Central Bancompany (NASDAQ:CBC) Price Target Raised to $37.00

Central Bancompany (NASDAQ:CBC) had its price objective hoisted by Piper Sandler from $31.00 to $37.00 in a research note published on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts also recently commented on CBC. Weiss Ratings downgraded Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Keefe, Bruyette & Woods raised 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. Wall Street Zen raised shares of Central Bancompany from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Zacks Research downgraded shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Finally, Morgan Stanley restated an “overweight” rating and set a $35.00 price objective on shares of Central Bancompany in a report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $34.75.

Central Bancompany Price Performance

Shares of CBC opened at $33.51 on Wednesday. The company has a market capitalization of $8.03 billion and a PE ratio of 36.03. Central Bancompany has a one year low of $21.99 and a one year high of $33.82. The company’s fifty day moving average price is $30.50 and its 200 day moving average price is $27.05.

Central Bancompany (NASDAQ:CBC) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $281.72 million during the quarter. Analysts anticipate that Central Bancompany will post 1.92 earnings per share for the current year.

Central Bancompany Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 21st will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, August 21st. Central Bancompany’s dividend payout ratio is presently 51.61%.

Institutional Investors Weigh In On Central Bancompany

A number of institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System acquired a new position in shares of Central Bancompany in the 1st quarter valued at $26,000. Quarry LP bought a new stake in Central Bancompany in the fourth quarter valued at about $26,000. PNC Financial Services Group Inc. acquired a new position in Central Bancompany in the fourth quarter worth about $51,000. Arax Advisory Partners acquired a new position in Central Bancompany in the fourth quarter worth about $55,000. Finally, Public Employees Retirement System of Ohio bought a new position in Central Bancompany during the first quarter worth about $137,000.

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.