Central Bancompany (NASDAQ:CBC) Hits New 1-Year High - Should You Buy?

Key Points

• Central Bancompany shares reached a new 52-week high, trading near $37.35 and well above their 50-day and 200-day moving averages of $32.73 and $28.71, respectively.
• Analyst sentiment is mixed: the stock carries a consensus “Hold” rating with an average price target of $35.75, although Piper Sandler raised its target to $40 and assigned an “overweight” rating.
• The company slightly missed quarterly earnings expectations, reporting $0.48 per share versus the $0.49 consensus estimate, while generating $285.43 million in revenue and maintaining a 34.30% net margin.

Shares of Central Bancompany (NASDAQ:CBC - Get Free Report) reached a new 52-week high on Tuesday. The company traded as high as $37.30 and last traded at $37.3450, with a volume of 55,109 shares changing hands. The stock had previously closed at $36.85.

Analysts Set New Price Targets

A number of research analysts recently commented on CBC shares. Morgan Stanley downgraded shares of Central Bancompany from an "overweight" rating to an "equal weight" rating and increased their price target for the company from $35.00 to $36.00 in a report on Tuesday, September 8th. Stephens downgraded shares of Central Bancompany from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $34.00 to $35.00 in a research note on Wednesday, August 5th. Weiss Ratings upgraded Central Bancompany from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 23rd. Wall Street Zen lowered shares of Central Bancompany from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Finally, Piper Sandler upped their target price on Central Bancompany from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, October 28th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $35.75.

Central Bancompany Stock Performance

The company has a 50 day moving average price of $32.73 and a two-hundred day moving average price of $28.71. The firm has a market capitalization of $8.87 billion and a price-to-earnings ratio of 19.69.

Central Bancompany (NASDAQ:CBC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.49 by ($0.01). Central Bancompany had a net margin of 34.30% and a return on equity of 11.74%. The firm had revenue of $285.43 million during the quarter. On average, equities analysts expect that Central Bancompany will post 1.90 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Central Bancompany

Several hedge funds have recently modified their holdings of CBC. Commonwealth Equity Services LLC increased its position in Central Bancompany by 14.1% during the third quarter. Commonwealth Equity Services LLC now owns 12,367 shares of the company's stock worth $386,000 after purchasing an additional 1,531 shares during the last quarter. State of Wyoming grew its position in shares of Central Bancompany by 100.8% during the 3rd quarter. State of Wyoming now owns 10,423 shares of the company's stock valued at $326,000 after buying an additional 5,233 shares during the last quarter. Signaturefd LLC boosted its stake in Central Bancompany by 85.4% during the 3rd quarter. Signaturefd LLC now owns 799 shares of the company's stock valued at $25,000 after purchasing an additional 368 shares during the period. Sterling Capital Management LLC lifted its position in Central Bancompany by 64.0% in the third quarter. Sterling Capital Management LLC now owns 887 shares of the company's stock worth $28,000 after purchasing an additional 346 shares during the period. Finally, Inspire Investing LLC bought a new stake in shares of Central Bancompany in the 3rd quarter worth approximately $393,000.

Central Bancompany Company Profile

Central Bancompany, Inc is a bank holding company headquartered in Jefferson City, Missouri. Through its banking subsidiaries, the company provides financial services to individuals, businesses and institutions, with a focus on community banking and relationship-based service.

Its offerings generally include personal and business deposit accounts, consumer and commercial lending, residential mortgages, treasury management, online and mobile banking, and other traditional banking services.

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