Central Bancompany (NASDAQ:CBC) Sets New 12-Month High – Still a Buy?

Central Bancompany (NASDAQ:CBC)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $32.00 and last traded at $31.9660, with a volume of 97026 shares changing hands. The stock had previously closed at $31.34.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Zacks Research lowered Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Morgan Stanley boosted their price target on Central Bancompany from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Keefe, Bruyette & Woods increased their price objective on shares of Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, April 29th. Piper Sandler reiterated an “overweight” rating and set a $31.00 price objective on shares of Central Bancompany in a research report on Wednesday, April 29th. Finally, Stephens 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, April 29th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Central Bancompany currently has an average rating of “Moderate Buy” and a consensus target price of $30.25.

Central Bancompany Stock Performance

The firm has a market capitalization of $7.70 billion and a PE ratio of 34.55. The company has a fifty day moving average price of $28.92 and a 200-day moving average price of $26.05.

Central Bancompany (NASDAQ:CBC) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. The business had revenue of $273.70 million during the quarter, compared to the consensus estimate of $267.74 million. On average, equities analysts predict that Central Bancompany will post 1.94 earnings per share for the current year.

Central Bancompany Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 22nd were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, May 22nd. Central Bancompany’s dividend payout ratio is currently 51.61%.

Institutional Investors Weigh In On Central Bancompany

Large investors have recently added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC bought a new position in Central Bancompany during the 4th quarter valued at about $2,991,000. CENTRAL TRUST Co purchased a new position in shares of Central Bancompany during the fourth quarter valued at approximately $176,998,000. Massachusetts Financial Services Co. MA bought a new position in shares of Central Bancompany during the fourth quarter valued at approximately $31,779,000. Delta Investment Management LLC bought a new position in shares of Central Bancompany during the fourth quarter valued at approximately $3,097,000. Finally, Atwood & Palmer Inc. purchased a new stake in shares of Central Bancompany in the fourth quarter worth approximately $7,117,000.

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.