Eagle Bluffs Wealth Management LLC purchased a new stake in Central Bancompany (NASDAQ:CBC – Free Report) in the 4th quarter, Holdings Channel reports. The firm purchased 18,500 shares of the company’s stock, valued at approximately $446,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CENTRAL TRUST Co purchased a new stake in Central Bancompany in the 4th quarter valued at about $176,998,000. Champlain Investment Partners LLC purchased a new stake in Central Bancompany in the 4th quarter valued at about $42,165,000. Massachusetts Financial Services Co. MA purchased a new stake in Central Bancompany in the 4th quarter valued at about $31,779,000. Franklin Resources Inc. purchased a new stake in Central Bancompany in the 4th quarter valued at about $23,352,000. Finally, Marshall Wace LLP purchased a new stake in Central Bancompany in the 4th quarter valued at about $7,569,000.
Wall Street Analysts Forecast Growth
CBC has been the subject of a number of research reports. Zacks Research cut Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Wall Street Zen upgraded Central Bancompany from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Piper Sandler reiterated an “overweight” rating and set a $31.00 target price on shares of Central Bancompany in a report on Wednesday, April 29th. Morgan Stanley decreased their target price on Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Finally, Keefe, Bruyette & Woods boosted their target price on Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.50.
Central Bancompany Price Performance
Shares of NASDAQ:CBC opened at $28.79 on Friday. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $29.26. The business’s 50-day moving average price is $26.81.
Central Bancompany (NASDAQ:CBC – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.44 by $0.02. The company had revenue of $273.71 million for the quarter, compared to analyst estimates of $267.74 million. As a group, sell-side analysts forecast that Central Bancompany will post 1.93 EPS for the current year.
Central Bancompany Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.48 annualized dividend and a yield of 1.7%.
Central Bancompany 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.
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