Central Bancompany (NASDAQ:CBC) Announces Dividend of $0.12

Central Bancompany (NASDAQ:CBC) announced a dividend on Wednesday, February 4th, NASDAQ Dividends reports. Stockholders of record on Friday, February 20th will be paid a dividend of 0.12 per share on Monday, March 2nd. The ex-dividend date of this dividend is Friday, February 20th.

Central Bancompany Stock Up 0.5%

NASDAQ:CBC opened at $24.63 on Wednesday. The stock has a 50 day moving average price of $24.18. Central Bancompany has a 1-year low of $21.99 and a 1-year high of $25.42.

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

Insider Activity

In related news, CEO John Thomas Ross bought 40,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were bought at an average cost of $24.50 per share, for a total transaction of $980,000.00. Following the transaction, the chief executive officer owned 82,000 shares of the company’s stock, valued at approximately $2,009,000. This trade represents a 95.24% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Hedge Funds Weigh In On Central Bancompany

A number of large investors have recently modified their holdings of CBC. Quarry LP acquired a new position in Central Bancompany during the fourth quarter valued at approximately $26,000. PNC Financial Services Group Inc. bought a new position in Central Bancompany in the fourth quarter worth about $51,000. Arax Advisory Partners bought a new position in Central Bancompany during the 4th quarter worth $55,000. Northwestern Mutual Wealth Management Co. bought a new stake in Central Bancompany in the 4th quarter valued at about $210,000. Finally, Summit Financial LLC bought a new stake in Central Bancompany during the 4th quarter valued at $243,000.

About Central Bancompany

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.