BW Gestao de Investimentos Ltda. Invests $844,000 in Central Bancompany $CBC

BW Gestao de Investimentos Ltda. acquired a new position in Central Bancompany (NASDAQ:CBC) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 35,000 shares of the company’s stock, valued at approximately $844,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CBC. Prime Capital Investment Advisors LLC acquired a new stake in shares of Central Bancompany during the fourth quarter worth $2,991,000. CENTRAL TRUST Co acquired a new stake in shares of Central Bancompany during the fourth quarter worth $176,998,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Central Bancompany during the fourth quarter worth $31,779,000. Atwood & Palmer Inc. acquired a new stake in shares of Central Bancompany during the fourth quarter worth $7,117,000. Finally, Delta Investment Management LLC acquired a new stake in shares of Central Bancompany during the fourth quarter worth $3,097,000.

Central Bancompany Trading Up 1.9%

NASDAQ:CBC opened at $28.40 on Wednesday. Central Bancompany has a 1-year low of $21.99 and a 1-year high of $29.07. The company’s fifty day simple moving average is $25.99.

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 the consensus estimate of $0.44 by $0.02. The firm had revenue of $273.71 million during the quarter, compared to analyst estimates of $267.74 million. Equities research analysts predict that Central Bancompany will post 1.93 EPS for the current year.

Central Bancompany Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 22nd were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 22nd.

Analyst Ratings Changes

CBC has been the topic of a number of recent analyst reports. Wall Street Zen raised Central Bancompany from a “sell” rating to a “hold” rating in a research report on Saturday. Piper Sandler reissued an “overweight” rating and set a $31.00 price target on shares of Central Bancompany in a research report on Wednesday, April 29th. Zacks Research lowered Central Bancompany from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Stephens upped their price target on Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods upped their price target on Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Central Bancompany currently has a consensus rating of “Moderate Buy” and an average price target of $29.50.

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.