Jacobs Asset Management LLC acquired a new stake in shares of Central Bancompany (NASDAQ:CBC – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 110,000 shares of the company’s stock, valued at approximately $2,653,000. Central Bancompany accounts for 1.5% of Jacobs Asset Management LLC’s portfolio, making the stock its 24th biggest position.
Several other hedge funds have also recently added to or reduced their stakes in the business. Dockside LLC acquired a new position in Central Bancompany in the fourth quarter worth approximately $251,000. Eagle Bluffs Wealth Management LLC acquired a new position in Central Bancompany in the 4th quarter worth approximately $446,000. Arax Advisory Partners acquired a new position in Central Bancompany in the 4th quarter worth approximately $55,000. Marshall Wace LLP acquired a new position in Central Bancompany in the 4th quarter worth approximately $7,569,000. Finally, Soros Fund Management LLC acquired a new position in Central Bancompany in the 4th quarter worth approximately $2,673,000.
Analyst Ratings Changes
A number of equities research analysts have issued reports on CBC shares. Morgan Stanley decreased 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. Wall Street Zen upgraded shares of Central Bancompany from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Zacks Research downgraded shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Piper Sandler restated an “overweight” rating and set a $31.00 price target on shares of Central Bancompany in a report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.50.
Central Bancompany Trading Up 0.3%
Shares of CBC opened at $28.79 on Friday. Central Bancompany has a one year low of $21.99 and a one year high of $29.26. The stock has a fifty day moving average price of $26.81.
Central Bancompany (NASDAQ:CBC – Get Free Report) last announced its 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 firm had revenue of $273.71 million during the quarter, compared to the consensus estimate of $267.74 million. On average, research analysts expect that Central Bancompany will post 1.93 EPS for the current fiscal year.
Central Bancompany Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 22nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, May 22nd.
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.
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