Central Bancompany (NASDAQ:CBC) Hits New 12-Month High – Still a Buy?

Central Bancompany (NASDAQ:CBC)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $27.75 and last traded at $27.4270, with a volume of 73673 shares changing hands. The stock had previously closed at $27.27.

Analyst Ratings Changes

CBC has been the topic of a number of recent research reports. Zacks Research downgraded Central Bancompany from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods boosted their price target on Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Stephens boosted their price target on Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Morgan Stanley lowered their price target on Central Bancompany from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Finally, Wall Street Zen raised Central Bancompany from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.50.

Central Bancompany Stock Up 0.1%

The company’s 50 day moving average is $24.75.

Central Bancompany (NASDAQ:CBC) last released its earnings results on Tuesday, April 28th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. The company had revenue of $273.70 million for the quarter, compared to analyst estimates of $267.74 million. Equities analysts expect that Central Bancompany will post 1.93 EPS for the current fiscal year.

Central Bancompany Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.48 annualized dividend and a yield of 1.8%.

Institutional Investors Weigh In On Central Bancompany

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new stake in Central Bancompany during the first quarter worth $797,000. Mendon Capital Advisors Corp acquired a new position in shares of Central Bancompany during the fourth quarter worth $4,727,000. XTX Topco Ltd acquired a new position in shares of Central Bancompany during the fourth quarter worth $282,000. Oxford Asset Management LLP acquired a new position in shares of Central Bancompany during the fourth quarter worth $738,000. Finally, Millennium Management LLC acquired a new position in shares of Central Bancompany during the fourth quarter worth $9,203,000.

Central Bancompany Company Profile

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.