Central Bancompany (NASDAQ:CBC) Rating Lowered to Neutral at Bank of America

Central Bancompany (NASDAQ:CBC – Get Free Report) was downgraded by investment analysts at Bank of America from a “buy” rating to a “neutral” rating in a report released on Wednesday, MarketBeat reports. They currently have a $36.50 price objective on the stock. Bank of America‘s price objective would suggest a potential downside of 0.95% from the company’s previous close.

A number of other research firms also recently issued reports on CBC. Stephens downgraded Central Bancompany from an “overweight” rating to an “equal weight” rating and increased their price objective for the stock from $34.00 to $35.00 in a report on Wednesday, August 5th. Piper Sandler boosted their target price on shares of Central Bancompany from $37.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Weiss Ratings raised shares of Central Bancompany from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Morgan Stanley lowered shares of Central Bancompany from an “overweight” rating to an “equal weight” rating and increased their price target for the stock from $35.00 to $36.00 in a research note on Tuesday, September 8th. Finally, Wall Street Zen cut shares of Central Bancompany from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.90.

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Central Bancompany Stock Performance

Shares of NASDAQ:CBC opened at $36.85 on Wednesday. Central Bancompany has a 52-week low of $21.99 and a 52-week high of $37.41. The firm has a market capitalization of $8.83 billion and a P/E ratio of 19.60. The stock has a 50 day moving average price of $32.81 and a 200-day moving average price of $28.77.

Central Bancompany (NASDAQ:CBC – Get Free Report) last released its earnings results on Tuesday, October 27th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Central Bancompany had a net margin of 34.30% and a return on equity of 11.74%. The firm had revenue of $285.43 million during the quarter. On average, equities analysts forecast that Central Bancompany will post 1.90 EPS for the current fiscal year.

Institutional Investors Weigh In On Central Bancompany

A number of institutional investors have recently modified their holdings of the stock. Signaturefd LLC increased its holdings in shares of Central Bancompany by 85.4% during the third quarter. Signaturefd LLC now owns 799 shares of the company’s stock valued at $25,000 after acquiring an additional 368 shares in the last quarter. Sterling Capital Management LLC increased its stake in Central Bancompany by 64.0% during the 3rd quarter. Sterling Capital Management LLC now owns 887 shares of the company’s stock valued at $28,000 after purchasing an additional 346 shares in the last quarter. California State Teachers Retirement System bought a new stake in Central Bancompany during the 1st quarter valued at about $26,000. Public Employees Retirement System of Ohio bought a new stake in Central Bancompany during the 2nd quarter valued at about $169,000. Finally, Keel Point LLC purchased a new position in Central Bancompany in the first quarter worth about $201,000.

About Central Bancompany

(Get Free Report)

Central Bancompany, Inc is a bank holding company headquartered in Jefferson City, Missouri. Through its banking subsidiaries, the company provides financial services to individuals, businesses and institutions, with a focus on community banking and relationship-based service.

Its offerings generally include personal and business deposit accounts, consumer and commercial lending, residential mortgages, treasury management, online and mobile banking, and other traditional banking services.

Further Reading

Analyst Recommendations for Central Bancompany (NASDAQ:CBC)

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