Central Bancompany (NASDAQ:CBC) Stock Rating Lowered by Wall Street Zen

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

CBC has been the subject of a number of other reports. Morgan Stanley reissued an “overweight” rating and issued a $35.00 price target on shares of Central Bancompany in a report on Wednesday. Stephens reiterated an “equal weight” rating and issued a $35.00 target price (up from $34.00) on shares of Central Bancompany in a report on Wednesday, August 5th. Piper Sandler increased their target price on shares of Central Bancompany from $31.00 to $37.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods raised their target price on shares of Central Bancompany from $29.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings lowered shares of Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Central Bancompany presently has a consensus rating of “Moderate Buy” and an average target price of $34.75.

Central Bancompany Stock Performance

CBC opened at $33.51 on Friday. The company has a market capitalization of $8.03 billion and a PE ratio of 36.03. The stock’s fifty day moving average is $30.50 and its 200-day moving average is $27.07. Central Bancompany has a one year low of $21.99 and a one year high of $33.82.

Central Bancompany (NASDAQ:CBC) last announced 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 company had revenue of $281.72 million during the quarter. On average, equities research analysts forecast that Central Bancompany will post 1.92 EPS for the current fiscal year.

Institutional Trading of Central Bancompany

Hedge funds have recently bought and sold shares of the company. Prime Capital Investment Advisors LLC acquired a new stake in shares of Central Bancompany during the fourth quarter valued at approximately $2,991,000. North Reef Capital Management LP boosted its stake in Central Bancompany by 210.9% in 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 period. CENTRAL TRUST Co purchased a new position in Central Bancompany during the 4th quarter worth approximately $176,998,000. Massachusetts Financial Services Co. MA purchased a new position in Central Bancompany during the 4th quarter worth approximately $31,779,000. Finally, Delta Investment Management LLC acquired a new stake in Central Bancompany during the 4th quarter valued at $3,097,000.

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.