Keefe, Bruyette & Woods Raises Central Bancompany (NASDAQ:CBC) Price Target to $32.00

Central Bancompany (NASDAQ:CBCGet Free Report) had its target price boosted by analysts at Keefe, Bruyette & Woods from $29.00 to $32.00 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 target would suggest a potential downside of 2.53% from the stock’s previous close.

CBC has been the topic of several other research reports. Piper Sandler lifted their price objective on shares of Central Bancompany from $31.00 to $37.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Research cut shares of Central Bancompany from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. Wall Street Zen upgraded shares of Central Bancompany from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Morgan Stanley reissued an “overweight” rating and set a $35.00 price objective on shares of Central Bancompany in a report on Wednesday. Finally, Weiss Ratings lowered Central Bancompany from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Central Bancompany presently has an average rating of “Moderate Buy” and an average target price of $34.75.

Get Our Latest Report on CBC

Central Bancompany Stock Performance

Shares of Central Bancompany stock traded down $0.53 during trading hours on Wednesday, hitting $32.83. The company’s stock had a trading volume of 374,422 shares, compared to its average volume of 583,014. The company has a market cap of $7.87 billion and a PE ratio of 35.28. The business has a 50 day moving average price of $30.21 and a two-hundred day moving average price of $26.87. Central Bancompany has a 12-month low of $21.99 and a 12-month high of $33.76.

Central Bancompany (NASDAQ:CBCGet Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $281.72 million during the quarter. As a group, research analysts anticipate that Central Bancompany will post 1.94 earnings per share for the current year.

Hedge Funds Weigh In On Central Bancompany

Institutional investors and hedge funds have recently made changes to their positions in the business. California State Teachers Retirement System bought a new stake in shares of Central Bancompany in the 1st quarter worth about $26,000. Quarry LP purchased a new position in Central Bancompany in the fourth quarter worth about $26,000. Alexander Labrunerie & CO. Inc. grew its position in Central Bancompany by 7.1% in the first quarter. Alexander Labrunerie & CO. Inc. now owns 22,633 shares of the company’s stock worth $542,000 after acquiring an additional 1,508 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in Central Bancompany during the fourth quarter worth approximately $51,000. Finally, Arax Advisory Partners purchased a new stake in Central Bancompany during the fourth quarter valued at approximately $55,000.

Key Headlines Impacting Central Bancompany

Here are the key news stories impacting Central Bancompany this week:

  • Positive Sentiment: Piper Sandler raised its price target for Central Bancompany from $31 to $37 and upgraded its rating to “overweight,” implying approximately 12.4% upside from the recent trading level. Benzinga
  • Positive Sentiment: The company authorized a new $100 million share-repurchase program, which could support earnings per share and signal management believes the stock is attractively valued. Central Bancompany also declared its regular $0.12 quarterly dividend, or $0.48 annualized, representing a yield of about 1.5%. Second-quarter results and capital-return announcement
  • Positive Sentiment: Management’s second-quarter earnings call highlighted continued earnings momentum, potentially reinforcing the longer-term growth outlook despite the quarterly estimate miss. TipRanks earnings call summary
  • Neutral Sentiment: Stephens reaffirmed its “equal weight” rating and set a $35 price target, indicating modest potential upside but no strong change in its investment stance. Ticker Report analyst coverage
  • Negative Sentiment: Central Bancompany reported quarterly EPS of $0.47, slightly below the $0.48 consensus estimate, although revenue reached $281.72 million. The miss may pressure the shares, particularly given the company’s relatively high earnings valuation. Q2 earnings snapshot
  • Negative Sentiment: A separate brokerage survey cited an average price target of $30.25, below the recent share price, suggesting some analysts see limited near-term upside. Brokerage price-target summary

About Central Bancompany

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Central Bancompany (NASDAQ:CBC)

Receive News & Ratings for Central Bancompany Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Bancompany and related companies with MarketBeat.com's FREE daily email newsletter.