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

Shares of Central Bancompany (NASDAQ:CBC) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $30.25.

Several equities analysts have recently issued reports on the stock. Morgan Stanley lifted their target price on shares of Central Bancompany from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Wall Street Zen raised Central Bancompany from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Keefe, Bruyette & Woods lifted their price objective on Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. Stephens boosted their target price on Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Zacks Research cut Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th.

Central Bancompany Stock Performance

Shares of Central Bancompany stock opened at $31.46 on Friday. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $31.89. The company has a market cap of $7.54 billion and a price-to-earnings ratio of 33.83. The stock has a 50-day simple moving average of $28.17.

Central Bancompany (NASDAQ:CBC) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. The business had revenue of $273.70 million for the quarter, compared to the consensus estimate of $267.74 million. Equities analysts anticipate that Central Bancompany will post 1.93 EPS for the current fiscal year.

Central Bancompany Announces Dividend

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

Institutional Inflows and Outflows

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

Central Bancompany Company Profile

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.