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

Central Bancompany (NASDAQ:CBC)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $27.87 and last traded at $27.7630, with a volume of 82834 shares changing hands. The stock had previously closed at $27.45.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CBC shares. Morgan Stanley dropped 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 note on Tuesday, March 31st. Stephens upped their target price on Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Keefe, Bruyette & Woods increased their target price on Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Zacks Research downgraded Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Finally, Weiss Ratings upgraded Central Bancompany from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.50.

Central Bancompany Stock Performance

The stock has a fifty day simple moving average of $25.29.

Central Bancompany (NASDAQ:CBC) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $273.71 million during the quarter, compared to analyst estimates of $267.74 million. Analysts predict that Central Bancompany will post 1.93 EPS for the current fiscal year.

Central Bancompany Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Trading of Central Bancompany

Several large investors have recently bought and sold shares of CBC. Bank of America Corp DE raised its holdings in shares of Central Bancompany by 3,292.1% in the first quarter. Bank of America Corp DE now owns 128,220 shares of the company’s stock worth $3,071,000 after buying an additional 124,440 shares during the last quarter. Alexander Labrunerie & CO. Inc. grew its holdings in shares of Central Bancompany by 7.1% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 22,633 shares of the company’s stock valued at $542,000 after buying an additional 1,508 shares during the last quarter. California State Teachers Retirement System acquired a new position in shares of Central Bancompany in the 1st quarter valued at $26,000. Quantinno Capital Management LP purchased a new position in Central Bancompany in the 1st quarter worth $1,942,000. Finally, North Reef Capital Management LP lifted its position in Central Bancompany by 210.9% during the 1st quarter. North Reef Capital Management LP now owns 4,075,000 shares of the company’s stock worth $97,596,000 after acquiring an additional 2,764,327 shares during the period.

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.