDAQ:CBC) Hits New 12-Month High – Here’s What Happened

Central Bancompany (NASDAQ:CBC) reached a new 52-week high on Wednesday . The company traded as high as $25.50 and last traded at $25.09, with a volume of 25278 shares. The stock had previously closed at $24.63.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CBC shares. Piper Sandler increased their target price on Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Keefe, Bruyette & Woods upped their price objective on shares of Central Bancompany from $26.00 to $27.50 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Wall Street Zen raised shares of Central Bancompany to a “hold” rating in a report on Saturday, January 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Central Bancompany in a research note on Friday, December 26th. Finally, Zacks Research upgraded shares of Central Bancompany from a “hold” rating to a “strong-buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $28.75.

Central Bancompany Stock Performance

The stock has a 50-day moving average price of $24.24.

Central Bancompany (NASDAQ:CBC) last released its earnings results on Tuesday, January 27th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $272.23 million during the quarter, compared to analysts’ expectations of $265.55 million.

Central Bancompany Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 20th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $0.48 dividend on an annualized basis and a yield of 1.9%.

Insider Transactions at Central Bancompany

In other news, CEO John Thomas Ross purchased 40,000 shares of the stock in a transaction dated Friday, February 6th. The shares were purchased at an average price of $24.50 per share, with a total value of $980,000.00. Following the transaction, the chief executive officer owned 82,000 shares in the company, valued at $2,009,000. The trade was a 95.24% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Trading of Central Bancompany

Several institutional investors and hedge funds have recently bought and sold shares of CBC. Prime Capital Investment Advisors LLC acquired a new position in Central Bancompany in the fourth quarter valued at about $2,991,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Central Bancompany in the 4th quarter valued at approximately $31,779,000. PFG Investments LLC acquired a new position in shares of Central Bancompany in the 4th quarter worth approximately $264,000. Penobscot Investment Management Company Inc. purchased a new position in shares of Central Bancompany during the 4th quarter worth approximately $4,020,000. Finally, Atwood & Palmer Inc. acquired a new stake in Central Bancompany in the 4th quarter valued at approximately $7,117,000.

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.