Central Bancompany (NASDAQ:CBC) Reaches New 12-Month High – What’s Next?

Shares of Central Bancompany (NASDAQ:CBC) hit a new 52-week high on Monday . The stock traded as high as $26.27 and last traded at $26.2450, with a volume of 71744 shares changing hands. The stock had previously closed at $25.94.

Analyst Ratings Changes

Several brokerages have recently weighed in on CBC. Zacks Research cut shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Morgan Stanley lowered their price target on shares of Central Bancompany from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Central Bancompany in a research report on Wednesday, March 25th. Piper Sandler boosted their price target on shares of Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Finally, Stephens started coverage on shares of Central Bancompany in a report on Friday, March 27th. They issued an “overweight” rating and a $28.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.63.

Central Bancompany Trading Up 1.5%

The stock’s fifty day moving average price is $24.46.

Central Bancompany (NASDAQ:CBC) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $272.23 million during the quarter, compared to analysts’ expectations of $265.55 million. As a group, analysts forecast that Central Bancompany will post 1.87 EPS for the current year.

Central Bancompany Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, February 20th.

Insider Transactions at Central Bancompany

In other Central Bancompany news, CEO John Thomas Ross purchased 40,000 shares of the business’s stock in a transaction on Friday, February 6th. The shares were bought at an average cost of $24.50 per share, for a total transaction of $980,000.00. Following the completion of the purchase, the chief executive officer directly owned 82,000 shares of the company’s stock, valued at approximately $2,009,000. This trade represents a 95.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 65.90% of the company’s stock.

Institutional Trading of Central Bancompany

A number of institutional investors and hedge funds have recently bought and sold shares of CBC. Quarry LP purchased a new stake in Central Bancompany during the fourth quarter worth about $26,000. PNC Financial Services Group Inc. purchased a new stake in Central Bancompany during the fourth quarter worth about $51,000. Arax Advisory Partners purchased a new stake in Central Bancompany during the fourth quarter worth about $55,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Central Bancompany during the fourth quarter worth about $210,000. Finally, Summit Financial LLC purchased a new stake in Central Bancompany during the fourth quarter worth about $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.