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% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,599,224 shares of the company’s stock after purchasing an additional 48,141 shares during the quarter. Central Bancompany makes up approximately 4.2% of CENTRAL TRUST Co’s holdings, making the stock its 2nd biggest holding. CENTRAL TRUST Co owned approximately 3.17% of Central Bancompany worth $237,476,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its position in Central Bancompany by 85.4% in the third quarter. Signaturefd LLC now owns 799 shares of the company’s stock valued at $25,000 after buying an additional 368 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Central Bancompany by 64.0% during the third quarter. Sterling Capital Management LLC now owns 887 shares of the company’s stock worth $28,000 after buying an additional 346 shares in the last quarter. California State Teachers Retirement System acquired a new stake in shares of Central Bancompany during the first quarter worth approximately $26,000. Public Employees Retirement System of Ohio bought a new position in shares of Central Bancompany in the second quarter valued at approximately $169,000. Finally, Keel Point LLC bought a new position in shares of Central Bancompany in the first quarter valued at approximately $201,000.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Weiss Ratings raised Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Piper Sandler raised their price target on Central Bancompany from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Stephens downgraded Central Bancompany from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $34.00 to $35.00 in a research report on Wednesday, August 5th. Wall Street Zen lowered Central Bancompany from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Morgan Stanley lowered Central Bancompany from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $35.00 to $36.00 in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Central Bancompany presently has a consensus rating of “Hold” and an average target price of $35.90.

Central Bancompany Trading Down 0.4%

Shares of NASDAQ CBC opened at $38.42 on Thursday. Central Bancompany has a 1-year low of $21.99 and a 1-year high of $38.77. The company has a 50-day moving average of $33.51 and a two-hundred day moving average of $29.18. The company has a market cap of $9.20 billion and a PE ratio of 20.44.

Central Bancompany (NASDAQ:CBC) last released its quarterly 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). The company had revenue of $285.43 million for the quarter. Central Bancompany had a net margin of 34.30% and a return on equity of 11.74%. As a group, equities research analysts forecast that Central Bancompany will post 1.90 earnings per share for the current year.

Central Bancompany Increases Dividend

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

About Central Bancompany

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.