Mendon Capital Advisors Corp Has $2.40 Million Stake in Central Bancompany $CBC

Mendon Capital Advisors Corp lowered its position in shares of Central Bancompany (NASDAQ:CBC) by 50.1% during the first quarter, HoldingsChannel.com reports. The fund owned 100,000 shares of the company’s stock after selling 100,601 shares during the quarter. Mendon Capital Advisors Corp’s holdings in Central Bancompany were worth $2,395,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Quarry LP bought a new position in shares of Central Bancompany in the 4th quarter worth about $26,000. PNC Financial Services Group Inc. bought a new stake in shares of Central Bancompany during the 4th quarter valued at about $51,000. Arax Advisory Partners acquired a new stake in Central Bancompany during the fourth quarter worth approximately $55,000. Public Employees Retirement System of Ohio acquired a new stake in Central Bancompany during the first quarter worth approximately $137,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Central Bancompany in the fourth quarter worth approximately $210,000.

Central Bancompany Price Performance

NASDAQ:CBC opened at $32.04 on Monday. Central Bancompany has a one year low of $21.99 and a one year high of $32.31. The company has a market cap of $7.68 billion and a PE ratio of 34.45. The firm has a 50-day moving average of $29.57 and a 200-day moving average of $26.44.

Central Bancompany (NASDAQ:CBC) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. The company had revenue of $273.70 million for the quarter, compared to the consensus estimate of $267.74 million. On average, equities research analysts expect that Central Bancompany will post 1.94 earnings per share for the current fiscal year.

Central Bancompany Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, May 22nd were paid a dividend of $0.12 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 1.5%. Central Bancompany’s dividend payout ratio (DPR) is presently 51.61%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CBC. Wall Street Zen raised Central Bancompany from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Morgan Stanley lifted their price objective on shares of Central Bancompany from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Weiss Ratings downgraded shares of Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Keefe, Bruyette & Woods increased their target price on shares of Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler restated an “overweight” rating and issued a $31.00 price target on shares of Central Bancompany in a report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $30.25.

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.