Central Bancompany (NASDAQ:CBC) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on Central Bancompany, split evenly between three buy and three hold ratings. The average 12-month price target is $34.75, with recent targets ranging from $35 to $37.
• CBC shares opened at $31.96, near their 52-week high of $33.82, while the company recently reported quarterly EPS of $0.47, slightly below the $0.48 consensus estimate, on revenue of $281.72 million.
• Central Bancompany declared a quarterly dividend of $0.12 per share, equivalent to an annualized $0.48 payout and a 1.5% dividend yield; several institutional investors also recently initiated or increased positions.

Shares of Central Bancompany (NASDAQ:CBC - Get Free Report) have received an average rating of "Moderate Buy" from the six ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $34.75.

CBC has been the subject of several research analyst reports. Piper Sandler lifted their price target on shares of Central Bancompany from $31.00 to $37.00 and gave the company an "overweight" rating in a research note on Wednesday, August 5th. Stephens reaffirmed 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. Wall Street Zen lowered Central Bancompany from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Weiss Ratings downgraded Central Bancompany from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, June 15th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $35.00 target price on shares of Central Bancompany in a report on Wednesday, August 5th.

Institutional Investors Weigh In On Central Bancompany

Several hedge funds and other institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System bought a new stake in Central Bancompany during the 1st quarter worth approximately $26,000. Quarry LP bought a new position in shares of Central Bancompany in the fourth quarter valued at approximately $26,000. Alexander Labrunerie & CO. Inc. boosted its position in shares of Central Bancompany by 7.1% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 22,633 shares of the company's stock valued at $542,000 after buying an additional 1,508 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in Central Bancompany during the fourth quarter worth $51,000. Finally, Arax Advisory Partners bought a new stake in Central Bancompany during the fourth quarter worth $55,000.

Central Bancompany Stock Performance

Shares of CBC stock opened at $31.96 on Monday. The company has a market cap of $7.65 billion and a P/E ratio of 22.83. Central Bancompany has a fifty-two week low of $21.99 and a fifty-two week high of $33.82. The stock has a 50 day simple moving average of $31.35 and a two-hundred day simple moving average of $27.65.

Central Bancompany (NASDAQ:CBC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $281.72 million for the quarter. On average, research analysts predict that Central Bancompany will post 1.91 earnings per share for the current year.

Central Bancompany Dividend Announcement

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

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.

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