Central Bancompany (NASDAQ:CBC) Earns Equal Weight Rating from Stephens

Central Bancompany (NASDAQ:CBC)‘s stock had its “equal weight” rating reiterated by investment analysts at Stephens in a note issued to investors on Wednesday, MarketBeat reports. They presently have a $35.00 price target on the stock. Stephens’ price target would suggest a potential upside of 4.92% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Weiss Ratings cut shares of Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, June 15th. 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 research report on Wednesday, April 29th. Zacks Research lowered shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Piper Sandler restated an “overweight” rating and set a $31.00 price target on shares of Central Bancompany in a report on Wednesday, April 29th. Finally, Morgan Stanley upped their price target on shares of Central Bancompany from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Central Bancompany Trading Up 0.6%

Shares of Central Bancompany stock opened at $33.36 on Wednesday. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $33.76. The company has a market cap of $8.00 billion and a P/E ratio of 35.87. The stock has a 50-day moving average price of $30.21 and a 200 day moving average price of $26.87.

Central Bancompany (NASDAQ:CBC) last released its earnings results on Tuesday, August 4th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The business had revenue of $281.72 million during the quarter. On average, equities analysts forecast that Central Bancompany will post 1.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Central Bancompany

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CBC. CENTRAL TRUST Co acquired a new stake in Central Bancompany in the fourth quarter valued at approximately $176,998,000. North Reef Capital Management LP increased its stake in shares of Central Bancompany by 210.9% during the 1st quarter. North Reef Capital Management LP now owns 4,075,000 shares of the company’s stock worth $97,596,000 after purchasing an additional 2,764,327 shares during the last quarter. Champlain Investment Partners LLC acquired a new position in shares of Central Bancompany during the 4th quarter worth $42,165,000. Price T Rowe Associates Inc. MD bought a new position in shares of Central Bancompany during the 4th quarter valued at $40,790,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Central Bancompany in the 4th quarter valued at $31,779,000.

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.