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

Central Bancompany (NASDAQ:CBC) has earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $30.25.

Several research firms recently weighed in on CBC. Morgan Stanley boosted their target price on Central Bancompany from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Wall Street Zen upgraded Central Bancompany from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Weiss Ratings lowered shares of Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Finally, Zacks Research lowered shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th.

Hedge Funds Weigh In On Central Bancompany

Several large investors have recently made changes to their positions in CBC. Prime Capital Investment Advisors LLC bought a new stake in Central Bancompany during the 4th quarter valued at approximately $2,991,000. Massachusetts Financial Services Co. MA bought a new position in Central Bancompany in the 4th quarter worth approximately $31,779,000. PFG Investments LLC acquired a new position in shares of Central Bancompany during the fourth quarter worth approximately $264,000. Penobscot Investment Management Company Inc. bought a new stake in shares of Central Bancompany in the fourth quarter valued at approximately $4,020,000. Finally, Atwood & Palmer Inc. bought a new stake in shares of Central Bancompany in the fourth quarter valued at approximately $7,117,000.

Central Bancompany Trading Up 0.7%

Shares of NASDAQ:CBC opened at $32.67 on Thursday. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $32.92. The firm has a fifty day moving average price of $29.85 and a 200 day moving average price of $26.62. The stock has a market capitalization of $7.83 billion and a PE ratio of 35.12.

Central Bancompany (NASDAQ:CBC) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $273.70 million during the quarter, compared to analyst estimates of $267.74 million. On average, sell-side analysts forecast that Central Bancompany will post 1.94 earnings per share for the current fiscal year.

Central Bancompany Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 22nd 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, May 22nd. Central Bancompany’s dividend payout ratio (DPR) is currently 51.61%.

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.