Central Bancompany (NASDAQ:CBC) Hits New 52-Week High – Time to Buy?

Central Bancompany (NASDAQ:CBC) hit a new 52-week high on Tuesday . The company traded as high as $27.87 and last traded at $27.7630, with a volume of 82834 shares traded. The stock had previously closed at $27.45.

Wall Street Analyst Weigh In

CBC has been the subject of a number of recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $31.00 price objective on shares of Central Bancompany in a report on Wednesday, April 29th. Stephens boosted their price objective on shares of Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Keefe, Bruyette & Woods boosted their price objective on shares of Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Weiss Ratings lowered shares of Central Bancompany from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Finally, Wall Street Zen lowered shares of Central Bancompany from a “hold” rating to a “sell” rating in a report on Saturday. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $29.50.

Central Bancompany Trading Up 0.9%

The business has a 50-day moving average of $25.14.

Central Bancompany (NASDAQ:CBC) last posted its earnings results on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $273.71 million during the quarter, compared to the consensus estimate of $267.74 million. Equities analysts predict that Central Bancompany will post 1.93 earnings per share for the current year.

Central Bancompany Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 22nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Investors Weigh In On Central Bancompany

A number of hedge funds have recently modified their holdings of the business. CENTRAL TRUST Co bought a new stake in shares of Central Bancompany during the 4th quarter valued at $176,998,000. North Reef Capital Management LP grew its position in shares of Central Bancompany by 210.9% during the 1st quarter. North Reef Capital Management LP now owns 4,075,000 shares of the company’s stock valued at $97,596,000 after acquiring an additional 2,764,327 shares during the period. Champlain Investment Partners LLC bought a new stake in shares of Central Bancompany during the 4th quarter valued at $42,165,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Central Bancompany during the 4th quarter valued at $40,790,000. Finally, Massachusetts Financial Services Co. MA bought a new stake in shares of Central Bancompany during the 4th quarter valued at $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.