Central Bancompany (NASDAQ:CBC) Downgraded to Sell Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Central Bancompany to a "sell", though the stock still carries an overall MarketBeat consensus rating of "Buy" with a $28.50 average price target from analysts.
• CEO John Thomas Ross bought 40,000 shares on Feb. 6 for about $980,000, increasing his stake by roughly 95%, signaling significant insider confidence.
• Central Bancompany slightly beat quarterly estimates ($0.47 EPS vs. $0.46 expected) and its shares trade around $23.75, below the $28.50 consensus target and the 52-week high of $25.50.

Central Bancompany (NASDAQ:CBC - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also weighed in on the company. Zacks Research raised Central Bancompany from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 16th. Weiss Ratings reissued a "buy (b-)" rating on shares of Central Bancompany in a research note on Wednesday. Piper Sandler boosted their target price on shares of Central Bancompany from $28.00 to $30.00 and gave the stock an "overweight" rating in a report on Wednesday, January 28th. Stephens started coverage on shares of Central Bancompany in a research report on Friday. They set an "overweight" rating and a $28.00 price target on the stock. Finally, Keefe, Bruyette & Woods increased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $28.50.

Central Bancompany Trading Down 0.8%

Shares of Central Bancompany stock opened at $23.75 on Friday. The company has a 50 day moving average price of $24.27. Central Bancompany has a 52-week low of $21.99 and a 52-week high of $25.50.

Central Bancompany (NASDAQ:CBC - Get Free Report) last issued its quarterly 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 business had revenue of $272.23 million for the quarter, compared to the consensus estimate of $265.55 million.

Insider Activity at Central Bancompany

In other news, CEO John Thomas Ross bought 40,000 shares of the stock in a transaction dated Friday, February 6th. The shares were bought at an average price of $24.50 per share, for a total transaction of $980,000.00. Following the completion of the purchase, the chief executive officer owned 82,000 shares in the company, valued at approximately $2,009,000. This trade represents a 95.24% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Central Bancompany during the fourth quarter worth $210,000. Arax Advisory Partners acquired a new position in shares of Central Bancompany in the fourth quarter valued at about $55,000. PNC Financial Services Group Inc. bought a new position in Central Bancompany during the fourth quarter worth about $51,000. Quarry LP acquired a new stake in Central Bancompany in the 4th quarter worth about $26,000. Finally, Madison Avenue Partners LP bought a new stake in Central Bancompany in the 4th quarter valued at about $23,972,000.

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.

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