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

Shares of Central Bancompany (NASDAQ:CBC) have earned a consensus rating of “Buy” from the five research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $28.50.

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Central Bancompany to a “hold” rating in a report on Saturday, January 3rd. Piper Sandler upped their target price on shares of Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Zacks Research raised Central Bancompany from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Central Bancompany in a research note on Wednesday. Finally, 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.

Central Bancompany Trading Down 0.7%

Shares of NASDAQ CBC traded down $0.17 during midday trading on Friday, hitting $23.76. 70,984 shares of the company’s stock were exchanged, compared to its average volume of 389,031. Central Bancompany has a 12-month low of $21.99 and a 12-month high of $25.50. The firm has a fifty day moving average price of $24.27.

Central Bancompany (NASDAQ:CBC) last announced its earnings results on Tuesday, January 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $272.23 million during the quarter, compared to analysts’ expectations of $265.55 million.

Central Bancompany Dividend Announcement

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

Insider Transactions at Central Bancompany

In other Central Bancompany news, CEO John Thomas Ross purchased 40,000 shares of Central Bancompany stock in a transaction on Friday, February 6th. The shares were acquired at an average cost of $24.50 per share, for a total transaction of $980,000.00. Following the completion of the transaction, the chief executive officer directly owned 82,000 shares of the company’s stock, valued at approximately $2,009,000. The trade was a 95.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Central Bancompany

Institutional investors have recently made changes to their positions in the business. CENTRAL TRUST Co bought a new position in shares of Central Bancompany during the 4th quarter valued at $176,998,000. Champlain Investment Partners LLC purchased a new stake in Central Bancompany during the fourth quarter valued at about $42,165,000. Price T Rowe Associates Inc. MD bought a new position in shares of Central Bancompany during the fourth quarter valued at about $40,790,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Central Bancompany in the fourth quarter worth about $31,779,000. Finally, North Reef Capital Management LP purchased a new position in shares of Central Bancompany in the fourth quarter worth about $31,613,000.

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.