Central Bancompany (NASDAQ:CBC) Stock Rated “Hold” by Wall Street Analysts

Shares of Central Bancompany (NASDAQ:CBC) have been given an average rating of “Hold” by the six brokerages that are currently covering the stock, Marketbeat 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 price objective among brokers that have covered the stock in the last year is $35.00.

Several analysts have commented on the company. Wall Street Zen cut Central Bancompany from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, August 24th. Piper Sandler boosted their target price on shares of Central Bancompany from $31.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Morgan Stanley lowered shares of Central Bancompany from an “overweight” rating to an “equal weight” rating and upped their price target for the stock from $35.00 to $36.00 in a research report on Tuesday, September 8th. Finally, Stephens reaffirmed an “equal weight” rating and set a $35.00 price target (up from $34.00) on shares of Central Bancompany in a research note on Wednesday, August 5th.

Central Bancompany Stock Up 2.0%

Shares of Central Bancompany stock opened at $32.00 on Friday. Central Bancompany has a fifty-two week low of $21.99 and a fifty-two week high of $33.82. The business’s fifty day moving average is $32.34 and its two-hundred day moving average is $28.95. The firm has a market cap of $7.66 billion and a PE ratio of 22.86.

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

Central Bancompany Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 21st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 21st. Central Bancompany’s dividend payout ratio (DPR) is 34.29%.

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 grew 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 during the period. Madison Avenue Partners LP purchased a new position in shares of Central Bancompany in the 4th quarter valued at $23,972,000. Azora Capital LP acquired a new position in shares of Central Bancompany during the 4th quarter valued at $14,031,000. Maltese Capital Management LLC acquired a new position in shares of Central Bancompany during the 4th quarter valued at $8,890,000. Finally, Endeavour Capital Advisors Inc. purchased a new stake in Central Bancompany during the 4th quarter worth $4,014,000.

About Central Bancompany

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.