Central Bancompany (NASDAQ:CBC) Hits New 1-Year High – Should You Buy?

Central Bancompany (NASDAQ:CBC) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $25.52 and last traded at $25.4760, with a volume of 378681 shares traded. The stock had previously closed at $24.84.

Analyst Ratings Changes

CBC has been the subject of a number of recent research reports. Zacks Research raised Central Bancompany from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Morgan Stanley dropped their target price on Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Central Bancompany in a report on Wednesday, March 25th. Stephens started coverage on Central Bancompany in a report on Friday, March 27th. They issued an “overweight” rating and a $28.00 target price for the company. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Central Bancompany from $26.00 to $27.50 and gave the company a “market perform” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $28.63.

Central Bancompany Stock Performance

The business’s fifty day moving average price is $24.24.

Central Bancompany (NASDAQ:CBC) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $272.23 million during the quarter, compared to analyst estimates of $265.55 million.

Central Bancompany Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, February 20th.

Insider Activity at Central Bancompany

In other Central Bancompany news, CEO John Thomas Ross bought 40,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were bought at an average price of $24.50 per share, for a total transaction of $980,000.00. Following the completion of the acquisition, the chief executive officer owned 82,000 shares of the company’s stock, valued at approximately $2,009,000. This trade represents a 95.24% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Central Bancompany

Large investors have recently modified their holdings of the stock. CENTRAL TRUST Co acquired a new stake in shares of Central Bancompany in the fourth quarter valued at approximately $176,998,000. Champlain Investment Partners LLC acquired a new stake in shares of Central Bancompany in the fourth quarter valued at approximately $42,165,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Central Bancompany in the fourth quarter valued at approximately $40,790,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Central Bancompany in the fourth quarter valued at approximately $31,779,000. Finally, North Reef Capital Management LP acquired a new stake in shares of Central Bancompany in the fourth quarter valued at approximately $31,613,000.

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.