Central Bancompany (NASDAQ:CBC) Plans Quarterly Dividend of $0.12

Key Points

• Quarterly dividend: Central Bancompany declared a $0.12 per share quarterly dividend, with shareholders of record on May 22 to be paid on June 1 (ex-dividend date May 22), implying about a 1.8% annualized yield.
• Earnings beat: The company reported Q1 EPS of $0.46 versus $0.44 expected and revenue of $273.7M versus $267.7M expected, and analysts forecast roughly $1.93 EPS for the fiscal year.
• Insider buying: CEO John Thomas Ross bought 40,000 shares at $24.50 in February, increasing his direct holdings to 82,000 shares, and insiders own about 65.9% of the stock.

Central Bancompany (NASDAQ:CBC - Get Free Report) announced a quarterly dividend on Tuesday, May 5th. Shareholders of record on Friday, May 22nd will be given a dividend of 0.12 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, May 22nd.

Central Bancompany Stock Down 0.1%

Central Bancompany stock traded down $0.04 during mid-day trading on Wednesday, reaching $27.35. 109,857 shares of the company's stock were exchanged, compared to its average volume of 489,724. Central Bancompany has a twelve month low of $21.99 and a twelve month high of $27.62. The stock's fifty day simple moving average is $24.63.

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

Insider Buying and Selling

In related news, CEO John Thomas Ross purchased 40,000 shares of the business's stock in a transaction that occurred on Friday, February 6th. The shares were purchased at an average cost of $24.50 per share, for a total transaction of $980,000.00. Following the purchase, the chief executive officer directly owned 82,000 shares of the company's stock, valued at $2,009,000. The trade was a 95.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 65.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CBC. CENTRAL TRUST Co purchased a new position in Central Bancompany during the 4th quarter worth $176,998,000. Champlain Investment Partners LLC purchased a new position in Central Bancompany during the 4th quarter worth $42,165,000. Price T Rowe Associates Inc. MD purchased a new position in Central Bancompany during the 4th quarter worth $40,790,000. Massachusetts Financial Services Co. MA purchased a new position in Central Bancompany during the 4th quarter worth $31,779,000. Finally, North Reef Capital Management LP purchased a new position in Central Bancompany during the 4th quarter worth $31,613,000.

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.

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