CENTRAL TRUST Co Decreases Stock Position in Central Bancompany $CBC

CENTRAL TRUST Co decreased its position in shares of Central Bancompany (NASDAQ:CBC) by 2.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,159,791 shares of the company’s stock after selling 178,446 shares during the quarter. Central Bancompany makes up 3.4% of CENTRAL TRUST Co’s holdings, making the stock its 5th largest holding. CENTRAL TRUST Co’s holdings in Central Bancompany were worth $171,477,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of CBC. Quarry LP bought a new stake in Central Bancompany during the fourth quarter valued at about $26,000. PNC Financial Services Group Inc. purchased a new position in shares of Central Bancompany in the fourth quarter valued at about $51,000. Arax Advisory Partners bought a new position in shares of Central Bancompany in the fourth quarter worth about $55,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Central Bancompany during the fourth quarter worth about $210,000. Finally, Summit Financial LLC bought a new stake in Central Bancompany during the 4th quarter valued at approximately $243,000.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wall Street Zen raised Central Bancompany from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Morgan Stanley cut their price objective on shares of Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Piper Sandler reiterated an “overweight” rating and set a $31.00 price objective on shares of Central Bancompany in a research report on Wednesday, April 29th. Keefe, Bruyette & Woods boosted their target price on shares of Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.50.

Central Bancompany Trading Up 1.9%

Shares of CBC stock opened at $28.98 on Wednesday. Central Bancompany has a 12-month low of $21.99 and a 12-month high of $29.26. The stock has a 50-day moving average price of $27.33.

Central Bancompany (NASDAQ:CBC) last announced 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 $273.70 million for the quarter, compared to the consensus estimate of $267.74 million. As a group, analysts predict 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 was paid on Monday, June 1st. Stockholders of record on Friday, May 22nd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, May 22nd.

Central Bancompany 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.