Central Bancompany (NASDAQ:CBC) Price Target Raised to $40.00

Central Bancompany (NASDAQ:CBC) had its price target hoisted by Piper Sandler from $37.00 to $40.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research firms have also commented on CBC. Morgan Stanley lowered shares of Central Bancompany from an “overweight” rating to an “equal weight” rating and upped their price objective for the company from $35.00 to $36.00 in a research note on Tuesday, September 8th. Keefe, Bruyette & Woods lifted their target price on shares of Central Bancompany from $29.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of Central Bancompany from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Finally, Stephens downgraded shares of Central Bancompany from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $34.00 to $35.00 in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $35.75.

Central Bancompany Stock Performance

Shares of NASDAQ:CBC opened at $35.92 on Wednesday. The company has a market capitalization of $8.60 billion and a PE ratio of 19.07. The stock has a fifty day moving average of $32.63 and a 200-day moving average of $28.64. Central Bancompany has a one year low of $21.99 and a one year high of $36.12.

Central Bancompany (NASDAQ:CBC) last released its quarterly earnings results on Tuesday, October 27th. The company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The company had revenue of $285.43 million during the quarter. Central Bancompany had a net margin of 34.30% and a return on equity of 11.74%. As a group, research analysts forecast that Central Bancompany will post 1.90 EPS for the current fiscal year.

Central Bancompany Dividend Announcement

The firm also recently declared 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. This represents a $0.48 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 21st. Central Bancompany’s payout ratio is presently 34.29%.

Institutional Investors Weigh In On Central Bancompany

Hedge funds have recently bought and sold shares of the business. North Reef Capital Management LP boosted its holdings in shares of Central Bancompany by 210.9% during 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 period. Bank of America Corp DE increased its stake in 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 buying an additional 124,440 shares during the period. Quantinno Capital Management LP acquired a new position in Central Bancompany in the 1st quarter valued at approximately $1,942,000. Sei Investments Co. acquired a new position in Central Bancompany in the 1st quarter valued at approximately $1,219,000. Finally, Bank of New York Mellon Corp purchased a new stake in Central Bancompany in the 2nd quarter worth approximately $1,243,000.

Central Bancompany Company Profile

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.