Central Bancompany (NASDAQ:CBC) Given New $27.50 Price Target at Keefe, Bruyette & Woods

Central Bancompany (NASDAQ:CBC) had its price target lifted by equities research analysts at Keefe, Bruyette & Woods from $26.00 to $27.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 12.98% from the company’s previous close.

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

Central Bancompany Price Performance

Central Bancompany stock traded down $0.16 during midday trading on Wednesday, hitting $24.34. 15,451 shares of the company’s stock were exchanged, compared to its average volume of 201,471. Central Bancompany has a 12-month low of $21.99 and a 12-month high of $25.42.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. PFG Investments LLC acquired a new stake in shares of Central Bancompany in the fourth quarter valued at $264,000. Prime Capital Investment Advisors LLC purchased a new position in shares of Central Bancompany in the fourth quarter valued at approximately $2,991,000. Penobscot Investment Management Company Inc. purchased a new stake in Central Bancompany during the 4th quarter worth approximately $4,020,000. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of Central Bancompany during the fourth quarter worth approximately $31,779,000.

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.