Central Bancompany (NASDAQ:CBC) Posts Earnings Results, Misses Estimates By $0.01 EPS

Central Bancompany (NASDAQ:CBCGet Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01), FiscalAI reports. The business had revenue of $281.72 million for the quarter.

Central Bancompany Price Performance

CBC stock traded down $0.06 during trading on Thursday, hitting $33.01. 77,534 shares of the stock traded hands, compared to its average volume of 587,050. The stock has a market cap of $7.92 billion and a price-to-earnings ratio of 35.46. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $33.82. The firm’s 50 day moving average is $30.30 and its two-hundred day moving average is $26.94.

Central Bancompany Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 21st will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. Central Bancompany’s dividend payout ratio is 51.61%.

Institutional Investors Weigh In On Central Bancompany

Several institutional investors and hedge funds have recently made changes to their positions in CBC. Keel Point LLC purchased a new position in Central Bancompany in the 1st quarter worth approximately $201,000. Bank of America Corp DE increased its holdings in shares of Central Bancompany by 3,292.1% in the 1st quarter. Bank of America Corp DE now owns 128,220 shares of the company’s stock worth $3,071,000 after purchasing an additional 124,440 shares in the last quarter. Alexander Labrunerie & CO. Inc. raised its stake in shares of Central Bancompany by 7.1% in the first quarter. Alexander Labrunerie & CO. Inc. now owns 22,633 shares of the company’s stock worth $542,000 after purchasing an additional 1,508 shares during the last quarter. California State Teachers Retirement System bought a new position in shares of Central Bancompany during the first quarter valued at $26,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Central Bancompany during the first quarter valued at $1,942,000.

Key Central Bancompany News

Here are the key news stories impacting Central Bancompany this week:

  • Positive Sentiment: Central Bancompany authorized a new $100 million share-repurchase program. Management described the buybacks as opportunistic, which could support earnings per share and provide demand for the stock. Central Bancompany reports second-quarter results and authorizes share repurchase
  • Positive Sentiment: Piper Sandler raised its price target from $31 to $37 and maintained an “overweight” rating, implying additional upside based on the referenced share price. Piper Sandler raises Central Bancompany price target
  • Positive Sentiment: The company declared its regular $0.12 quarterly dividend, payable September 1 to shareholders of record August 21. The annualized payout is approximately $0.48 per share, or a roughly 1.5% yield. Central Bancompany dividend announcement
  • Neutral Sentiment: Stephens reaffirmed its “equal weight” rating while increasing its target from $34 to $35, indicating modest expected appreciation rather than a strong bullish view. Stephens updates Central Bancompany price target
  • Neutral Sentiment: Keefe, Bruyette & Woods lifted its target from $29 to $32 but retained a “market perform” rating; the revised target remained below the referenced market price. KBW updates Central Bancompany price target
  • Negative Sentiment: Second-quarter earnings were slightly below consensus, with earnings per share of $0.47 versus the $0.48 estimate. The small miss may limit enthusiasm despite reported earnings momentum and the capital-return announcements. Central Bancompany second-quarter earnings

Analyst Upgrades and Downgrades

CBC has been the subject of several research analyst reports. Piper Sandler raised their price objective on shares of Central Bancompany from $31.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday. Wall Street Zen upgraded Central Bancompany from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Stephens reiterated an “equal weight” rating and issued a $35.00 price objective (up from $34.00) on shares of Central Bancompany in a report on Wednesday. Keefe, Bruyette & Woods raised their price objective on Central Bancompany from $29.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Weiss Ratings downgraded shares of Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.75.

Check Out Our Latest Report on CBC

About Central Bancompany

(Get Free Report)

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.

See Also

Receive News & Ratings for Central Bancompany Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Bancompany and related companies with MarketBeat.com's FREE daily email newsletter.