Endeavour Capital Advisors Inc. Purchases New Holdings in Central Bancompany $CBC

Endeavour Capital Advisors Inc. bought a new stake in Central Bancompany (NASDAQ:CBC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 166,437 shares of the company’s stock, valued at approximately $4,014,000. Central Bancompany makes up approximately 1.1% of Endeavour Capital Advisors Inc.’s investment portfolio, making the stock its 26th largest position.

Several other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. purchased a new stake in Central Bancompany in the 4th quarter worth approximately $51,000. PFG Investments LLC acquired a new stake in shares of Central Bancompany in the fourth quarter worth about $264,000. Sequoia Financial Advisors LLC acquired a new stake in 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 during the 4th quarter worth $2,991,000. Finally, Delta Investment Management LLC bought a new stake in Central Bancompany during the fourth quarter valued at about $3,097,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Morgan Stanley reduced their price objective on Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Wall Street Zen lowered Central Bancompany from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. 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 report on Wednesday, April 29th. Piper Sandler reaffirmed an “overweight” rating and set a $31.00 price target on shares of Central Bancompany in a report on Wednesday, April 29th. Finally, Zacks Research cut shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.50.

Central Bancompany Price Performance

Shares of Central Bancompany stock opened at $28.45 on Tuesday. The stock has a 50-day simple moving average of $25.54. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $28.75.

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

Central Bancompany Dividend Announcement

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