Central Bancompany $CBC Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its position in Central Bancompany (NASDAQ:CBC) by 68.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,270 shares of the company’s stock after selling 32,755 shares during the period. Bessemer Group Inc.’s holdings in Central Bancompany were worth $366,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new stake in shares of Central Bancompany in the 4th quarter worth $176,998,000. Champlain Investment Partners LLC purchased a new position in Central Bancompany during the fourth quarter worth about $42,165,000. Price T Rowe Associates Inc. MD purchased a new position in Central Bancompany during the fourth quarter worth about $40,790,000. Massachusetts Financial Services Co. MA acquired a new stake in Central Bancompany in the fourth quarter valued at about $31,779,000. Finally, North Reef Capital Management LP purchased a new stake in Central Bancompany in the 4th quarter valued at approximately $31,613,000.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CBC shares. Keefe, Bruyette & Woods boosted their target price on Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Morgan Stanley raised their price target on Central Bancompany from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Zacks Research lowered Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Stephens increased their price objective on Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings downgraded Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.25.

Central Bancompany Stock Performance

Central Bancompany stock opened at $32.04 on Friday. Central Bancompany has a fifty-two week low of $21.99 and a fifty-two week high of $32.31. The firm has a market capitalization of $7.68 billion and a price-to-earnings ratio of 34.45. The stock’s fifty day moving average is $29.57 and its two-hundred day moving average is $26.42.

Central Bancompany (NASDAQ:CBC) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. The firm had revenue of $273.70 million for the quarter, compared to analyst estimates of $267.74 million. As a group, sell-side analysts forecast that Central Bancompany will post 1.94 EPS for the current fiscal year.

Central Bancompany Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Friday, May 22nd were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.5%. The ex-dividend date was Friday, May 22nd. Central Bancompany’s dividend payout ratio (DPR) 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.