Central Bancompany (NASDAQ:CBC) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Central Bancompany (NASDAQ:CBC) from a hold rating to a sell rating in a research report report published on Saturday morning.

A number of other analysts have also issued reports on the stock. Piper Sandler lifted their price target on shares of Central Bancompany from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Keefe, Bruyette & Woods boosted their target price on shares of Central Bancompany from $26.00 to $27.50 and gave the stock a “market perform” rating in a research report on Wednesday, January 28th. Stephens started coverage on shares of Central Bancompany in a research note on Friday. They issued an “overweight” rating and a $28.00 target price on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Central Bancompany in a research note on Wednesday. Finally, Zacks Research upgraded Central Bancompany from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $28.50.

Central Bancompany Stock Down 0.8%

CBC opened at $23.75 on Friday. Central Bancompany has a twelve month low of $21.99 and a twelve month high of $25.50. The company’s fifty day moving average price is $24.27.

Central Bancompany (NASDAQ:CBC) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $272.23 million for the quarter, compared to analyst estimates of $265.55 million.

Central Bancompany Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 20th were issued a $0.12 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.48 dividend on an annualized basis and a yield of 2.0%.

Insider Buying and Selling

In related news, CEO John Thomas Ross bought 40,000 shares of the stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of $24.50 per share, with a total value of $980,000.00. Following the completion of the acquisition, the chief executive officer owned 82,000 shares of the company’s stock, valued at $2,009,000. This trade represents a 95.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Mendon Capital Advisors Corp bought a new stake in Central Bancompany in the fourth quarter valued at $4,727,000. XTX Topco Ltd acquired a new stake in shares of Central Bancompany in the 4th quarter worth about $282,000. Oxford Asset Management LLP acquired a new stake in shares of Central Bancompany in the 4th quarter worth about $738,000. Millennium Management LLC bought a new stake in Central Bancompany in the 4th quarter valued at about $9,203,000. Finally, Madison Avenue Partners LP acquired a new position in Central Bancompany during the 4th quarter valued at about $23,972,000.

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.