Sequoia Financial Advisors LLC Purchases New Position in Central Bancompany $CBC

Sequoia Financial Advisors LLC purchased a new stake in Central Bancompany (NASDAQ:CBC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 75,000 shares of the company’s stock, valued at approximately $1,809,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CENTRAL TRUST Co acquired a new position in Central Bancompany in the fourth quarter valued at approximately $176,998,000. Delta Investment Management LLC acquired a new position in Central Bancompany in the fourth quarter valued at approximately $3,097,000. Atwood & Palmer Inc. acquired a new position in Central Bancompany in the fourth quarter valued at $7,117,000. Penobscot Investment Management Company Inc. acquired a new position in Central Bancompany in the fourth quarter valued at $4,020,000. Finally, PFG Investments LLC acquired a new position in Central Bancompany in the fourth quarter valued at $264,000.

Central Bancompany Price Performance

Shares of CBC opened at $27.31 on Tuesday. Central Bancompany has a fifty-two week low of $21.99 and a fifty-two week high of $27.81. The business’s 50-day simple moving average is $24.87.

Central Bancompany (NASDAQ:CBC) last announced its earnings results on Tuesday, April 28th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. The business had revenue of $273.70 million for the quarter, compared to analyst estimates of $267.74 million. On average, sell-side analysts anticipate that Central Bancompany will post 1.93 EPS for the current year.

Central Bancompany Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 22nd will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 1.8%.

Wall Street Analyst Weigh In

CBC has been the subject of several research analyst reports. Stephens upped their price objective on shares of Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a research note 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 2nd. Keefe, Bruyette & Woods increased their price objective on Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, April 29th. Piper Sandler reissued an “overweight” rating and issued a $31.00 price objective on shares of Central Bancompany in a report on Wednesday, April 29th. Finally, Zacks Research downgraded Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company 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.