Central Bancompany (NASDAQ:CBC) Coverage Initiated at Stephens

Stock analysts at Stephens initiated coverage on shares of Central Bancompany (NASDAQ:CBC) in a note issued to investors on Friday, Marketbeat Ratings reports. The firm set an “overweight” rating and a $28.00 price target on the stock. Stephens’ target price would suggest a potential upside of 17.89% from the company’s current price.

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

Central Bancompany Stock Down 0.8%

Shares of NASDAQ CBC opened at $23.75 on Friday. The company’s 50 day simple moving average is $24.27. Central Bancompany has a fifty-two week low of $21.99 and a fifty-two week high of $25.50.

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 the consensus estimate of $0.46 by $0.01. The firm had revenue of $272.23 million during the quarter, compared to analyst estimates of $265.55 million.

Insider Activity at Central Bancompany

In other news, CEO John Thomas Ross purchased 40,000 shares of the company’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 completion of the transaction, the chief executive officer directly owned 82,000 shares in the company, valued at $2,009,000. This trade represents a 95.24% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Central Bancompany

Several large investors have recently modified their holdings of CBC. Quarry LP bought a new position in Central Bancompany in the 4th quarter worth $26,000. PNC Financial Services Group Inc. acquired a new position in Central Bancompany during the 4th quarter worth $51,000. Arax Advisory Partners bought a new stake in Central Bancompany during the fourth quarter valued at about $55,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Central Bancompany in the fourth quarter valued at about $210,000. Finally, Summit Financial LLC acquired a new stake in shares of Central Bancompany in the fourth quarter valued at about $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.