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

Shares of Central Bancompany (NASDAQ:CBC) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $30.25.

A number of research firms have commented on CBC. Weiss Ratings lowered Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Wall Street Zen upgraded Central Bancompany from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Morgan Stanley upped their target price on Central Bancompany from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Keefe, Bruyette & Woods raised their price target on Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Finally, Zacks Research cut shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th.

Central Bancompany Stock Performance

Shares of Central Bancompany stock opened at $31.46 on Friday. The stock has a fifty day moving average price of $28.17. Central Bancompany has a 12-month low of $21.99 and a 12-month high of $31.89. The company has a market cap of $7.54 billion and a price-to-earnings ratio of 33.83.

Central Bancompany (NASDAQ:CBC) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. The firm had revenue of $273.70 million for the quarter, compared to the consensus estimate of $267.74 million. As a group, sell-side analysts expect that Central Bancompany will post 1.93 earnings per share for the current year.

Central Bancompany Dividend Announcement

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

Institutional Trading of Central Bancompany

Several institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System bought a new stake in Central Bancompany during the 1st quarter valued at approximately $26,000. Quarry LP purchased a new position in shares of Central Bancompany in the 4th quarter valued at approximately $26,000. Alexander Labrunerie & CO. Inc. boosted its position in shares of Central Bancompany by 7.1% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 22,633 shares of the company’s stock valued at $542,000 after purchasing an additional 1,508 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Central Bancompany during the fourth quarter valued at approximately $51,000. Finally, Arax Advisory Partners purchased a new stake in Central Bancompany in the fourth quarter worth $55,000.

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.