Eagle Bluffs Wealth Management LLC Invests $446,000 in Central Bancompany $CBC

Eagle Bluffs Wealth Management LLC acquired a new stake in Central Bancompany (NASDAQ:CBC) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 18,500 shares of the company’s stock, valued at approximately $446,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new stake in Central Bancompany in the fourth quarter valued at $176,998,000. Champlain Investment Partners LLC acquired a new stake in Central Bancompany in the fourth quarter valued at $42,165,000. Massachusetts Financial Services Co. MA acquired a new stake in Central Bancompany in the fourth quarter valued at $31,779,000. Franklin Resources Inc. acquired a new stake in Central Bancompany in the fourth quarter valued at $23,352,000. Finally, Marshall Wace LLP acquired a new stake in Central Bancompany in the fourth quarter valued at $7,569,000.

Central Bancompany Price Performance

Central Bancompany stock opened at $28.79 on Friday. The stock’s 50-day moving average is $26.81. Central Bancompany has a 52 week low of $21.99 and a 52 week high of $29.26.

Central Bancompany (NASDAQ:CBC) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The company had revenue of $273.71 million for the quarter, compared to analysts’ expectations of $267.74 million. As a group, sell-side analysts forecast that Central Bancompany will post 1.93 earnings per share for the current year.

Central Bancompany Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders 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 yield of 1.7%.

Wall Street Analyst Weigh In

CBC has been the subject of a number of recent analyst reports. Weiss Ratings raised Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, June 1st. Stephens raised their target price on Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Wall Street Zen raised Central Bancompany from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Morgan Stanley reduced their target price on Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Finally, Keefe, Bruyette & Woods raised their target price on Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Central Bancompany currently has a consensus rating of “Moderate Buy” and a consensus target price 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.