Central Bancompany (NASDAQ:CBC) Hits New 52-Week High - What's Next?

Key Points

• New 52-week high: Central Bancompany hit a 52-week high of $27.35 (last $27.34) and carries a consensus analyst rating of "Moderate Buy" with an average target of $29.50 (three Buy, three Hold).
• Q1 beat: The company topped estimates with EPS of $0.46 versus $0.44 and revenue of $273.7M versus $267.7M, while analysts project roughly $1.93 in EPS for the year.
• Insider buying and dividend: CEO John Thomas Ross bought 40,000 shares at ~$24.50, raising his stake to 82,000 shares (a ~95% increase); insiders own 65.9% of the stock and the firm pays a $0.12 quarterly dividend (1.8% yield).

Central Bancompany (NASDAQ:CBC - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $27.35 and last traded at $27.3390, with a volume of 556099 shares. The stock had previously closed at $27.09.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Morgan Stanley dropped their target price on shares of Central Bancompany from $31.00 to $29.00 and set an "overweight" rating for the company in a research note on Tuesday, March 31st. Weiss Ratings downgraded shares of Central Bancompany from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, April 27th. Stephens boosted their target price on shares of Central Bancompany from $28.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday. Wall Street Zen raised shares of Central Bancompany from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Central Bancompany from $27.50 to $28.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $29.50.

Central Bancompany Trading Up 0.8%

The firm has a 50-day moving average of $24.59.

Central Bancompany (NASDAQ:CBC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. The business had revenue of $273.70 million for the quarter, compared to analyst estimates of $267.74 million. On average, equities research analysts expect that Central Bancompany will post 1.93 earnings per share for the current year.

Central Bancompany Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 20th. This represents a $0.48 annualized dividend and a dividend yield of 1.8%.

Insider Activity at Central Bancompany

In other Central Bancompany news, CEO John Thomas Ross purchased 40,000 shares of the stock in a transaction dated Friday, February 6th. The stock was bought at an average price of $24.50 per share, for a total transaction of $980,000.00. Following the transaction, the chief executive officer directly owned 82,000 shares in the company, valued at $2,009,000. This represents a 95.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 65.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Central Bancompany

Several institutional investors have recently modified their holdings of CBC. Prime Capital Investment Advisors LLC acquired a new stake in shares of Central Bancompany during the 4th quarter worth approximately $2,991,000. Massachusetts Financial Services Co. MA acquired a new position in Central Bancompany during the fourth quarter valued at approximately $31,779,000. PFG Investments LLC acquired a new position in Central Bancompany during the fourth quarter valued at approximately $264,000. Penobscot Investment Management Company Inc. acquired a new position in Central Bancompany during the fourth quarter valued at approximately $4,020,000. Finally, Atwood & Palmer Inc. acquired a new position in Central Bancompany during the fourth quarter valued at approximately $7,117,000.

Central Bancompany Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.