Central Bancompany (NASDAQ:CBC) Upgraded by Zacks Research to “Strong-Buy” Rating

Central Bancompany (NASDAQ:CBC) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. Piper Sandler upped their price objective on shares of Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Wall Street Zen raised shares of Central Bancompany to a “hold” rating in a research note on Saturday, January 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Central Bancompany in a research report on Friday, December 26th. Finally, Keefe, Bruyette & Woods lifted their price objective on Central Bancompany from $26.00 to $27.50 and gave the stock a “market perform” rating in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $28.75.

Central Bancompany Stock Up 0.5%

NASDAQ:CBC opened at $24.63 on Monday. The firm’s 50 day moving average is $24.18. Central Bancompany has a 12-month low of $21.99 and a 12-month high of $25.42.

Central Bancompany (NASDAQ:CBC) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $272.23 million during the quarter, compared to the consensus estimate of $265.55 million.

Insiders Place Their Bets

In related news, CEO John Thomas Ross purchased 40,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were acquired at an average cost of $24.50 per share, with a total value of $980,000.00. Following the completion of the purchase, the chief executive officer directly owned 82,000 shares of the company’s stock, valued at $2,009,000. This trade represents a 95.24% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Central Bancompany

Institutional investors and hedge funds have recently made changes to their positions in the company. Freestone Grove Partners LP acquired a new position in shares of Central Bancompany during the fourth quarter valued at $3,618,000. Schonfeld Strategic Advisors LLC bought a new stake in Central Bancompany during the 4th quarter worth about $2,389,000. Gillson Capital LP bought a new position in shares of Central Bancompany in the 4th quarter valued at about $2,653,000. Burkehill Global Management LP acquired a new stake in shares of Central Bancompany during the 4th quarter worth approximately $3,015,000. Finally, Jain Global LLC bought a new stake in shares of Central Bancompany during the fourth quarter worth approximately $1,573,000.

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.