Central Bancompany (NASDAQ:CBC) Receives Average Rating of “Moderate Buy” from Brokerages

Central Bancompany (NASDAQ:CBC) has received an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $30.25.

CBC has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Morgan Stanley boosted their price objective on shares of Central Bancompany from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Zacks Research cut shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Wall Street Zen raised shares of Central Bancompany from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, 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.

Hedge Funds Weigh In On Central Bancompany

Large investors have recently modified their holdings of the stock. CENTRAL TRUST Co bought a new position in Central Bancompany in the 4th quarter valued at approximately $176,998,000. North Reef Capital Management LP raised its stake in shares of Central Bancompany by 210.9% in the first quarter. North Reef Capital Management LP now owns 4,075,000 shares of the company’s stock worth $97,596,000 after purchasing an additional 2,764,327 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in shares of Central Bancompany in the fourth quarter worth $42,165,000. Price T Rowe Associates Inc. MD bought a new position in shares of Central Bancompany during the fourth quarter valued at $40,790,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Central Bancompany during the fourth quarter valued at $31,779,000.

Central Bancompany Price Performance

Shares of NASDAQ CBC opened at $31.16 on Friday. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $32.00. The stock has a market capitalization of $7.47 billion and a P/E ratio of 33.51. The company’s 50-day moving average is $28.59 and its 200 day moving average is $25.86.

Central Bancompany (NASDAQ:CBC) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. The company had revenue of $273.70 million during the quarter, compared to analysts’ expectations of $267.74 million. Research analysts anticipate that Central Bancompany will post 1.94 earnings per share for the current year.

Central Bancompany Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 22nd were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 22nd. Central Bancompany’s dividend payout ratio is currently 51.61%.

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.