Quantinno Capital Management LP Acquires New Shares in Central Bancompany $CBC

Quantinno Capital Management LP acquired a new position in Central Bancompany (NASDAQ:CBC) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 81,075 shares of the company’s stock, valued at approximately $1,942,000.

A number of other hedge funds have also bought and sold shares of CBC. North Reef Capital Management LP boosted its holdings in shares of Central Bancompany by 210.9% during the 1st quarter. North Reef Capital Management LP now owns 4,075,000 shares of the company’s stock valued at $97,596,000 after acquiring an additional 2,764,327 shares during the last quarter. CENTRAL TRUST Co purchased a new position in shares of Central Bancompany during the fourth quarter valued at approximately $176,998,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Central Bancompany during the fourth quarter valued at approximately $31,779,000. Delta Investment Management LLC bought a new position in Central Bancompany during the fourth quarter valued at approximately $3,097,000. Finally, Atwood & Palmer Inc. purchased a new stake in Central Bancompany in the fourth quarter worth approximately $7,117,000.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CBC. Morgan Stanley reaffirmed an “overweight” rating and issued a $35.00 target price on shares of Central Bancompany in a research report on Wednesday, August 5th. Piper Sandler raised their price target on Central Bancompany from $31.00 to $37.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Wall Street Zen lowered Central Bancompany from a “hold” rating to a “sell” rating in a report on Saturday. Stephens reiterated an “equal weight” rating and set a $35.00 price objective (up from $34.00) on shares of Central Bancompany in a research report on Wednesday, August 5th. Finally, Weiss Ratings downgraded Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.75.

Central Bancompany Price Performance

CBC opened at $32.99 on Wednesday. The company has a 50 day simple moving average of $30.70 and a two-hundred day simple moving average of $27.19. The firm has a market cap of $7.91 billion and a P/E ratio of 35.47. Central Bancompany has a 1-year low of $21.99 and a 1-year 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 for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $281.72 million for the quarter. Equities analysts anticipate that Central Bancompany will post 1.92 earnings per share for the current year.

Central Bancompany Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.5%. Central Bancompany’s dividend payout ratio is 51.61%.

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.