Central Bancompany’s Quiet Period To Expire Tomorrow (NASDAQ:CBC)

Central Bancompany’s (NASDAQ:CBC) quiet period will expire on Tuesday, December 30th. Central Bancompany had issued 17,778,000 shares in its IPO on November 20th. The total size of the offering was $373,338,000 based on an initial share price of $21.00. During the company’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analyst Weigh In

CBC has been the topic of several recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Central Bancompany in a research report on Friday. Zacks Research raised shares of Central Bancompany to a “hold” rating in a research report on Tuesday, December 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Central Bancompany Stock Performance

Shares of NASDAQ CBC opened at $23.72 on Monday. Central Bancompany has a 12-month low of $21.99 and a 12-month high of $25.00.

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.