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

Central Bancompany (NASDAQ:CBCGet Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $33.76 and last traded at $33.36, with a volume of 888055 shares traded. The stock had previously closed at $33.15.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CBC shares. Morgan Stanley boosted their price target on shares of Central Bancompany from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Piper Sandler reaffirmed an “overweight” rating and set a $31.00 price objective on shares of Central Bancompany in a research note on Wednesday, April 29th. Stephens lifted their target price on Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Weiss Ratings cut Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 15th. Finally, Keefe, Bruyette & Woods raised their price target 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. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.25.

Get Our Latest Stock Report on Central Bancompany

Central Bancompany Price Performance

The stock has a market cap of $8.00 billion and a P/E ratio of 35.87. The stock’s 50 day simple moving average is $30.21 and its two-hundred day simple moving average is $26.87.

Central Bancompany (NASDAQ:CBCGet Free Report) last issued its quarterly earnings data 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 firm had revenue of $281.72 million for the quarter. As a group, analysts forecast that Central Bancompany will post 1.94 earnings per share for the current fiscal year.

Central Bancompany Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 21st will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Friday, August 21st. Central Bancompany’s dividend payout ratio is 51.61%.

Institutional Trading of Central Bancompany

Institutional investors have recently modified their holdings of the company. Keel Point LLC acquired a new position in shares of Central Bancompany during the first quarter worth about $201,000. Bank of America Corp DE raised its position in 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 valued at $3,071,000 after buying an additional 124,440 shares during the last quarter. Alexander Labrunerie & CO. Inc. raised its position in Central Bancompany by 7.1% in the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 22,633 shares of the company’s stock valued at $542,000 after buying an additional 1,508 shares during the last quarter. California State Teachers Retirement System bought a new stake in Central Bancompany in the 1st quarter valued at approximately $26,000. Finally, Quantinno Capital Management LP bought a new stake in Central Bancompany in the 1st quarter valued at approximately $1,942,000.

Central Bancompany Company Profile

(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.

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