Sei Investments Co. Invests $1.22 Million in Central Bancompany $CBC

Sei Investments Co. purchased a new stake in Central Bancompany (NASDAQ:CBC) in the 1st quarter, HoldingsChannel reports. The firm purchased 50,881 shares of the company’s stock, valued at approximately $1,219,000.

A number of other large investors also recently bought and sold shares of CBC. CENTRAL TRUST Co acquired a new stake in Central Bancompany in the fourth quarter valued at approximately $176,998,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Central Bancompany in the fourth quarter valued at approximately $31,779,000. Delta Investment Management LLC acquired a new position in shares of Central Bancompany during the 4th quarter worth approximately $3,097,000. Atwood & Palmer Inc. purchased a new position in shares of Central Bancompany during the 4th quarter valued at approximately $7,117,000. Finally, Penobscot Investment Management Company Inc. purchased a new position in shares of Central Bancompany during the 4th quarter valued at approximately $4,020,000.

Analyst Upgrades and Downgrades

CBC has been the subject of several recent analyst reports. Stephens reissued an “equal weight” rating and issued a $35.00 price target (up from $34.00) on shares of Central Bancompany in a report on Wednesday, August 5th. Piper Sandler increased their price objective on shares of Central Bancompany from $31.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods lifted their target price on shares of Central Bancompany from $29.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. Morgan Stanley reissued an “overweight” rating and set a $35.00 target price on shares of Central Bancompany in a research note on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.75.

Central Bancompany Stock Performance

NASDAQ CBC opened at $32.99 on Wednesday. The stock’s fifty day moving average is $30.70 and its two-hundred day moving average is $27.19. The firm has a market capitalization of $7.91 billion and a P/E ratio of 35.47. Central Bancompany has a fifty-two week low of $21.99 and a fifty-two week high of $33.82.

Central Bancompany (NASDAQ:CBC) last issued its earnings results on Tuesday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $281.72 million during the quarter. As a group, sell-side analysts forecast that Central Bancompany will post 1.92 EPS for the current year.

Central Bancompany Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. Central Bancompany’s dividend payout ratio is 51.61%.

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.