Allworth Financial LP Takes Position in Central Bancompany $CBC

Allworth Financial LP bought a new position in shares of Central Bancompany (NASDAQ:CBC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 162,250 shares of the company’s stock, valued at approximately $3,913,000. Allworth Financial LP owned approximately 0.07% of Central Bancompany as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CBC. PFG Investments LLC bought a new stake in shares of Central Bancompany in the 4th quarter worth approximately $264,000. Sequoia Financial Advisors LLC bought a new stake in shares of Central Bancompany in the 4th quarter worth approximately $1,809,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Central Bancompany in the 4th quarter worth approximately $2,991,000. Delta Investment Management LLC bought a new stake in shares of Central Bancompany in the 4th quarter worth approximately $3,097,000. Finally, Penobscot Investment Management Company Inc. bought a new stake in shares of Central Bancompany in the 4th quarter worth approximately $4,020,000.

Analyst Upgrades and Downgrades

CBC has been the subject of several research reports. Weiss Ratings lowered shares of Central Bancompany from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, April 27th. Wall Street Zen lowered shares of Central Bancompany from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research lowered shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods upped their target price on shares of Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 29th. Finally, Stephens upped their target price on shares of Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Central Bancompany has a consensus rating of “Moderate Buy” and a consensus price target of $29.50.

Central Bancompany Stock Down 1.0%

Shares of NASDAQ:CBC opened at $26.60 on Friday. The company’s 50-day moving average price is $25.08. Central Bancompany has a 12 month low of $21.99 and a 12 month high of $27.81.

Central Bancompany (NASDAQ:CBC) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $267.74 million. On average, equities analysts anticipate that Central Bancompany will post 1.93 earnings per share for the current year.

Central Bancompany Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 22nd will be given a $0.12 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.48 annualized dividend and a yield of 1.8%.

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.