Central Bancompany (NASDAQ:CBC) Receives $28.50 Average Price Target from Analysts

Shares of Central Bancompany (NASDAQ:CBC) have earned an average rating of “Buy” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $28.50.

A number of brokerages have recently commented on CBC. Zacks Research upgraded Central Bancompany from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Central Bancompany in a research report on Wednesday. Wall Street Zen cut Central Bancompany from a “hold” rating to a “sell” rating in a report on Saturday. Keefe, Bruyette & Woods increased their target price on Central Bancompany from $26.00 to $27.50 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Finally, Stephens began coverage on Central Bancompany in a report on Friday. They set an “overweight” rating and a $28.00 price target on the stock.

Central Bancompany Price Performance

CBC stock opened at $23.75 on Friday. The stock’s 50 day moving average is $24.27. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $25.50.

Central Bancompany (NASDAQ:CBC) last issued its earnings results on Tuesday, January 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $272.23 million during the quarter, compared to analyst estimates of $265.55 million.

Central Bancompany Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 20th were given a dividend of $0.12 per share. The ex-dividend date was Friday, February 20th. This represents a $0.48 annualized dividend and a yield of 2.0%.

Insiders Place Their Bets

In other Central Bancompany news, CEO John Thomas Ross bought 40,000 shares of Central Bancompany stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of $24.50 per share, with a total value of $980,000.00. Following the acquisition, the chief executive officer directly owned 82,000 shares of the company’s stock, valued at $2,009,000. The trade was a 95.24% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Central Bancompany

Several large investors have recently modified their holdings of CBC. Quarry LP acquired a new position in shares of Central Bancompany during the fourth quarter worth $26,000. PNC Financial Services Group Inc. acquired a new stake in Central Bancompany in the fourth quarter valued at $51,000. Arax Advisory Partners bought a new position in Central Bancompany during the 4th quarter worth $55,000. Northwestern Mutual Wealth Management Co. bought a new position in Central Bancompany during the 4th quarter worth $210,000. Finally, Summit Financial LLC acquired a new position in Central Bancompany during the 4th quarter worth about $243,000.

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.