Central Bancompany (NASDAQ:CBC) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Central Bancompany has a consensus “Hold” rating from six analysts: four holds and two buys. The average 12-month price target is $35.00, modestly above the reported $31.67 share price.
• The company slightly missed quarterly earnings expectations, reporting $0.47 EPS versus the $0.48 consensus, while generating $281.72 million in revenue.
• Central Bancompany paid a quarterly dividend of $0.12, equivalent to $0.48 annually and a 1.5% yield; its stock has traded between $21.99 and $33.82 over the past year.

Shares of Central Bancompany (NASDAQ:CBC - Get Free Report) have received a consensus rating of "Hold" from the six brokerages that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $35.00.

A number of equities research analysts have issued reports on CBC shares. Wall Street Zen lowered shares of Central Bancompany from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Central Bancompany from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, August 24th. Stephens reissued an "equal weight" rating and set a $35.00 price objective (up from $34.00) on shares of Central Bancompany in a research report on Wednesday, August 5th. Piper Sandler lifted their price target on Central Bancompany from $31.00 to $37.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods boosted their price target on Central Bancompany from $29.00 to $32.00 and gave the company a "market perform" rating in a research note on Wednesday, August 5th.

Institutional Investors Weigh In On Central Bancompany

Institutional investors and hedge funds have recently modified their holdings of the business. California State Teachers Retirement System bought a new stake in Central Bancompany in the first quarter worth $26,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Central Bancompany in the second quarter worth about $169,000. Keel Point LLC bought a new stake in shares of Central Bancompany during the 1st quarter worth about $201,000. Dockside LLC acquired a new position in shares of Central Bancompany during the 4th quarter valued at about $251,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Central Bancompany during the 1st quarter valued at about $359,000.

Central Bancompany Price Performance

NASDAQ:CBC opened at $31.67 on Friday. The stock has a market cap of $7.59 billion and a PE ratio of 22.62. Central Bancompany has a fifty-two week low of $21.99 and a fifty-two week high of $33.82. The stock's 50-day moving average is $32.30 and its two-hundred day moving average is $28.69.

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

Central Bancompany Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 21st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, August 21st. Central Bancompany's payout ratio is currently 34.29%.

Central Bancompany Company Profile

Central Bancompany, Inc is a bank holding company headquartered in Jefferson City, Missouri. Through its subsidiary banking organizations, the company provides a range of financial services to individuals, families, businesses and institutions.

Its services generally include personal and business deposit accounts, residential and commercial lending, consumer loans, treasury and cash-management services, online and mobile banking, and related wealth-management and trust services. The company's community-banking model is designed to serve local customers through branch-based and digital banking channels.

Central Bancompany serves communities primarily in Missouri and surrounding Midwestern markets through its network of affiliated banks and financial-service offices.

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