110,000 Shares in Central Bancompany $CBC Bought by Jacobs Asset Management LLC

Jacobs Asset Management LLC acquired a new position in shares of Central Bancompany (NASDAQ:CBC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 110,000 shares of the company’s stock, valued at approximately $2,653,000. Central Bancompany accounts for about 1.5% of Jacobs Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Dockside LLC bought a new position in shares of Central Bancompany during the 4th quarter worth about $251,000. Eagle Bluffs Wealth Management LLC bought a new position in shares of Central Bancompany during the 4th quarter worth about $446,000. Arax Advisory Partners bought a new position in shares of Central Bancompany during the 4th quarter worth about $55,000. Marshall Wace LLP bought a new position in shares of Central Bancompany during the 4th quarter worth about $7,569,000. Finally, Soros Fund Management LLC bought a new position in shares of Central Bancompany during the 4th quarter worth about $2,673,000.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CBC shares. Wall Street Zen upgraded shares of Central Bancompany from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Stephens lifted their target price 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. Keefe, Bruyette & Woods lifted their target price on shares of Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Piper Sandler reiterated an “overweight” rating and set a $31.00 target price on shares of Central Bancompany in a research report on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 1st. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.50.

Central Bancompany Trading Up 0.3%

NASDAQ:CBC opened at $28.79 on Friday. Central Bancompany has a 12 month low of $21.99 and a 12 month high of $29.26. The company has a 50-day moving average price of $26.81.

Central Bancompany (NASDAQ:CBC) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $273.71 million during the quarter, compared to analyst estimates of $267.74 million. Research analysts predict that Central Bancompany will post 1.93 earnings per share for the current fiscal year.

Central Bancompany Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 22nd were given a $0.12 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 1.7%.

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.