Central Bancompany (NASDAQ:CBC) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Central Bancompany (NASDAQ:CBC) from a sell rating to a hold rating in a research note issued to investors on Saturday.

A number of other analysts have also commented on CBC. Weiss Ratings lowered Central Bancompany from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Morgan Stanley decreased their price objective on Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Zacks Research lowered Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Stephens boosted their price objective on Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods boosted their price objective on Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.50.

Central Bancompany Price Performance

Shares of Central Bancompany stock opened at $27.09 on Friday. Central Bancompany has a one year low of $21.99 and a one year high of $27.35. The company has a 50-day moving average price of $24.59.

Central Bancompany (NASDAQ:CBC) last issued its earnings results on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $273.70 million during the quarter, compared to the consensus estimate of $267.74 million. Analysts expect that Central Bancompany will post 1.93 EPS for the current fiscal year.

Central Bancompany Dividend Announcement

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

Insider Buying and Selling at Central Bancompany

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

Hedge Funds Weigh In On Central Bancompany

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP purchased a new position in shares of Central Bancompany in the 4th quarter worth approximately $26,000. PNC Financial Services Group Inc. purchased a new position in shares of Central Bancompany in the 4th quarter worth approximately $51,000. Arax Advisory Partners purchased a new position in shares of Central Bancompany in the 4th quarter worth approximately $55,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Central Bancompany in the 4th quarter worth approximately $210,000. Finally, Summit Financial LLC purchased a new position in shares of Central Bancompany in the 4th quarter worth 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.