Central Bancompany (NASDAQ:CBC) CEO Purchases $980,000.00 in Stock

Central Bancompany (NASDAQ:CBC) CEO John Thomas Ross acquired 40,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were bought at an average price of $24.50 per share, for a total transaction of $980,000.00. Following the acquisition, the chief executive officer directly owned 82,000 shares of the company’s stock, valued at approximately $2,009,000. This trade represents a 95.24% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Central Bancompany Price Performance

Shares of Central Bancompany stock opened at $24.00 on Thursday. Central Bancompany has a one year low of $21.99 and a one year high of $25.42.

Central Bancompany (NASDAQ:CBC) last announced its quarterly earnings data on Tuesday, January 27th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $272.23 million during the quarter, compared to analyst estimates of $265.55 million.

Central Bancompany Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, March 2nd. Shareholders of record on Friday, February 20th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, February 20th.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CBC shares. Keefe, Bruyette & Woods lifted their price target on Central Bancompany from $26.00 to $27.50 and gave the company a “market perform” rating in a research note on Wednesday, January 28th. Piper Sandler lifted their target price on Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Central Bancompany in a research report on Friday, December 26th. Zacks Research raised shares of Central Bancompany to a “hold” rating in a report on Tuesday, December 16th. Finally, Wall Street Zen raised shares of Central Bancompany to a “hold” rating in a research report on Saturday, January 3rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $28.75.

Hedge Funds Weigh In On Central Bancompany

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

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.