Central Bancompany (NASDAQ:CBC) Price Target Raised to $32.00

Central Bancompany (NASDAQ:CBC) had its price objective lifted by Keefe, Bruyette & Woods from $29.00 to $32.00 in a research note published on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Several other equities research analysts have also recently issued reports on CBC. Wall Street Zen upgraded shares of Central Bancompany from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings cut Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Zacks Research downgraded Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Piper Sandler upped their price objective on Central Bancompany from $31.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Stephens reissued an “equal weight” rating and issued a $35.00 target price (up from $34.00) on shares of Central Bancompany in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Central Bancompany has a consensus rating of “Moderate Buy” and an average target price of $34.75.

Central Bancompany Stock Performance

Shares of NASDAQ CBC opened at $33.51 on Wednesday. The company has a 50 day simple moving average of $30.50 and a two-hundred day simple moving average of $27.05. Central Bancompany has a fifty-two week low of $21.99 and a fifty-two week high of $33.82. The company has a market capitalization of $8.03 billion and a price-to-earnings ratio of 36.03.

Central Bancompany (NASDAQ:CBC) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $281.72 million during the quarter. On average, analysts forecast that Central Bancompany will post 1.92 earnings per share for the current fiscal year.

Central Bancompany Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 21st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 21st. Central Bancompany’s dividend payout ratio (DPR) is 51.61%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CBC. CENTRAL TRUST Co bought a new position in shares of Central Bancompany during the 4th quarter valued at approximately $176,998,000. North Reef Capital Management LP boosted its stake in Central Bancompany by 210.9% during the first quarter. North Reef Capital Management LP now owns 4,075,000 shares of the company’s stock worth $97,596,000 after buying an additional 2,764,327 shares during the period. Champlain Investment Partners LLC bought a new position in Central Bancompany during the fourth quarter valued at $42,165,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Central Bancompany in the fourth quarter valued at $40,790,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Central Bancompany during the 4th quarter worth 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.