Central Bancompany (NASDAQ:CBC) Releases Quarterly Earnings Results

Central Bancompany (NASDAQ:CBC) issued its quarterly earnings results on Tuesday. The company reported $0.48 EPS for the quarter, FiscalAI reports. The business had revenue of $285.43 million for the quarter.

Central Bancompany Stock Up 0.5%

NASDAQ CBC opened at $34.83 on Tuesday. The business has a 50 day simple moving average of $32.32 and a 200 day simple moving average of $28.36. Central Bancompany has a one year low of $21.99 and a one year high of $35.12.

Central Bancompany Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 21st were given a dividend of $0.12 per share. The ex-dividend date was Friday, August 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.4%. Central Bancompany’s dividend payout ratio is presently 34.29%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Wall Street Zen downgraded Central Bancompany from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Stephens reaffirmed an “equal weight” rating and set a $35.00 target price (up from $34.00) on shares of Central Bancompany in a report on Wednesday, August 5th. Piper Sandler upped their price target on Central Bancompany from $31.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods increased their price target on Central Bancompany from $29.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, August 5th. Finally, Morgan Stanley cut Central Bancompany from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $35.00 to $36.00 in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.00.

Hedge Funds Weigh In On Central Bancompany

Several institutional investors have recently added to or reduced their stakes in CBC. North Reef Capital Management LP boosted its holdings in shares of 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 buying an additional 2,764,327 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Central Bancompany by 3,292.1% in the 1st quarter. Bank of America Corp DE now owns 128,220 shares of the company’s stock valued at $3,071,000 after acquiring an additional 124,440 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Central Bancompany during the 1st quarter valued at $1,942,000. Sei Investments Co. acquired a new position in shares of Central Bancompany during the 1st quarter valued at $1,219,000. Finally, Bank of New York Mellon Corp bought a new position in Central Bancompany during the second quarter worth $1,243,000.

About Central Bancompany

Central Bancompany, Inc is a bank holding company headquartered in Jefferson City, Missouri. Through its banking subsidiaries, the company provides financial services to individuals, businesses and institutions, with a focus on community banking and relationship-based service.

Its offerings generally include personal and business deposit accounts, consumer and commercial lending, residential mortgages, treasury management, online and mobile banking, and other traditional banking services.