Central Bancompany (NASDAQ:CBC) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Central Bancompany (NASDAQ:CBC) from a "sell" to a "hold," while overall coverage is split (three Buy, three Hold) with an average rating of Moderate Buy and a mean price target of $29.50.
• CEO John Thomas Ross bought 40,000 shares at $24.50 (about $980,000), raising his holdings to 82,000 shares, and insiders collectively own 65.90% of the company.
• Central Bancompany beat quarterly estimates, reporting $0.46 EPS versus $0.44 expected and revenue of $273.7M versus $267.7M, with the stock trading around $27 and near its 52‑week high of $27.35.

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

Other analysts have also issued research reports about the stock. Weiss Ratings lowered shares of Central Bancompany from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday. Keefe, Bruyette & Woods raised their target price on shares of Central Bancompany from $27.50 to $28.00 and gave the company a "market perform" rating in a research report on Wednesday. Morgan Stanley cut their target price on shares of Central Bancompany from $31.00 to $29.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 31st. Stephens raised their target price on shares of Central Bancompany from $28.00 to $30.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Piper Sandler restated an "overweight" rating and issued a $31.00 target price on shares of Central Bancompany in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $29.50.

Central Bancompany Trading Up 0.3%

Shares of Central Bancompany stock opened at $27.09 on Friday. Central Bancompany has a fifty-two week low of $21.99 and a fifty-two week high of $27.35. The company has a 50 day moving average of $24.59.

Central Bancompany (NASDAQ:CBC - Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.02. The company had revenue of $273.70 million during the quarter, compared to analyst estimates of $267.74 million. Equities analysts anticipate that Central Bancompany will post 1.93 EPS for the current fiscal year.

Insider Transactions at Central Bancompany

In other news, CEO John Thomas Ross bought 40,000 shares of the company's stock in a transaction that occurred on Friday, February 6th. The shares were acquired at an average price of $24.50 per share, for a total transaction of $980,000.00. Following the completion of the acquisition, the chief executive officer directly owned 82,000 shares in the company, valued at approximately $2,009,000. This represents a 95.24% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 65.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Central Bancompany

Several hedge funds and other institutional investors have recently bought and sold shares of CBC. Quarry LP acquired a new position in Central Bancompany in the fourth quarter valued at $26,000. PNC Financial Services Group Inc. acquired a new position in Central Bancompany in the fourth quarter valued at $51,000. Arax Advisory Partners acquired a new position in Central Bancompany in the fourth quarter valued at $55,000. Northwestern Mutual Wealth Management Co. acquired a new position in Central Bancompany in the fourth quarter valued at $210,000. Finally, Summit Financial LLC acquired a new position in Central Bancompany in the fourth 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.

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