Azora Capital LP acquired a new stake in Central Bancompany (NASDAQ:CBC – Free Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 581,710 shares of the company’s stock, valued at approximately $14,031,000. Central Bancompany comprises approximately 0.9% of Azora Capital LP’s investment portfolio, making the stock its 27th biggest position.
Several other hedge funds also recently modified their holdings of CBC. Quarry LP bought a new position in shares of Central Bancompany in the 4th quarter valued at about $26,000. PNC Financial Services Group Inc. bought a new position in Central Bancompany during the fourth quarter worth about $51,000. Arax Advisory Partners bought a new position in Central Bancompany during the fourth quarter worth about $55,000. Northwestern Mutual Wealth Management Co. bought a new position in Central Bancompany during the fourth quarter worth about $210,000. Finally, Summit Financial LLC bought a new position in Central Bancompany during the fourth quarter worth about $243,000.
Central Bancompany Price Performance
Shares of NASDAQ:CBC opened at $27.55 on Thursday. Central Bancompany has a 12-month low of $21.99 and a 12-month high of $29.26. The stock’s 50 day moving average price is $27.03.
Central Bancompany Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Friday, May 22nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, May 22nd.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CBC. Morgan Stanley reduced their price target on Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Piper Sandler reiterated an “overweight” rating and set a $31.00 price target on shares of Central Bancompany in a report on Wednesday, April 29th. Stephens increased their price objective on shares of Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Central Bancompany from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Keefe, Bruyette & Woods raised their target price 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. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.50.
View Our Latest Stock 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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