Delta Investment Management LLC Purchases Shares of 128,400 Central Bancompany $CBC

Delta Investment Management LLC acquired a new position in Central Bancompany (NASDAQ:CBC) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 128,400 shares of the company’s stock, valued at approximately $3,097,000.

Other institutional investors have also recently made changes to their positions in the company. Atwood & Palmer Inc. bought a new stake in Central Bancompany during the 4th quarter valued at approximately $7,117,000. Penobscot Investment Management Company Inc. purchased a new stake in Central Bancompany during the 4th quarter valued at approximately $4,020,000. PFG Investments LLC bought a new stake in shares of Central Bancompany during the fourth quarter valued at approximately $264,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Central Bancompany in the fourth quarter worth $31,779,000. Finally, Prime Capital Investment Advisors LLC bought a new position in shares of Central Bancompany during the fourth quarter worth $2,991,000.

Insider Activity at Central Bancompany

In other Central Bancompany news, CEO John Thomas Ross bought 40,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were purchased at an average price of $24.50 per share, with a total value of $980,000.00. Following the completion of the purchase, the chief executive officer owned 82,000 shares in the company, valued at $2,009,000. This represents a 95.24% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 65.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CBC. Zacks Research downgraded shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Weiss Ratings cut Central Bancompany from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Morgan Stanley decreased their target price on Central Bancompany from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 31st. Keefe, Bruyette & Woods raised their price target on Central Bancompany from $27.50 to $28.00 and gave the company a “market perform” rating in a report on Wednesday. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $31.00 price objective on shares of Central Bancompany in a research note on Wednesday. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.50.

Central Bancompany Price Performance

Shares of NASDAQ:CBC traded up $0.40 during trading on Thursday, hitting $26.59. The company had a trading volume of 12,215 shares, compared to its average volume of 483,763. The stock has a fifty day moving average price of $24.55. Central Bancompany has a one year low of $21.99 and a one year high of $26.90.

Central Bancompany (NASDAQ:CBC) last released its quarterly 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 company had revenue of $273.70 million for the quarter, compared to analysts’ expectations of $267.74 million. As a group, analysts expect that Central Bancompany will post 1.87 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, March 2nd. Shareholders of record on Friday, February 20th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.48 annualized dividend and a yield of 1.8%.

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.