Seven Grand Managers LLC purchased a new stake in Central Bancompany (NASDAQ:CBC – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 100,000 shares of the company’s stock, valued at approximately $2,412,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC bought a new stake in Central Bancompany in the 4th quarter valued at $5,163,000. Endeavour Capital Advisors Inc. bought a new stake in Central Bancompany in the 4th quarter valued at $4,014,000. PNC Financial Services Group Inc. bought a new stake in Central Bancompany in the 4th quarter valued at $51,000. Allworth Financial LP bought a new stake in Central Bancompany in the 4th quarter valued at $3,913,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Central Bancompany in the 4th quarter valued at $1,809,000.
Central Bancompany Price Performance
Shares of NASDAQ:CBC opened at $28.46 on Thursday. Central Bancompany has a 52 week low of $21.99 and a 52 week high of $29.07. The business has a fifty day simple moving average of $25.73.
Central Bancompany Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 22nd will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on CBC shares. Piper Sandler reiterated an “overweight” rating and issued a $31.00 price target on shares of Central Bancompany in a report on Wednesday, April 29th. Zacks Research cut shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods lifted their price objective on shares of Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Morgan Stanley dropped their price objective 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. Finally, Stephens lifted their price objective on shares of Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.50.
Check Out Our Latest Report on CBC
About Central Bancompany
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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