Sei Investments Co. purchased a new position in Central Bancompany (NASDAQ:CBC – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 50,881 shares of the company’s stock, valued at approximately $1,219,000.
Other large investors have also modified their holdings of the company. Quarry LP purchased a new position in shares of Central Bancompany in the 4th quarter valued at approximately $26,000. PNC Financial Services Group Inc. acquired a new stake in Central Bancompany in the 4th quarter worth approximately $51,000. Arax Advisory Partners purchased a new stake in Central Bancompany during the 4th quarter worth approximately $55,000. Northwestern Mutual Wealth Management Co. acquired a new position in Central Bancompany during the 4th quarter valued at approximately $210,000. Finally, Summit Financial LLC purchased a new position in shares of Central Bancompany in the fourth quarter worth $243,000.
Central Bancompany Trading Down 0.2%
Shares of CBC stock opened at $32.99 on Wednesday. The stock has a 50 day moving average of $30.70 and a 200 day moving average of $27.19. The stock has a market cap of $7.91 billion and a P/E ratio of 35.47. Central Bancompany has a twelve month low of $21.99 and a twelve month high of $33.82.
Central Bancompany Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 21st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, August 21st. Central Bancompany’s payout ratio is currently 51.61%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on CBC shares. Wall Street Zen lowered shares of Central Bancompany from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings cut Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Stephens reiterated an “equal weight” rating and set a $35.00 price target (up from $34.00) on shares of Central Bancompany in a research note on Wednesday, August 5th. Morgan Stanley restated an “overweight” rating and issued a $35.00 price objective on shares of Central Bancompany in a research note on Wednesday, August 5th. Finally, Piper Sandler lifted their target price on Central Bancompany from $31.00 to $37.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Central Bancompany has a consensus rating of “Moderate Buy” and a consensus price target of $34.75.
Get Our Latest Stock Report on Central Bancompany
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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