Central Bancompany (NASDAQ:CBC) Earns Overweight Rating from Analysts at Stephens

Stephens assumed coverage on shares of Central Bancompany (NASDAQ:CBC) in a research note published on Friday morning, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $28.00 price objective on the stock.

Other research analysts also recently issued reports about the stock. Wall Street Zen raised shares of Central Bancompany to a “hold” rating in a research report on Saturday, January 3rd. Piper Sandler raised their price objective on shares of Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Zacks Research raised shares of Central Bancompany from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Keefe, Bruyette & Woods upped their target price on shares of Central Bancompany from $26.00 to $27.50 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Central Bancompany in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Central Bancompany has a consensus rating of “Buy” and a consensus target price of $28.50.

Central Bancompany Stock Performance

Shares of NASDAQ CBC opened at $23.75 on Friday. The stock’s 50-day simple moving average is $24.27. Central Bancompany has a fifty-two week low of $21.99 and a fifty-two week high of $25.50.

Central Bancompany (NASDAQ:CBC) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $272.23 million during the quarter, compared to analyst estimates of $265.55 million.

Central Bancompany Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.0%.

Insider Buying and Selling

In related news, CEO John Thomas Ross acquired 40,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was purchased at an average price of $24.50 per share, for a total transaction of $980,000.00. Following the transaction, the chief executive officer owned 82,000 shares in the company, valued at $2,009,000. This trade represents a 95.24% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On Central Bancompany

Several hedge funds have recently modified their holdings of the company. Quarry LP purchased a new stake in shares of Central Bancompany during the fourth quarter worth about $26,000. PNC Financial Services Group Inc. purchased a new position in shares of Central Bancompany during the fourth quarter valued at approximately $51,000. Arax Advisory Partners acquired a new stake in Central Bancompany during the fourth quarter worth approximately $55,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Central Bancompany during the fourth quarter worth approximately $210,000. Finally, Summit Financial LLC purchased a new stake in Central Bancompany in the 4th quarter worth approximately $243,000.

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.