Central Bancompany (NASDAQ:CBC) CEO John Thomas Ross Acquires 40,000 Shares

Central Bancompany (NASDAQ:CBC) CEO John Thomas Ross purchased 40,000 shares of the business’s stock in a transaction on 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 acquisition, the chief executive officer directly owned 82,000 shares in the company, valued at approximately $2,009,000. The trade was a 95.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Central Bancompany Trading Up 1.0%

NASDAQ:CBC opened at $24.50 on Tuesday. Central Bancompany has a one year low of $21.99 and a one year high of $25.42.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC acquired a new stake in Central Bancompany during the fourth quarter worth about $5,163,000. Endeavour Capital Advisors Inc. bought a new stake in shares of Central Bancompany during the 4th quarter worth approximately $4,014,000. PNC Financial Services Group Inc. acquired a new stake in shares of Central Bancompany during the 4th quarter worth approximately $51,000. Allworth Financial LP bought a new position in Central Bancompany in the fourth quarter valued at approximately $3,913,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Central Bancompany during the fourth quarter valued at approximately $1,809,000.

Analysts Set New Price Targets

Several research firms recently weighed in on CBC. Piper Sandler lifted 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Central Bancompany in a research report on Friday, December 26th. Zacks Research raised shares of Central Bancompany to a “hold” rating in a research report on Tuesday, December 16th. Wall Street Zen raised shares of Central Bancompany to a “hold” rating in a research report on Saturday, January 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Central Bancompany from $26.00 to $27.50 and gave the stock a “market perform” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $28.75.

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.