Central Bancompany (NASDAQ:CBC) Reaches New 12-Month High – Still a Buy?

Central Bancompany (NASDAQ:CBC) shares reached a new 52-week high on Tuesday . The company traded as high as $27.87 and last traded at $27.7630, with a volume of 82834 shares trading hands. The stock had previously closed at $27.45.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CBC shares. Piper Sandler reiterated an “overweight” rating and issued a $31.00 price target on shares of Central Bancompany in a research note on Wednesday, April 29th. Zacks Research lowered Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Weiss Ratings lowered Central Bancompany from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, April 27th. Wall Street Zen lowered Central Bancompany from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Stephens increased their price target on Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Central Bancompany currently has a consensus rating of “Moderate Buy” and an average target price of $29.50.

Central Bancompany Stock Up 0.9%

The stock has a 50 day simple moving average of $25.14.

Central Bancompany (NASDAQ:CBC) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. The company had revenue of $273.71 million during the quarter, compared to analysts’ expectations of $267.74 million. Analysts expect that Central Bancompany will post 1.93 earnings per share for the current year.

Central Bancompany Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 22nd will be paid a $0.12 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.48 annualized dividend and a yield of 1.7%.

Institutional Trading of Central Bancompany

Several hedge funds have recently bought and sold shares of the stock. CENTRAL TRUST Co purchased a new stake in Central Bancompany in the 4th quarter worth $176,998,000. North Reef Capital Management LP lifted its stake in Central Bancompany by 210.9% in the 1st quarter. North Reef Capital Management LP now owns 4,075,000 shares of the company’s stock worth $97,596,000 after purchasing an additional 2,764,327 shares in the last quarter. Champlain Investment Partners LLC purchased a new stake in Central Bancompany in the 4th quarter worth $42,165,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Central Bancompany during the 4th quarter valued at about $40,790,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Central Bancompany during the 4th quarter valued at about $31,779,000.

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.