Central Bancompany (NASDAQ:CBC) Sets New 1-Year High – Time to Buy?

Shares of Central Bancompany (NASDAQ:CBC) reached a new 52-week high on Wednesday . The stock traded as high as $29.28 and last traded at $29.28, with a volume of 18429 shares traded. The stock had previously closed at $28.98.

Analyst Ratings Changes

Several analysts have weighed in on CBC shares. Zacks Research cut shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Morgan Stanley lowered their target price on shares of Central Bancompany from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Piper Sandler reiterated an “overweight” rating and issued a $31.00 price target on shares of Central Bancompany in a research report on Wednesday, April 29th. Wall Street Zen raised Central Bancompany from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Weiss Ratings cut Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.50.

Central Bancompany Trading Down 0.5%

The company has a fifty day moving average of $27.52.

Central Bancompany (NASDAQ:CBC) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. The firm had revenue of $273.70 million for the quarter, compared to analyst estimates of $267.74 million. On average, equities analysts predict that Central Bancompany will post 1.93 earnings per share for the current year.

Central Bancompany Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 22nd were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, May 22nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CBC. CENTRAL TRUST Co bought a new stake in shares of Central Bancompany during the 4th quarter valued at approximately $176,998,000. North Reef Capital Management LP increased its holdings in shares of 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 in the last quarter. Champlain Investment Partners LLC bought a new position in shares of Central Bancompany in the 4th quarter valued at $42,165,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Central Bancompany during the 4th quarter valued at $40,790,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in Central Bancompany in the 4th quarter worth about $31,779,000.

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.