Central Bancompany (NASDAQ:CBC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Central Bancompany (NASDAQ:CBC) had its price objective hoisted by Keefe, Bruyette & Woods from $26.00 to $27.50 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 14.82% from the company’s current price.

Several other equities analysts also recently issued reports on CBC. Piper Sandler upped their target price on Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Research raised Central Bancompany to a “hold” rating in a report on Tuesday, December 16th. Wall Street Zen raised Central Bancompany to a “hold” rating in a report on Saturday, January 3rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Central Bancompany in a research report on Friday, December 26th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $28.75.

Central Bancompany Trading Down 0.5%

CBC opened at $23.95 on Wednesday. Central Bancompany has a 52-week low of $21.99 and a 52-week high of $25.42.

Central Bancompany (NASDAQ:CBC) last released 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 company had revenue of $272.23 million for the quarter, compared to analysts’ expectations of $265.55 million.

Institutional Inflows and Outflows

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

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.