Maltese Capital Management LLC Makes New $8.89 Million Investment in Central Bancompany $CBC

Maltese Capital Management LLC bought a new position in Central Bancompany (NASDAQ:CBC) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 368,567 shares of the company’s stock, valued at approximately $8,890,000. Central Bancompany comprises approximately 1.6% of Maltese Capital Management LLC’s holdings, making the stock its 19th largest holding. Maltese Capital Management LLC owned approximately 0.15% of Central Bancompany as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quarry LP purchased a new position in Central Bancompany in the fourth quarter worth about $26,000. PNC Financial Services Group Inc. purchased a new position in Central Bancompany in the fourth quarter worth about $51,000. Arax Advisory Partners purchased a new position in Central Bancompany in the fourth quarter worth about $55,000. Northwestern Mutual Wealth Management Co. purchased a new position in Central Bancompany in the fourth quarter worth about $210,000. Finally, Summit Financial LLC purchased a new position in Central Bancompany in the fourth quarter worth about $243,000.

Central Bancompany Price Performance

CBC opened at $28.05 on Tuesday. Central Bancompany has a 1-year low of $21.99 and a 1-year high of $29.26. The stock has a 50 day moving average price of $26.89.

Central Bancompany (NASDAQ:CBC) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The firm had revenue of $273.71 million during the quarter, compared to the consensus estimate of $267.74 million. Equities research analysts anticipate that Central Bancompany will post 1.93 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, June 1st. Investors of record on Friday, May 22nd were given a dividend of $0.12 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.7%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CBC shares. Wall Street Zen raised shares of Central Bancompany from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Morgan Stanley dropped their price target on shares of Central Bancompany from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Tuesday, March 31st. Weiss Ratings upgraded shares of Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, June 1st. Stephens upped their price target on shares of Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Zacks Research lowered shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 8th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.50.

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.