Atwood & Palmer Inc. Purchases New Holdings in Central Bancompany $CBC

Atwood & Palmer Inc. acquired a new position in Central Bancompany (NASDAQ:CBC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 295,050 shares of the company’s stock, valued at approximately $7,117,000. Atwood & Palmer Inc. owned about 0.12% of Central Bancompany at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CBC. Massachusetts Financial Services Co. MA purchased a new position in shares of Central Bancompany in the fourth quarter valued at approximately $31,779,000. Penobscot Investment Management Company Inc. purchased a new position in shares of Central Bancompany in the fourth quarter valued at approximately $4,020,000. Prime Capital Investment Advisors LLC purchased a new position in shares of Central Bancompany in the fourth quarter valued at approximately $2,991,000. Finally, PFG Investments LLC purchased a new position in shares of Central Bancompany in the fourth quarter valued at approximately $264,000.

Insider Buying and Selling at Central Bancompany

In related news, CEO John Thomas Ross bought 40,000 shares of the stock in a transaction dated Friday, February 6th. The shares were acquired at an average cost 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 in the company, valued at approximately $2,009,000. This trade represents a 95.24% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 65.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CBC has been the topic of several research reports. Zacks Research downgraded Central Bancompany from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Stephens initiated coverage on Central Bancompany in a research report on Friday, March 27th. They issued an “overweight” rating and a $28.00 target price on the stock. 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 target price on Central Bancompany from $26.00 to $27.50 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Central Bancompany in a research report on Wednesday, March 25th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $28.63.

Central Bancompany Stock Performance

Shares of Central Bancompany stock opened at $25.63 on Friday. The business’s 50 day moving average is $24.44. Central Bancompany has a 1-year low of $21.99 and a 1-year high of $26.25.

Central Bancompany (NASDAQ:CBC) last issued its earnings results on Tuesday, January 27th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $272.23 million for the quarter, compared to analyst estimates of $265.55 million. As a group, analysts expect that Central Bancompany will post 1.87 earnings per share for the current fiscal year.

Central Bancompany Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 20th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, February 20th.

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.