Central Bancompany (NASDAQ:CBC) Given Average Recommendation of “Moderate Buy” by Brokerages

Central Bancompany (NASDAQ:CBC) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $29.50.

CBC has been the subject of several analyst reports. Stephens increased 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. Wall Street Zen lowered Central Bancompany from a “hold” rating to a “sell” rating in a research report on Saturday. Piper Sandler reiterated an “overweight” rating and issued a $31.00 price objective on shares of Central Bancompany in a research report on Wednesday, April 29th. Zacks Research lowered Central Bancompany from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, Weiss Ratings lowered Central Bancompany from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 27th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new position in Central Bancompany in the fourth quarter worth approximately $26,000. PNC Financial Services Group Inc. purchased a new position in shares of Central Bancompany during the fourth quarter worth $51,000. Arax Advisory Partners purchased a new position in shares of Central Bancompany during the fourth quarter worth $55,000. Public Employees Retirement System of Ohio purchased a new position in shares of Central Bancompany during the first quarter worth $137,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Central Bancompany during the fourth quarter worth $210,000.

Central Bancompany Stock Down 1.0%

NASDAQ:CBC opened at $26.60 on Friday. Central Bancompany has a one year low of $21.99 and a one year high of $27.81. The firm has a 50 day moving average of $25.08.

Central Bancompany (NASDAQ:CBC) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $273.71 million during the quarter, compared to analyst estimates of $267.74 million. As a group, equities research analysts anticipate that Central Bancompany will post 1.93 earnings per share for the current year.

Central Bancompany Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 22nd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, May 22nd.

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.