Central Bancompany (NASDAQ:CBC) Receives $28.63 Average Price Target from Analysts

Central Bancompany (NASDAQ:CBC) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $28.6250.

Several equities research analysts recently issued reports on the stock. Morgan Stanley cut their target price on shares of Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Central Bancompany in a research note on Wednesday, March 25th. Stephens assumed coverage on shares of Central Bancompany in a research note on Friday, March 27th. They issued an “overweight” rating and a $28.00 target price for the company. Zacks Research downgraded shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Central Bancompany from $26.00 to $27.50 and gave the company a “market perform” rating in a research note on Wednesday, January 28th.

Central Bancompany Price Performance

Shares of NASDAQ:CBC opened at $25.63 on Tuesday. Central Bancompany has a 52-week low of $21.99 and a 52-week high of $26.25. The firm has a 50-day moving average price of $24.44.

Central Bancompany (NASDAQ:CBC) last issued its earnings results on Tuesday, January 27th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $272.23 million during the quarter, compared to analyst estimates of $265.55 million. On average, sell-side analysts expect that Central Bancompany will post 1.87 EPS for the current year.

Central Bancompany Announces Dividend

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

Insiders Place Their Bets

In related news, CEO John Thomas Ross purchased 40,000 shares of the 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 in the company, valued at $2,009,000. The trade was a 95.24% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 65.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Mendon Capital Advisors Corp bought a new position in Central Bancompany in the 4th quarter valued at about $4,727,000. XTX Topco Ltd bought a new position in Central Bancompany in the 4th quarter valued at about $282,000. Oxford Asset Management LLP bought a new position in Central Bancompany in the 4th quarter valued at about $738,000. Millennium Management LLC bought a new position in Central Bancompany in the 4th quarter valued at about $9,203,000. Finally, Madison Avenue Partners LP bought a new position in Central Bancompany in the 4th quarter valued at about $23,972,000.

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.