Central Bancompany (NASDAQ:CBC) Plans Quarterly Dividend of $0.12

Central Bancompany (NASDAQ:CBC – Get Free Report) announced a quarterly dividend on Monday, August 3rd. Shareholders of record on Friday, August 21st will be given a dividend of 0.12 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 21st.

Central Bancompany Price Performance

NASDAQ CBC opened at $33.36 on Wednesday. Central Bancompany has a 12 month low of $21.99 and a 12 month high of $33.76. The company has a 50-day moving average of $30.21 and a 200-day moving average of $26.87. The company has a market cap of $8.00 billion and a P/E ratio of 35.87.

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Central Bancompany (NASDAQ:CBC – Get Free Report) last released its 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. As a group, equities research analysts anticipate that Central Bancompany will post 1.94 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on CBC. Morgan Stanley increased their price target on shares of Central Bancompany from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Zacks Research cut shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Piper Sandler restated an “overweight” rating and set a $31.00 price objective on shares of Central Bancompany in a report on Wednesday, April 29th. Keefe, Bruyette & Woods increased their target price on Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings cut Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Central Bancompany currently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

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Central Bancompany Company Profile

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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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