Quantinno Capital Management LP Invests $1.94 Million in Central Bancompany $CBC

Key Points

• Quantinno Capital Management acquired 81,075 shares of Central Bancompany worth approximately $1.94 million, adding to a wave of new institutional investments in the bank holding company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $34.75; recent targets range from $32 to $37.
• Central Bancompany reported quarterly EPS of $0.47, slightly below the $0.48 consensus estimate, while declaring a quarterly dividend of $0.12, equivalent to a 1.5% yield.

Quantinno Capital Management LP bought a new stake in shares of Central Bancompany (NASDAQ:CBC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 81,075 shares of the company's stock, valued at approximately $1,942,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new position in Central Bancompany in the fourth quarter worth about $31,779,000. PFG Investments LLC bought a new stake in Central Bancompany during the 4th quarter valued at approximately $264,000. Penobscot Investment Management Company Inc. purchased a new position in shares of Central Bancompany during the 4th quarter worth approximately $4,020,000. Atwood & Palmer Inc. purchased a new position in shares of Central Bancompany during the 4th quarter worth approximately $7,117,000. Finally, Delta Investment Management LLC bought a new position in shares of Central Bancompany in the 4th quarter worth approximately $3,097,000.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CBC shares. Morgan Stanley restated an "overweight" rating and set a $35.00 price target on shares of Central Bancompany in a research report on Wednesday, August 5th. Stephens reiterated an "equal weight" rating and issued a $35.00 price objective (up from $34.00) on shares of Central Bancompany in a report on Wednesday, August 5th. Weiss Ratings lowered Central Bancompany from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, June 15th. Piper Sandler boosted their target price on shares of Central Bancompany from $31.00 to $37.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Central Bancompany from $29.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $34.75.

Central Bancompany Stock Performance

NASDAQ:CBC opened at $32.99 on Wednesday. The firm has a market cap of $7.91 billion and a P/E ratio of 35.47. Central Bancompany has a fifty-two week low of $21.99 and a fifty-two week high of $33.82. The firm has a 50-day simple moving average of $30.70 and a two-hundred day simple moving average of $27.19.

Central Bancompany (NASDAQ:CBC - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.01). The firm had revenue of $281.72 million for the quarter. On average, equities research analysts predict that Central Bancompany will post 1.92 EPS for the current year.

Central Bancompany Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 21st will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.48 annualized dividend and a yield of 1.5%. Central Bancompany's dividend payout ratio is 51.61%.

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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