Central Bancompany (NASDAQ:CBC) Reaches New 52-Week High – What’s Next?

Central Bancompany (NASDAQ:CBC) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $31.95 and last traded at $31.79, with a volume of 1452456 shares traded. The stock had previously closed at $31.46.

Wall Street Analyst Weigh In

A number of research firms recently commented on CBC. Keefe, Bruyette & Woods lifted their price target on Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of Central Bancompany from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Morgan Stanley lifted their price target on Central Bancompany from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Piper Sandler reissued an “overweight” rating and issued a $31.00 price objective on shares of Central Bancompany in a report on Wednesday, April 29th. Finally, Weiss Ratings lowered Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.25.

Central Bancompany Stock Performance

The firm’s fifty day simple moving average is $28.17. The stock has a market capitalization of $7.62 billion and a P/E ratio of 34.18.

Central Bancompany (NASDAQ:CBC) last posted its 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 business had revenue of $273.70 million for the quarter, compared to analyst estimates of $267.74 million. Equities analysts predict that Central Bancompany will post 1.93 earnings per share for the current fiscal year.

Central Bancompany Dividend Announcement

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

Institutional Trading of Central Bancompany

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

Central Bancompany Company Profile

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.