Azora Capital LP Takes $14.03 Million Position in Central Bancompany $CBC

Azora Capital LP purchased a new stake in Central Bancompany (NASDAQ:CBC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 581,710 shares of the company’s stock, valued at approximately $14,031,000. Central Bancompany accounts for 0.9% of Azora Capital LP’s investment portfolio, making the stock its 27th biggest position. Azora Capital LP owned about 0.24% of Central Bancompany at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CBC. Quarry LP acquired a new stake in Central Bancompany during the 4th quarter worth $26,000. PNC Financial Services Group Inc. acquired a new stake in Central Bancompany during the 4th quarter worth $51,000. Arax Advisory Partners acquired a new stake in Central Bancompany during the 4th quarter worth $55,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Central Bancompany during the 4th quarter worth $210,000. Finally, Summit Financial LLC acquired a new stake in Central Bancompany during the 4th quarter worth $243,000.

Analysts Set New Price Targets

Several brokerages recently commented on CBC. Weiss Ratings downgraded Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Zacks Research downgraded Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Stephens raised their price objective on Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Wall Street Zen raised Central Bancompany from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Morgan Stanley dropped their price objective on Central Bancompany from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Central Bancompany presently has an average rating of “Moderate Buy” and a consensus price target of $29.50.

Central Bancompany Stock Performance

CBC opened at $27.55 on Thursday. The firm has a 50-day moving average price of $27.03. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $29.26.

Central Bancompany (NASDAQ:CBC) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $273.71 million during the quarter, compared to the consensus estimate of $267.74 million. On average, analysts expect that Central Bancompany will post 1.93 EPS for the current fiscal year.

Central Bancompany Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 22nd were issued a $0.12 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 1.7%.

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.