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

Central Bancompany (NASDAQ:CBC)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $32.31 and last traded at $32.2310, with a volume of 76094 shares changing hands. The stock had previously closed at $31.71.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CBC. Keefe, Bruyette & Woods upped their target price on shares of Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. Weiss Ratings cut Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Morgan Stanley boosted their price target on Central Bancompany from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Piper Sandler reissued an “overweight” rating and set a $31.00 price objective on shares of Central Bancompany in a report on Wednesday, April 29th. Finally, Zacks Research lowered shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $30.25.

Central Bancompany Trading Up 0.9%

The stock has a fifty day moving average of $29.46 and a two-hundred day moving average of $26.38. The stock has a market capitalization of $7.68 billion and a price-to-earnings ratio of 34.44.

Central Bancompany (NASDAQ:CBC) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $273.70 million during the quarter, compared to the consensus estimate of $267.74 million. Equities analysts expect that Central Bancompany will post 1.94 earnings per share for the current year.

Central Bancompany Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 22nd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, May 22nd. Central Bancompany’s dividend payout ratio is presently 51.61%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CBC. Prime Capital Investment Advisors LLC acquired a new stake in shares of Central Bancompany in the 4th quarter valued at $2,991,000. Massachusetts Financial Services Co. MA acquired a new stake in Central Bancompany in the fourth quarter worth about $31,779,000. PFG Investments LLC bought a new stake in Central Bancompany during the 4th quarter worth about $264,000. Penobscot Investment Management Company Inc. bought a new position in shares of Central Bancompany in the 4th quarter valued at about $4,020,000. Finally, Atwood & Palmer Inc. acquired a new stake in shares of Central Bancompany during the 4th quarter worth approximately $7,117,000.

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.