Central Bancompany (NASDAQ:CBC) Given Average Rating of “Buy” by Analysts

Shares of Central Bancompany (NASDAQ:CBC) have been given a consensus rating of “Buy” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $28.6250.

A number of brokerages recently commented on CBC. Piper Sandler upped their price target on shares of Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Morgan Stanley lowered their target price on shares of Central Bancompany from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Tuesday. Stephens began coverage on Central Bancompany in a report on Friday, March 27th. They issued an “overweight” rating and a $28.00 price target for the company. Zacks Research upgraded Central Bancompany from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Central Bancompany in a research note on Wednesday, March 25th.

Insider Activity

In other news, CEO John Thomas Ross acquired 40,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of $24.50 per share, for a total transaction of $980,000.00. Following the completion of the transaction, the chief executive officer owned 82,000 shares of the company’s stock, valued at $2,009,000. The trade was a 95.24% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of Central Bancompany

Several institutional investors and hedge funds have recently bought and sold shares of the company. Prime Capital Investment Advisors LLC purchased a new position in shares of Central Bancompany during the 4th quarter valued at $2,991,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Central Bancompany in the fourth quarter worth $31,779,000. PFG Investments LLC purchased a new stake in shares of Central Bancompany in the fourth quarter worth $264,000. Penobscot Investment Management Company Inc. bought a new stake in Central Bancompany during the fourth quarter valued at $4,020,000. Finally, Atwood & Palmer Inc. purchased a new position in Central Bancompany during the fourth quarter worth about $7,117,000.

Central Bancompany Stock Down 1.9%

Shares of CBC stock opened at $24.09 on Friday. Central Bancompany has a 12-month low of $21.99 and a 12-month high of $25.50. The business’s 50 day moving average is $24.24.

Central Bancompany (NASDAQ:CBC) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $272.23 million for the quarter, compared to the consensus estimate of $265.55 million.

Central Bancompany Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 20th. This represents a $0.48 annualized dividend and a dividend yield of 2.0%.

Central Bancompany Company Profile

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.