Shares of Central Bancompany (NASDAQ:CBC – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $27.75 and last traded at $27.4270, with a volume of 73673 shares traded. The stock had previously closed at $27.27.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the stock. Piper Sandler restated an “overweight” rating and set a $31.00 price objective on shares of Central Bancompany in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods raised their price objective on shares of Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Zacks Research downgraded shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Wall Street Zen upgraded shares of Central Bancompany from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Morgan Stanley dropped their price target on shares of Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Central Bancompany presently has a consensus rating of “Moderate Buy” and an average target price of $29.50.
View Our Latest Research Report on CBC
Central Bancompany Trading Down 0.1%
Central Bancompany (NASDAQ:CBC – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $273.70 million during the quarter, compared to analyst estimates of $267.74 million. On average, equities research analysts expect that Central Bancompany will post 1.93 EPS for the current fiscal year.
Central Bancompany Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 22nd will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, May 22nd.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new position in Central Bancompany in the fourth quarter valued at approximately $26,000. PNC Financial Services Group Inc. bought a new position in Central Bancompany in the fourth quarter valued at approximately $51,000. Arax Advisory Partners bought a new position in Central Bancompany in the fourth quarter valued at approximately $55,000. Northwestern Mutual Wealth Management Co. bought a new position in Central Bancompany in the fourth quarter valued at approximately $210,000. Finally, Summit Financial LLC bought a new position in Central Bancompany in the fourth quarter valued at approximately $243,000.
About Central Bancompany
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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