Central Bancompany (NASDAQ:CBC) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Central Bancompany (NASDAQ:CBC) had its target price hoisted by 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’ target price suggests a potential upside of 12.98% from the stock’s current price.

A number of other equities research analysts have also issued reports on CBC. Wall Street Zen upgraded Central Bancompany to a “hold” rating in a research note on Saturday, January 3rd. Piper Sandler upped their target price on shares of Central Bancompany from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Central Bancompany in a research report on Friday, December 26th. Finally, Zacks Research upgraded Central Bancompany to a “hold” rating in a report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating and two 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 $28.75.

Central Bancompany Trading Down 0.7%

NASDAQ CBC traded down $0.16 during trading hours 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 posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $272.23 million for the quarter, compared to analyst estimates of $265.55 million.

Institutional Inflows and Outflows

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