Central Bancompany (NASDAQ:CBC) Earns Overweight Rating from Analysts at Stephens

Key Points

• Stephens initiated coverage with an "overweight" rating and a $28 price target (about 18.5% upside), and the stock has a consensus Buy rating with a $28.50 average target after several recent analyst upgrades.
• CEO John Thomas Ross purchased 40,000 shares at $24.50 (~$980,000), increasing his stake by 95.24%, signaling notable insider confidence.
• The company slightly beat quarterly estimates (EPS $0.47 vs. $0.46; revenue $272.23M vs. $265.55M) while shares trade around $23.63, below analyst targets and within a one-year range of $21.99–$25.50.

Equities research analysts at Stephens initiated coverage on shares of Central Bancompany (NASDAQ:CBC - Get Free Report) in a research report issued on Friday. The brokerage set an "overweight" rating and a $28.00 price target on the stock. Stephens' price objective would suggest a potential upside of 18.50% from the company's previous close.

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

Central Bancompany Stock Down 1.3%

CBC traded down $0.30 during trading on Friday, hitting $23.63. 23,046 shares of the company's stock were exchanged, compared to its average volume of 388,212. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $25.50. The stock's 50 day moving average is $24.27.

Central Bancompany (NASDAQ:CBC - Get Free Report) last issued its earnings results on Tuesday, January 27th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $272.23 million during the quarter, compared to analysts' expectations of $265.55 million.

Insider Activity

In other Central Bancompany news, CEO John Thomas Ross bought 40,000 shares of Central Bancompany stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of $24.50 per share, for a total transaction of $980,000.00. Following the purchase, the chief executive officer owned 82,000 shares in the company, valued at $2,009,000. This represents a 95.24% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Institutional Trading of Central Bancompany

Several institutional investors have recently added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC bought a new position in Central Bancompany during the 4th quarter valued at $2,991,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Central Bancompany in the 4th quarter valued at about $31,779,000. PFG Investments LLC bought a new position in shares of Central Bancompany during the fourth quarter worth about $264,000. Penobscot Investment Management Company Inc. acquired a new position in Central Bancompany in the fourth quarter worth about $4,020,000. Finally, Atwood & Palmer Inc. bought a new stake in Central Bancompany in the fourth quarter valued at about $7,117,000.

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.

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