Stephens reissued their equal weight rating on shares of Central Bancompany (NASDAQ:CBC – Free Report) in a report issued on Wednesday morning, Marketbeat reports. They currently have a $35.00 target price on the stock, up from their prior target price of $34.00.
Several other analysts also recently commented on CBC. Morgan Stanley raised their target price on Central Bancompany from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Zacks Research downgraded Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Piper Sandler reiterated an “overweight” rating and issued a $31.00 price target on shares of Central Bancompany in a report on Wednesday, April 29th. Wall Street Zen raised Central Bancompany from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Weiss Ratings downgraded Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.75.
View Our Latest Report on Central Bancompany
Central Bancompany Stock Up 0.6%
Central Bancompany (NASDAQ:CBC – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $281.72 million for the quarter. On average, analysts anticipate that Central Bancompany will post 1.92 EPS for the current fiscal year.
Central Bancompany Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Friday, August 21st will be paid a dividend of $0.12 per share. The ex-dividend date is Friday, August 21st. This represents a $0.48 annualized dividend and a yield of 1.4%. Central Bancompany’s dividend payout ratio (DPR) is 51.61%.
Institutional Trading of Central Bancompany
Several institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System purchased a new stake in shares of Central Bancompany during the first quarter valued at approximately $26,000. Quarry LP bought a new stake in Central Bancompany during the fourth quarter worth $26,000. Alexander Labrunerie & CO. Inc. boosted its position in 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. PNC Financial Services Group Inc. bought a new position in Central Bancompany in the 4th quarter valued at $51,000. Finally, Arax Advisory Partners bought a new position in Central Bancompany in the 4th quarter valued at $55,000.
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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