Central Bancompany (NASDAQ:CBC) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Analyst consensus is “Hold”: Four of six analysts rate Central Bancompany shares a hold, while two recommend buying. The average 12-month price target is $35.00, modestly above the reported $32.56 share price.
• Central Bancompany reported quarterly EPS of $0.47, slightly below the $0.48 consensus estimate, on revenue of $281.72 million. Analysts expect full-year EPS of approximately $1.91.
• The company paid a quarterly dividend of $0.12, equivalent to $0.48 annually and a 1.5% yield, with a current payout ratio of 34.29%.

Central Bancompany (NASDAQ:CBC - Get Free Report) has been assigned an average rating of "Hold" from the six analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $35.00.

A number of equities research analysts have weighed in on CBC shares. Morgan Stanley cut shares of Central Bancompany from an "overweight" rating to an "equal weight" rating and upped their price objective for the stock from $35.00 to $36.00 in a report on Tuesday, September 8th. Wall Street Zen lowered shares of Central Bancompany from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Keefe, Bruyette & Woods boosted their price target on Central Bancompany from $29.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 5th. Stephens restated an "equal weight" rating and issued a $35.00 price target (up from $34.00) on shares of Central Bancompany in a research note on Wednesday, August 5th. Finally, Weiss Ratings lowered Central Bancompany from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday.

Central Bancompany Trading Up 0.4%

Shares of CBC stock opened at $32.56 on Tuesday. Central Bancompany has a 12 month low of $21.99 and a 12 month high of $33.82. The stock has a market cap of $7.80 billion and a PE ratio of 23.26. The company's fifty day moving average price is $32.29 and its 200-day moving average price is $29.63.

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

Central Bancompany Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st were 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 was Friday, August 21st. Central Bancompany's dividend payout ratio is currently 34.29%.

Hedge Funds Weigh In On Central Bancompany

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

About Central Bancompany

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

Its principal activities include accepting deposits and originating consumer, commercial and real estate loans. The company also offers related banking products and services such as checking and savings accounts, treasury management, online and mobile banking, wealth management and trust services.

Central Bancompany traces its banking operations to Central Bank, which was established in Missouri in the early 20th century.

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