Central Bancompany (NASDAQ:CBC) Given Consensus Recommendation of “Buy” by Brokerages

Central Bancompany (NASDAQ:CBC) has earned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $28.6250.

Several research analysts have recently weighed in on the stock. Stephens began coverage on shares of Central Bancompany in a report on Friday, March 27th. They issued an “overweight” rating and a $28.00 price target on the stock. Morgan Stanley decreased their price objective on shares of Central Bancompany from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Tuesday. Zacks Research upgraded shares of Central Bancompany from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Keefe, Bruyette & Woods upped their price objective on Central Bancompany from $26.00 to $27.50 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Central Bancompany in a report on Wednesday, March 25th.

Central Bancompany Trading Up 1.1%

Shares of CBC opened at $23.95 on Friday. Central Bancompany has a twelve month low of $21.99 and a twelve month high of $25.50. The firm’s 50-day moving average is $24.26.

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

Central Bancompany Dividend Announcement

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

Insider Activity at Central Bancompany

In other Central Bancompany news, CEO John Thomas Ross purchased 40,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of $24.50 per share, with a total value of $980,000.00. Following the completion of the purchase, the chief executive officer owned 82,000 shares of the company’s stock, valued at $2,009,000. The trade was 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.

Hedge Funds Weigh In On Central Bancompany

Institutional investors and hedge funds have recently made changes to their positions in the business. Hudson Bay Capital Management LP bought a new stake in Central Bancompany in the fourth quarter worth $453,000. LPL Financial LLC bought a new position in shares of Central Bancompany during the fourth quarter valued at about $451,000. XTX Topco Ltd bought a new position in shares of Central Bancompany during the fourth quarter valued at about $282,000. Summit Financial LLC purchased a new position in shares of Central Bancompany in the fourth quarter worth about $243,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in shares of Central Bancompany in the 4th quarter valued at about $210,000.

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.