Central Bancompany (NASDAQ:CBC) Receives Consensus Rating of “Hold” from Analysts

Central Bancompany (NASDAQ:CBC) has been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $35.00.

CBC has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 24th. Keefe, Bruyette & Woods lifted their price target 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. Stephens reiterated an “equal weight” rating and set a $35.00 price target (up from $34.00) on shares of Central Bancompany in a report on Wednesday, August 5th. Wall Street Zen downgraded shares of Central Bancompany from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Piper Sandler boosted their target price on shares of Central Bancompany from $31.00 to $37.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th.

Institutional Investors Weigh In On Central Bancompany

Institutional investors have recently added to or reduced their stakes in the company. North Reef Capital Management LP boosted its stake in Central Bancompany by 210.9% during the first quarter. North Reef Capital Management LP now owns 4,075,000 shares of the company’s stock worth $97,596,000 after buying an additional 2,764,327 shares in the last quarter. Madison Avenue Partners LP acquired a new position in Central Bancompany in the fourth quarter worth about $23,972,000. Azora Capital LP bought a new position in Central Bancompany during the fourth quarter worth about $14,031,000. Maltese Capital Management LLC acquired a new stake in Central Bancompany during the fourth quarter valued at approximately $8,890,000. Finally, Endeavour Capital Advisors Inc. acquired a new stake in Central Bancompany during the fourth quarter valued at approximately $4,014,000.

Central Bancompany Trading Up 0.9%

NASDAQ CBC opened at $31.67 on Friday. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $33.82. The company has a fifty day simple moving average of $32.30 and a 200 day simple moving average of $28.69. The company has a market cap of $7.59 billion and a P/E ratio of 22.62.

Central Bancompany (NASDAQ:CBC) last announced its earnings results on Tuesday, August 4th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $281.72 million for the quarter. Equities research analysts forecast that Central Bancompany will post 1.91 EPS for the current fiscal year.

Central Bancompany Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st were issued a dividend of $0.12 per share. The ex-dividend date was Friday, August 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. Central Bancompany’s payout ratio is presently 34.29%.

Central Bancompany Company Profile

Central Bancompany, Inc is a bank holding company headquartered in Jefferson City, Missouri. Through its subsidiary banking organizations, the company provides a range of financial services to individuals, families, businesses and institutions.

Its services generally include personal and business deposit accounts, residential and commercial lending, consumer loans, treasury and cash-management services, online and mobile banking, and related wealth-management and trust services. The company’s community-banking model is designed to serve local customers through branch-based and digital banking channels.

Central Bancompany serves communities primarily in Missouri and surrounding Midwestern markets through its network of affiliated banks and financial-service offices.