BW Gestao de Investimentos Ltda. Makes New $844,000 Investment in Central Bancompany $CBC

BW Gestao de Investimentos Ltda. bought a new position in Central Bancompany (NASDAQ:CBC) during the 4th quarter, HoldingsChannel.com reports. The fund bought 35,000 shares of the company’s stock, valued at approximately $844,000.

Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new stake in shares of Central Bancompany during the 4th quarter worth about $51,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Central Bancompany during the 4th quarter worth about $210,000. PFG Investments LLC bought a new stake in shares of Central Bancompany during the 4th quarter worth about $264,000. Sequoia Financial Advisors LLC bought a new stake in shares of Central Bancompany during the 4th quarter worth about $1,809,000. Finally, Seven Grand Managers LLC bought a new stake in Central Bancompany during the 4th quarter valued at approximately $2,412,000.

Central Bancompany Stock Up 1.9%

Shares of NASDAQ:CBC opened at $28.40 on Wednesday. The firm’s 50 day simple moving average is $25.99. Central Bancompany has a twelve month low of $21.99 and a twelve month high of $29.07.

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

Central Bancompany Announces Dividend

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

Analyst Ratings Changes

Several analysts recently weighed in on the company. Piper Sandler restated an “overweight” rating and set a $31.00 target price on shares of Central Bancompany in a research note on Wednesday, April 29th. Morgan Stanley decreased their target price on Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings upgraded Central Bancompany from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 18th. Stephens increased their target price on Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods increased their target price on Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.