Sequoia Financial Advisors LLC Acquires New Position in Central Bancompany $CBC

Sequoia Financial Advisors LLC acquired a new stake in Central Bancompany (NASDAQ:CBC) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 75,000 shares of the company’s stock, valued at approximately $1,809,000.

Other hedge funds have also recently added to or reduced their stakes in the company. PFG Investments LLC acquired a new stake in Central Bancompany in the fourth quarter valued at about $264,000. Prime Capital Investment Advisors LLC acquired a new stake in Central Bancompany in the fourth quarter valued at $2,991,000. Delta Investment Management LLC acquired a new stake in Central Bancompany in the fourth quarter valued at $3,097,000. Penobscot Investment Management Company Inc. acquired a new stake in Central Bancompany in the fourth quarter valued at $4,020,000. Finally, Atwood & Palmer Inc. acquired a new stake in Central Bancompany in the fourth quarter valued at $7,117,000.

Analyst Ratings Changes

A number of research firms have commented on CBC. Weiss Ratings downgraded Central Bancompany from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, April 27th. Zacks Research downgraded Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Morgan Stanley reduced their price target on shares of Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Stephens lifted their price target on shares of Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods lifted their price target 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. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.50.

Central Bancompany Price Performance

NASDAQ:CBC opened at $27.31 on Tuesday. Central Bancompany has a 52-week low of $21.99 and a 52-week high of $27.81. The stock’s fifty day moving average price is $24.87.

Central Bancompany (NASDAQ:CBC) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.02. The firm had revenue of $273.70 million for the quarter, compared to analyst estimates of $267.74 million. On average, analysts expect that Central Bancompany will post 1.93 EPS for the current fiscal year.

Central Bancompany Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, May 22nd.

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.