Central Bancompany’s (NASDAQ:CBC) Quiet Period Will End on December 30th

Central Bancompany’s (NASDAQ:CBC) quiet period will end on Tuesday, December 30th. Central Bancompany had issued 17,778,000 shares in its initial public offering on November 20th. The total size of the offering was $373,338,000 based on an initial share price of $21.00. During Central Bancompany’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Upgrades and Downgrades

CBC has been the subject of several recent analyst reports. Weiss Ratings began coverage on Central Bancompany in a research note on Friday. They set a “buy (b-)” rating for the company. Zacks Research upgraded shares of Central Bancompany to a “hold” rating in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Central Bancompany Stock Performance

NASDAQ:CBC traded up $0.50 during mid-day trading on Tuesday, reaching $24.28. 271,809 shares of the stock were exchanged, compared to its average volume of 323,228. Central Bancompany has a 1 year low of $21.99 and a 1 year high of $25.00.

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.