Endeavour Capital Advisors Inc. Buys Shares of 166,437 Central Bancompany $CBC

Endeavour Capital Advisors Inc. acquired a new stake in shares of Central Bancompany (NASDAQ:CBC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 166,437 shares of the company’s stock, valued at approximately $4,014,000. Central Bancompany comprises approximately 1.1% of Endeavour Capital Advisors Inc.’s portfolio, making the stock its 26th largest holding. Endeavour Capital Advisors Inc. owned 0.07% of Central Bancompany as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBC. PNC Financial Services Group Inc. purchased a new stake in shares of Central Bancompany in the fourth quarter valued at $51,000. PFG Investments LLC acquired a new stake in Central Bancompany during the 4th quarter worth approximately $264,000. Sequoia Financial Advisors LLC purchased a new position in shares of Central Bancompany in the 4th quarter valued at $1,809,000. Prime Capital Investment Advisors LLC acquired a new position in shares of Central Bancompany during the fourth quarter worth about $2,991,000. Finally, Delta Investment Management LLC acquired a new position in Central Bancompany during the 4th quarter worth approximately $3,097,000.

Analysts Set New Price Targets

A number of equities analysts have commented on CBC shares. Piper Sandler reiterated an “overweight” rating and issued a $31.00 price objective on shares of Central Bancompany in a report on Wednesday, April 29th. Stephens raised their price objective on Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Morgan Stanley decreased their target price on Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Wall Street Zen lowered shares of Central Bancompany from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Zacks Research lowered Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $29.50.

Central Bancompany Stock Performance

NASDAQ CBC opened at $28.45 on Tuesday. Central Bancompany has a 12 month low of $21.99 and a 12 month high of $28.75. The stock has a 50 day simple moving average of $25.54.

Central Bancompany (NASDAQ:CBC) last issued its earnings results on Tuesday, April 28th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $273.71 million for the quarter, compared to the consensus estimate of $267.74 million. On average, research analysts expect that Central Bancompany will post 1.93 EPS for the current fiscal year.

Central Bancompany Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 22nd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%.

About Central Bancompany

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.