Bank of America Corp DE Has $3.07 Million Holdings in Central Bancompany $CBC

Bank of America Corp DE lifted its stake in shares of Central Bancompany (NASDAQ:CBC - Free Report) by 3,292.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,220 shares of the company's stock after acquiring an additional 124,440 shares during the period. Bank of America Corp DE owned approximately 0.05% of Central Bancompany worth $3,071,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. California State Teachers Retirement System acquired a new stake in shares of Central Bancompany in the 1st quarter valued at about $26,000. Quarry LP bought a new position in shares of Central Bancompany during the fourth quarter worth about $26,000. Alexander Labrunerie & CO. Inc. grew its holdings in shares of Central Bancompany by 7.1% during the first quarter. Alexander Labrunerie & CO. Inc. now owns 22,633 shares of the company's stock worth $542,000 after buying an additional 1,508 shares in the last quarter. PNC Financial Services Group Inc. acquired a new stake in Central Bancompany in the 4th quarter valued at approximately $51,000. Finally, Arax Advisory Partners acquired a new stake in Central Bancompany in the 4th quarter valued at approximately $55,000.

Central Bancompany Price Performance

NASDAQ:CBC opened at $32.60 on Monday. The firm has a market capitalization of $7.81 billion and a price-to-earnings ratio of 23.29. Central Bancompany has a twelve month low of $21.99 and a twelve month high of $33.82. The stock's 50 day moving average price is $31.81 and its two-hundred day moving average price is $27.93.

Central Bancompany (NASDAQ:CBC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $281.72 million during the quarter. As a group, analysts anticipate that Central Bancompany will post 1.91 earnings per share for the current year.

Central Bancompany Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 21st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 21st. Central Bancompany's dividend payout ratio (DPR) is 34.29%.

Wall Street Analyst Weigh In

CBC has been the subject of a number of recent research reports. Weiss Ratings raised Central Bancompany from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, August 24th. Morgan Stanley reissued an "overweight" rating and issued a $35.00 price objective on shares of Central Bancompany in a research report on Wednesday, August 5th. Stephens reaffirmed an "equal weight" rating and issued a $35.00 target price (up from $34.00) on shares of Central Bancompany in a research report on Wednesday, August 5th. Piper Sandler raised their target price on shares of Central Bancompany from $31.00 to $37.00 and gave the company an "overweight" rating in a research report on Wednesday, August 5th. Finally, Wall Street Zen lowered shares of Central Bancompany from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Central Bancompany currently has an average rating of "Moderate Buy" and an average price target of $34.75.

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.

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