Central Bancompany (NASDAQ:CBC) Upgraded at Zacks Research

Zacks Research upgraded shares of Central Bancompany (NASDAQ:CBC) from a hold rating to a strong-buy rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research firms have also commented on CBC. Wall Street Zen raised Central Bancompany to a “hold” rating in a research note on Saturday, January 3rd. Weiss Ratings restated a “buy (b-)” rating on shares of Central Bancompany in a research report on Friday, December 26th. Keefe, Bruyette & Woods increased 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 report on Wednesday, January 28th. Finally, Piper Sandler boosted their target price on shares of Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $28.75.

Central Bancompany Stock Up 2.2%

CBC stock opened at $25.17 on Monday. The company’s fifty day simple moving average is $24.20. Central Bancompany has a 52-week low of $21.99 and a 52-week high of $25.50.

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

Central Bancompany Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 20th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, February 20th.

Insiders Place Their Bets

In related news, CEO John Thomas Ross acquired 40,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were bought at an average price of $24.50 per share, with a total value of $980,000.00. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Central Bancompany

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

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.