Central Bancompany (CBC) – What Are Researchers Saying About This Stock?

Central Bancompany (NASDAQ:CBC) has received a consensus rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $35.90.

A number of analysts have issued reports on the stock. Wall Street Zen cut shares of Central Bancompany from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Piper Sandler upped their target price on Central Bancompany from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Bank of America lowered Central Bancompany from a “buy” rating to a “neutral” rating and set a $36.50 price objective on the stock. in a research report on Wednesday. Weiss Ratings raised Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Finally, Morgan Stanley lowered shares of Central Bancompany from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $35.00 to $36.00 in a research note on Tuesday, September 8th.

Central Bancompany Price Performance

Shares of NASDAQ:CBC opened at $37.75 on Friday. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $38.76. The stock’s 50-day moving average is $33.12 and its 200 day moving average is $28.98. The company has a market cap of $9.04 billion and a PE ratio of 20.08.

Central Bancompany (NASDAQ:CBC) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). Central Bancompany had a net margin of 34.30% and a return on equity of 11.74%. The business had revenue of $285.43 million during the quarter. Analysts expect that Central Bancompany will post 1.90 EPS for the current fiscal year.

Central Bancompany Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 20th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, November 20th. This is a positive change from Central Bancompany’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. Central Bancompany’s payout ratio is presently 25.53%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CBC. Bank of New York Mellon Corp bought a new position in Central Bancompany in the 1st quarter valued at $797,000. North Reef Capital Management LP raised its position in Central Bancompany by 210.9% in 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 buying an additional 2,764,327 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Central Bancompany by 3,292.1% during the first quarter. Bank of America Corp DE now owns 128,220 shares of the company’s stock worth $3,071,000 after purchasing an additional 124,440 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Central Bancompany during the first quarter valued at approximately $1,219,000. Finally, AXQ Capital LP purchased a new position in Central Bancompany in the second quarter worth about $1,008,000.

Central Bancompany Company Profile

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.