Seven Grand Managers LLC Makes New Investment in Central Bancompany $CBC

Seven Grand Managers LLC purchased a new position in Central Bancompany (NASDAQ:CBC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 100,000 shares of the company’s stock, valued at approximately $2,412,000.

Several other institutional investors have also added to or reduced their stakes in CBC. Prime Capital Investment Advisors LLC bought a new position in Central Bancompany in the fourth quarter worth approximately $2,991,000. Massachusetts Financial Services Co. MA bought a new position in Central Bancompany in the fourth quarter worth approximately $31,779,000. PFG Investments LLC bought a new position in Central Bancompany in the fourth quarter worth approximately $264,000. Penobscot Investment Management Company Inc. bought a new position in Central Bancompany in the fourth quarter worth approximately $4,020,000. Finally, Atwood & Palmer Inc. bought a new position in Central Bancompany in the fourth quarter worth approximately $7,117,000.

Central Bancompany Stock Performance

Shares of CBC stock opened at $28.46 on Thursday. Central Bancompany has a one year low of $21.99 and a one year high of $29.07. The company’s fifty day moving average price is $25.73.

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

Central Bancompany Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 22nd will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, May 22nd.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CBC. Weiss Ratings upgraded shares of Central Bancompany from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, May 18th. Zacks Research downgraded shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Piper Sandler reiterated an “overweight” rating and issued a $31.00 price target on shares of Central Bancompany in a research report on Wednesday, April 29th. Stephens raised 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. Finally, Wall Street Zen downgraded shares of Central Bancompany from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. 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, Central Bancompany has an average rating of “Moderate Buy” and a consensus price target of $29.50.

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.