Central Bancompany (NASDAQ:CBC) Rating Increased to Hold at Wall Street Zen

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

A number of other analysts have also recently weighed in on CBC. Keefe, Bruyette & Woods increased their target price on shares of Central Bancompany from $27.50 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, April 29th. Zacks Research cut shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Stephens increased 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, April 29th. Weiss Ratings raised shares of Central Bancompany from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, Piper Sandler reissued an “overweight” rating and set a $31.00 target price on shares of Central Bancompany in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.50.

Central Bancompany Stock Performance

Shares of NASDAQ:CBC opened at $28.40 on Friday. Central Bancompany has a 1-year low of $21.99 and a 1-year high of $29.07. The business’s fifty day simple moving average is $25.90.

Central Bancompany (NASDAQ:CBC) last issued its earnings results on Tuesday, April 28th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.02. The business had revenue of $273.71 million for the quarter, compared to analyst estimates of $267.74 million. As a group, equities research analysts anticipate that Central Bancompany will post 1.93 EPS for the current year.

Institutional Trading of Central Bancompany

A number of large investors have recently modified their holdings of CBC. California State Teachers Retirement System acquired a new stake in shares of Central Bancompany in the 1st quarter worth about $26,000. Quarry LP acquired a new stake in shares of Central Bancompany in the 4th quarter worth about $26,000. PNC Financial Services Group Inc. acquired a new stake in shares of Central Bancompany in the 4th quarter worth about $51,000. Arax Advisory Partners acquired a new stake in shares of Central Bancompany in the 4th quarter worth about $55,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Central Bancompany in the 1st quarter worth about $137,000.

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.