Central Bancompany $CBC Shares Acquired by CENTRAL TRUST Co

CENTRAL TRUST Co increased its position in shares of Central Bancompany (NASDAQ:CBC) by 0.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,599,224 shares of the company’s stock after acquiring an additional 48,141 shares during the quarter. Central Bancompany comprises about 4.2% of CENTRAL TRUST Co’s investment portfolio, making the stock its 2nd largest position. CENTRAL TRUST Co’s holdings in Central Bancompany were worth $237,476,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CBC. Sterling Capital Management LLC increased its position in Central Bancompany by 64.0% in the third quarter. Sterling Capital Management LLC now owns 887 shares of the company’s stock worth $28,000 after purchasing an additional 346 shares during the period. Signaturefd LLC lifted its position in Central Bancompany by 85.4% during the 3rd quarter. Signaturefd LLC now owns 799 shares of the company’s stock valued at $25,000 after purchasing an additional 368 shares during the period. California State Teachers Retirement System acquired a new position in Central Bancompany during the 1st quarter valued at about $26,000. Alexander Labrunerie & CO. Inc. lifted its position in Central Bancompany by 7.1% during the 1st quarter. Alexander Labrunerie & CO. Inc. now owns 22,633 shares of the company’s stock valued at $542,000 after purchasing an additional 1,508 shares during the period. Finally, Commonwealth Equity Services LLC boosted its stake in shares of Central Bancompany by 14.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 12,367 shares of the company’s stock valued at $386,000 after purchasing an additional 1,531 shares during the last quarter.

Central Bancompany Price Performance

Central Bancompany stock opened at $38.42 on Thursday. The company’s 50 day simple moving average is $33.51 and its 200 day simple moving average is $29.18. Central Bancompany has a fifty-two week low of $21.99 and a fifty-two week high of $38.77. The firm has a market capitalization of $9.20 billion and a price-to-earnings ratio of 20.44.

Central Bancompany (NASDAQ:CBC) last issued its earnings results on Tuesday, October 27th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). Central Bancompany had a net margin of 34.30% and a return on equity of 11.74%. The firm had revenue of $285.43 million during the quarter. As a group, analysts predict that Central Bancompany will post 1.90 EPS for the current fiscal year.

Central Bancompany Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 20th will be issued a $0.14 dividend. This is a positive change from Central Bancompany’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. Central Bancompany’s dividend payout ratio (DPR) is presently 25.53%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings upgraded shares of Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Piper Sandler increased their price objective on shares of Central Bancompany from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Bank of America cut shares of Central Bancompany from a “buy” rating to a “neutral” rating and set a $36.50 price objective on the stock. in a research note on Wednesday, November 4th. Keefe, Bruyette & Woods lifted their target price on shares of Central Bancompany from $29.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Central Bancompany from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.90.

Central Bancompany Profile

Central Bancompany is a bank holding company headquartered in Jefferson City, Missouri. Through its banking subsidiaries, it provides personal and business banking services, including deposit accounts, consumer and commercial lending, mortgage services, and digital banking. The company also offers services such as treasury management and wealth management to individuals, businesses, and institutions. Its banking operations are centered in Missouri, with a presence in other Midwestern and neighboring states.