Central Bancompany (NASDAQ:CBC – Get Free Report) was downgraded by Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $36.00 price objective on the stock. Morgan Stanley’s target price indicates a potential upside of 10.29% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Stephens reaffirmed 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. Keefe, Bruyette & Woods boosted their target price on shares of Central Bancompany from $29.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 5th. Piper Sandler increased their target price on Central Bancompany from $31.00 to $37.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, August 24th. Finally, Wall Street Zen cut Central Bancompany from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $35.00.
Get Our Latest Stock Analysis on CBC
Central Bancompany Price Performance
Central Bancompany (NASDAQ:CBC – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $281.72 million during the quarter. On average, equities research analysts anticipate that Central Bancompany will post 1.91 earnings per share for the current fiscal year.
Institutional Trading of Central Bancompany
Several institutional investors and hedge funds have recently made changes to their positions in CBC. North Reef Capital Management LP boosted its position in shares of 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 valued at $97,596,000 after purchasing an additional 2,764,327 shares during the period. Champlain Investment Partners LLC acquired a new position in Central Bancompany during the fourth quarter worth approximately $42,165,000. Price T Rowe Associates Inc. MD purchased a new stake in Central Bancompany in the fourth quarter valued at approximately $40,790,000. Madison Avenue Partners LP acquired a new stake in shares of Central Bancompany in the fourth quarter valued at approximately $23,972,000. Finally, Franklin Resources Inc. purchased a new position in shares of Central Bancompany during the fourth quarter worth approximately $23,352,000.
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.
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