Central Bancompany (CBC) – What Are Brokerages Saying About This Stock?

Central Bancompany (NASDAQ:CBC) has been given a consensus rating of “Hold” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $35.00.

Several research analysts have recently weighed in on the company. Wall Street Zen cut Central Bancompany from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Morgan Stanley lowered Central Bancompany from an “overweight” rating to an “equal weight” rating and lifted their target price for the company from $35.00 to $36.00 in a research report on Tuesday, September 8th. Stephens reissued an “equal weight” rating and issued a $35.00 target price (up from $34.00) on shares of Central Bancompany in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods boosted their target price 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, Piper Sandler upped their price target on Central Bancompany from $31.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th.

Central Bancompany Stock Down 3.1%

Shares of NASDAQ CBC opened at $32.40 on Tuesday. Central Bancompany has a 1-year low of $21.99 and a 1-year high of $33.82. The company has a fifty day moving average price of $32.25 and a 200 day moving average price of $29.95.

Central Bancompany (NASDAQ:CBC) last released its earnings results on Tuesday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $281.72 million during the quarter. As a group, sell-side analysts forecast that Central Bancompany will post 1.91 earnings per share for the current fiscal year.

Central Bancompany Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st were issued a $0.12 dividend. The ex-dividend date was Friday, August 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. Central Bancompany’s dividend payout ratio (DPR) is 34.29%.

Institutional Trading of Central Bancompany

A number of institutional investors have recently made changes to their positions in CBC. Bank of New York Mellon Corp bought a new stake in Central Bancompany during the 1st quarter worth about $797,000. North Reef Capital Management LP boosted its stake 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 during the last quarter. Bank of America Corp DE boosted its stake in shares of Central Bancompany by 3,292.1% during the 1st 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. Sei Investments Co. acquired a new position in shares of Central Bancompany during the 1st quarter worth about $1,219,000. Finally, AXQ Capital LP bought a new position in shares of Central Bancompany in the 2nd quarter valued at about $1,008,000.

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.