Central Bancompany (NASDAQ:CBC) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Central Bancompany (NASDAQ:CBC) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $34.75.

CBC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their price target 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. Weiss Ratings downgraded Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 15th. Morgan Stanley reaffirmed an “overweight” rating and set a $35.00 target price on shares of Central Bancompany in a research report on Wednesday, August 5th. Stephens reissued an “equal weight” rating and issued a $35.00 price target (up from $34.00) on shares of Central Bancompany in a report on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Central Bancompany from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th.

Institutional Investors Weigh In On Central Bancompany

A number of hedge funds have recently modified their holdings of CBC. CENTRAL TRUST Co bought a new position in Central Bancompany during the fourth quarter valued at $176,998,000. North Reef Capital Management LP raised its stake in shares of 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 buying an additional 2,764,327 shares during the period. Champlain Investment Partners LLC bought a new stake in shares of Central Bancompany in the fourth quarter valued at $42,165,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Central Bancompany during the 4th quarter valued at $40,790,000. Finally, Madison Avenue Partners LP bought a new position in shares of Central Bancompany during the 4th quarter worth $23,972,000.

Central Bancompany Stock Performance

Central Bancompany stock opened at $31.96 on Monday. Central Bancompany has a fifty-two week low of $21.99 and a fifty-two week high of $33.82. The firm’s 50-day simple moving average is $31.35 and its 200 day simple moving average is $27.65. The stock has a market cap of $7.65 billion and a PE ratio of 22.83.

Central Bancompany (NASDAQ:CBC) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The business had revenue of $281.72 million for the quarter. As a group, analysts predict that Central Bancompany will post 1.91 EPS for the current fiscal year.

Central Bancompany Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. Central Bancompany’s dividend payout ratio is currently 34.29%.

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.