With 0.5 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.25 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $24.49 whereas the lowest price it dropped to was $23.44. The 52-week range on CBC shows that it touched its highest point at $25.00 and its lowest point at $9.80 during that stretch. It currently has a 1-year price target of $28.20. With its current market cap of 5.82 billion, CBC has annualized dividend of $0.17 while the current yield stands at 0.69%. Beta for the stock currently stands at -0.06.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CBC was down-trending over the past week, with a drop of -0.66%, but this was up by 3.34% over a month. Three-month performance surged to 26.96% while six-month performance rose 34.01%. The stock gained 78.68% in the past year, while it has gained 54.04% so far this year.
Float and Shares Shorts:
At present, 220.66 million CBC shares are outstanding with a float of 14.04 million shares on hand for trading. In addition to Mr. Sam Bryan Cook as the firm’s Executive Chairman, Mr. John T. Ross serves as its President, CEO & Director.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential. With CBC analysts setting a high price target of 31.0 and a low target of 26.0, the average target price over the next 12 months is 28.2. Based on these targets, CBC could surge 28.52% to reach the target high and rise by 7.79% to reach the target low. Reaching the average price target will result in a growth of 16.92% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Based on analyst estimates, the high estimate for the next quarter is $0.44 and the low estimate is $0.41. The average estimate for the next quarter is thus $0.42.
