Central Bancompany (NASDAQ:CBC) Issues Quarterly Earnings Results

Central Bancompany (NASDAQ:CBC) posted its quarterly earnings results on Tuesday. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01), FiscalAI reports. The business had revenue of $285.43 million during the quarter.

Central Bancompany Price Performance

Central Bancompany stock opened at $35.25 on Thursday. The company has a market capitalization of $8.44 billion and a PE ratio of 25.18. Central Bancompany has a one year low of $21.99 and a one year high of $35.42. The business has a 50 day simple moving average of $32.46 and a 200 day simple moving average of $28.52.

Central Bancompany Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. Central Bancompany’s dividend payout ratio is presently 34.29%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CBC shares. Morgan Stanley lowered Central Bancompany from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $35.00 to $36.00 in a report on Tuesday, September 8th. Wall Street Zen lowered Central Bancompany from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Piper Sandler raised their target price on Central Bancompany from $37.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods lifted their price target on shares of Central Bancompany from $29.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $35.75.

Hedge Funds Weigh In On Central Bancompany

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CBC. North Reef Capital Management LP raised its stake 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 worth $97,596,000 after acquiring an additional 2,764,327 shares during the last quarter. Bank of America Corp DE raised its position in shares of Central Bancompany by 3,292.1% during the first quarter. Bank of America Corp DE now owns 128,220 shares of the company’s stock worth $3,071,000 after acquiring an additional 124,440 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Central Bancompany by 2.1% during the second quarter. Sequoia Financial Advisors LLC now owns 76,582 shares of the company’s stock worth $2,327,000 after acquiring an additional 1,582 shares during the last quarter. Quantinno Capital Management LP acquired a new position in shares of Central Bancompany during the first quarter valued at $1,942,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Central Bancompany during the second quarter valued at $1,243,000.

Central Bancompany Company Profile

Central Bancompany, Inc is a bank holding company headquartered in Jefferson City, Missouri. Through its banking subsidiaries, the company provides financial services to individuals, businesses and institutions, with a focus on community banking and relationship-based service.

Its offerings generally include personal and business deposit accounts, consumer and commercial lending, residential mortgages, treasury management, online and mobile banking, and other traditional banking services.