Central Bancompany (NASDAQ:CBC) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Central Bancompany (NASDAQ:CBC) have been given an average rating of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $34.75.

CBC has been the subject of a number of research analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $35.00 target price (up from $34.00) on shares of Central Bancompany in a research report on Wednesday, August 5th. Morgan Stanley reiterated an “overweight” rating and issued a $35.00 price target on shares of Central Bancompany in a report on Wednesday, August 5th. Wall Street Zen downgraded Central Bancompany from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Keefe, Bruyette & Woods upped their target price on Central Bancompany from $29.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings upgraded Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 24th.

Central Bancompany Price Performance

Shares of CBC stock opened at $32.60 on Monday. The firm has a 50 day moving average of $31.81 and a 200-day moving average of $27.93. The company has a market cap of $7.81 billion and a price-to-earnings ratio of 23.29. Central Bancompany has a 52 week low of $21.99 and a 52 week high of $33.82.

Central Bancompany (NASDAQ:CBC) last released its earnings results on Tuesday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $281.72 million for the quarter. Analysts anticipate that Central Bancompany will post 1.91 earnings per share for the current year.

Central Bancompany Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 21st will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.48 annualized dividend and a yield of 1.5%. Central Bancompany’s dividend payout ratio (DPR) is presently 34.29%.

Institutional Trading of Central Bancompany

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new position in shares of Central Bancompany in the 1st quarter worth approximately $797,000. North Reef Capital Management LP grew its holdings in shares of Central Bancompany by 210.9% in the first quarter. North Reef Capital Management LP now owns 4,075,000 shares of the company’s stock valued at $97,596,000 after acquiring an additional 2,764,327 shares in the last quarter. CENTRAL TRUST Co purchased a new stake in shares of Central Bancompany during the fourth quarter valued at approximately $176,998,000. Delta Investment Management LLC bought a new stake in Central Bancompany during the fourth quarter worth $3,097,000. Finally, Sei Investments Co. bought a new stake in Central Bancompany during the first quarter worth $1,219,000.

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.