Central Bancompany (NASDAQ:CBC) Hits New 12-Month High – Should You Buy?

Central Bancompany (NASDAQ:CBC) hit a new 52-week high on Thursday . The company traded as high as $32.00 and last traded at $31.9660, with a volume of 97026 shares changing hands. The stock had previously closed at $31.34.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CBC. Wall Street Zen raised Central Bancompany from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Stephens boosted their price objective on Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings lowered Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Piper Sandler reiterated an “overweight” rating and issued a $31.00 target price on shares of Central Bancompany in a research report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.25.

Central Bancompany Trading Down 1.1%

The firm has a market capitalization of $7.60 billion and a P/E ratio of 34.06. The business’s fifty day moving average is $29.10 and its 200 day moving average is $26.15.

Central Bancompany (NASDAQ:CBC) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $273.70 million during the quarter, compared to analyst estimates of $267.74 million. As a group, sell-side analysts predict 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 was paid on Monday, June 1st. Shareholders of record on Friday, May 22nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, May 22nd. Central Bancompany’s dividend payout ratio (DPR) is presently 51.61%.

Institutional Investors Weigh In On Central Bancompany

A number of large investors have recently made changes to their positions in the company. Keel Point LLC acquired a new position in Central Bancompany in the 1st quarter worth approximately $201,000. Bank of America Corp DE raised its stake in Central Bancompany by 3,292.1% during the 1st quarter. Bank of America Corp DE now owns 128,220 shares of the company’s stock valued at $3,071,000 after purchasing an additional 124,440 shares during the period. Alexander Labrunerie & CO. Inc. raised its stake in Central Bancompany by 7.1% during the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 22,633 shares of the company’s stock valued at $542,000 after purchasing an additional 1,508 shares during the period. California State Teachers Retirement System purchased a new stake in shares of Central Bancompany in the first quarter valued at $26,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Central Bancompany in the first quarter worth $1,942,000.

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.