Central Bancompany (NASDAQ:CBC) Stock Now Rated “Hold” by Wall Street Brokerages

Central Bancompany (NASDAQ:CBC) has received an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $35.90.

Several research firms have recently issued reports on CBC. Weiss Ratings upgraded Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Morgan Stanley lowered shares of Central Bancompany from an “overweight” rating to an “equal weight” rating and raised their price objective for the stock from $35.00 to $36.00 in a report on Tuesday, September 8th. Keefe, Bruyette & Woods raised their price target on shares of Central Bancompany from $29.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. Wall Street Zen cut Central Bancompany from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Piper Sandler lifted their price objective on Central Bancompany from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th.

Central Bancompany Stock Performance

NASDAQ CBC opened at $37.75 on Friday. The company has a fifty day moving average of $33.12 and a 200-day moving average of $28.98. Central Bancompany has a 52-week low of $21.99 and a 52-week high of $38.76. The company has a market capitalization of $9.04 billion and a P/E ratio of 20.08.

Central Bancompany (NASDAQ:CBC) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Central Bancompany had a return on equity of 11.74% and a net margin of 34.30%. The company had revenue of $285.43 million during the quarter. As a group, analysts forecast that Central Bancompany will post 1.90 EPS for the current fiscal year.

Central Bancompany Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 20th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. This is an increase from Central Bancompany’s previous quarterly dividend of $0.12. Central Bancompany’s payout ratio is 25.53%.

Institutional Investors Weigh In On Central Bancompany

Several hedge funds and other institutional investors have recently bought and sold shares of CBC. Signaturefd LLC raised its stake in Central Bancompany by 85.4% during the 3rd quarter. Signaturefd LLC now owns 799 shares of the company’s stock valued at $25,000 after purchasing an additional 368 shares during the last quarter. California State Teachers Retirement System acquired a new position in Central Bancompany during the 1st quarter worth about $26,000. Sterling Capital Management LLC grew its stake in Central Bancompany by 64.0% in the third quarter. Sterling Capital Management LLC now owns 887 shares of the company’s stock valued at $28,000 after acquiring an additional 346 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Central Bancompany in the first quarter valued at approximately $137,000. Finally, Keel Point LLC bought a new stake in shares of Central Bancompany in the first quarter valued at approximately $201,000.

About Central Bancompany

Central Bancompany, Inc is a bank holding company headquartered in Jefferson City, Missouri. Through its banking subsidiaries, the company provides financial services to individuals, businesses and institutions, with a focus on community banking and relationship-based service.

Its offerings generally include personal and business deposit accounts, consumer and commercial lending, residential mortgages, treasury management, online and mobile banking, and other traditional banking services.