Central Bancompany (NASDAQ:CBC) Now Covered by Analysts at Stephens

Investment analysts at Stephens began coverage on shares of Central Bancompany (NASDAQ:CBC) in a research report issued on Friday. The firm set an “overweight” rating and a $28.00 price target on the stock. Stephens’ price objective would indicate a potential upside of 18.50% from the company’s previous close.

CBC has been the topic of several other research reports. Zacks Research upgraded shares of Central Bancompany from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Central Bancompany in a research report on Wednesday. Piper Sandler raised their price target on Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Keefe, Bruyette & Woods boosted their price objective on Central Bancompany from $26.00 to $27.50 and gave the company a “market perform” rating in a research report on Wednesday, January 28th. Finally, Wall Street Zen raised Central Bancompany to a “hold” rating in a research report on Saturday, January 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Central Bancompany has a consensus rating of “Buy” and an average target price of $28.50.

Central Bancompany Price Performance

Central Bancompany stock traded down $0.30 during mid-day trading on Friday, reaching $23.63. The company’s stock had a trading volume of 23,046 shares, compared to its average volume of 388,212. Central Bancompany has a twelve month low of $21.99 and a twelve month high of $25.50. The firm’s 50 day moving average is $24.27.

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

Insider Activity

In other Central Bancompany news, CEO John Thomas Ross acquired 40,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was acquired at an average cost of $24.50 per share, with a total value of $980,000.00. Following the acquisition, the chief executive officer directly owned 82,000 shares of the company’s stock, valued at $2,009,000. This represents a 95.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Central Bancompany

Hedge funds have recently added to or reduced their stakes in the business. Quarry LP acquired a new position in Central Bancompany during the 4th quarter worth $26,000. PNC Financial Services Group Inc. acquired a new position in Central Bancompany during the 4th quarter valued at about $51,000. Arax Advisory Partners bought a new stake in shares of Central Bancompany during the 4th quarter worth about $55,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Central Bancompany in the fourth quarter valued at approximately $210,000. Finally, Summit Financial LLC acquired a new position in shares of Central Bancompany during the 4th quarter valued at $243,000.

Central Bancompany Company 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.