20,000 Shares of Central Bancompany $CBC Purchased by Walker Asset Management LLC

Walker Asset Management LLC purchased a new stake in Central Bancompany (NASDAQ:CBC) in the third quarter, HoldingsChannel reports. The fund purchased 20,000 shares of the company’s stock, valued at approximately $625,000.

A number of other institutional investors have also recently made changes to their positions in CBC. Sequoia Financial Advisors LLC increased its stake in Central Bancompany by 2.1% during the second quarter. Sequoia Financial Advisors LLC now owns 76,582 shares of the company’s stock worth $2,327,000 after acquiring an additional 1,582 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Central Bancompany in the 2nd quarter valued at approximately $575,000. AXQ Capital LP bought a new stake in shares of Central Bancompany in the 2nd quarter valued at approximately $1,008,000. Public Employees Retirement System of Ohio purchased a new position in shares of Central Bancompany in the 2nd quarter worth approximately $169,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Central Bancompany in the 2nd quarter worth approximately $1,243,000.

Central Bancompany Price Performance

Shares of NASDAQ CBC opened at $32.43 on Wednesday. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $33.82. The firm has a 50-day simple moving average of $32.27 and a two-hundred day simple moving average of $29.69.

Central Bancompany (NASDAQ:CBC) last announced its earnings results on Tuesday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The business had revenue of $281.72 million during the quarter. On average, sell-side analysts expect that Central Bancompany will post 1.91 EPS for the current fiscal year.

Central Bancompany Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Friday, August 21st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 21st. Central Bancompany’s dividend payout ratio (DPR) is currently 34.29%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CBC shares. Wall Street Zen downgraded Central Bancompany from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Morgan Stanley downgraded Central Bancompany from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $35.00 to $36.00 in a research report on Tuesday, September 8th. Weiss Ratings downgraded Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Stephens reaffirmed an “equal weight” rating and set a $35.00 price objective (up from $34.00) on shares of Central Bancompany in a research note on Wednesday, August 5th. Finally, Piper Sandler boosted their price objective on shares of Central Bancompany from $31.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.00.

Central Bancompany Company Profile

Central Bancompany, Inc is a bank holding company headquartered in Jefferson City, Missouri. Through its banking subsidiaries, the company provides financial services to individuals, families, businesses and organizations.

Its principal activities include accepting deposits and originating consumer, commercial and real estate loans. The company also offers related banking products and services such as checking and savings accounts, treasury management, online and mobile banking, wealth management and trust services.

Central Bancompany traces its banking operations to Central Bank, which was established in Missouri in the early 20th century.