Allworth Financial LP Makes New Investment in Central Bancompany $CBC

Allworth Financial LP acquired a new position in Central Bancompany (NASDAQ:CBC) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 162,250 shares of the company’s stock, valued at approximately $3,913,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. PFG Investments LLC bought a new stake in shares of Central Bancompany in the 4th quarter valued at about $264,000. Sequoia Financial Advisors LLC bought a new stake in shares of Central Bancompany in the 4th quarter valued at about $1,809,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Central Bancompany in the 4th quarter valued at about $2,991,000. Delta Investment Management LLC bought a new stake in shares of Central Bancompany in the 4th quarter valued at about $3,097,000. Finally, Penobscot Investment Management Company Inc. bought a new stake in shares of Central Bancompany in the 4th quarter valued at about $4,020,000.

Analyst Ratings Changes

Several equities research analysts have recently commented on CBC shares. Stephens boosted their price target on shares of Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Wall Street Zen downgraded shares of Central Bancompany from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research downgraded shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Finally, Morgan Stanley cut their price objective on shares of Central Bancompany from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $29.50.

Central Bancompany Trading Down 1.0%

Shares of NASDAQ CBC opened at $26.60 on Friday. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $27.81. The business’s fifty day moving average price is $25.08.

Central Bancompany (NASDAQ:CBC) last issued its 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 business had revenue of $273.71 million during the quarter, compared to analyst estimates of $267.74 million. On average, research analysts anticipate that Central Bancompany will post 1.93 EPS for the current year.

Central Bancompany Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors 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 yield of 1.8%. The ex-dividend date is Friday, May 22nd.

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.