Central Bancompany (NASDAQ:CBC) Cut to “Sell” at Wall Street Zen

Central Bancompany (NASDAQ:CBC) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

CBC has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Central Bancompany in a research note on Wednesday. Piper Sandler raised their target price on shares of Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Stephens assumed coverage on shares of Central Bancompany in a research report on Friday. They issued an “overweight” rating and a $28.00 target price for the company. Zacks Research raised shares of Central Bancompany from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Central Bancompany from $26.00 to $27.50 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Central Bancompany currently has a consensus rating of “Buy” and a consensus price target of $28.50.

Central Bancompany Stock Performance

Central Bancompany stock opened at $23.75 on Friday. The business’s fifty day moving average is $24.27. Central Bancompany has a one year low of $21.99 and a one year high of $25.50.

Central Bancompany (NASDAQ:CBC) last released its earnings results on Tuesday, January 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $272.23 million for the quarter, compared to the consensus estimate of $265.55 million.

Insider Transactions at Central Bancompany

In other Central Bancompany news, CEO John Thomas Ross bought 40,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were purchased at an average price of $24.50 per share, for a total transaction of $980,000.00. Following the completion of the transaction, the chief executive officer directly owned 82,000 shares in the company, valued at approximately $2,009,000. The trade was a 95.24% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Institutional Trading of Central Bancompany

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