368,567 Shares in Central Bancompany $CBC Bought by Maltese Capital Management LLC

Maltese Capital Management LLC bought a new position in shares of 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 368,567 shares of the company’s stock, valued at approximately $8,890,000. Central Bancompany comprises 1.6% of Maltese Capital Management LLC’s portfolio, making the stock its 19th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quarry LP bought a new position in shares of Central Bancompany during the fourth quarter worth $26,000. PNC Financial Services Group Inc. bought a new position in shares of Central Bancompany during the fourth quarter worth $51,000. Arax Advisory Partners bought a new position in shares of Central Bancompany during the fourth quarter worth $55,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Central Bancompany during the fourth quarter worth $210,000. Finally, Summit Financial LLC bought a new position in shares of Central Bancompany during the fourth quarter worth $243,000.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CBC shares. 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. Wall Street Zen upgraded shares of Central Bancompany from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. 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 increased their price objective on shares of Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Central Bancompany has an average rating of “Moderate Buy” and a consensus price target of $29.50.

Central Bancompany Trading Down 2.6%

Shares of CBC opened at $28.05 on Tuesday. Central Bancompany has a twelve month low of $21.99 and a twelve month high of $29.26. The company has a fifty day moving average price of $26.89.

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

Central Bancompany Announces Dividend

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

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.