Morgan Stanley Reiterates Buy Rating on CBC
Morgan Stanley maintains a buy rating on CBC with a target price of $32, a 5.12% upside from the current price.
Key Points
- Morgan Stanley reiterated its buy rating on CBC, setting a price target of $32 on June 29, 2026.
- Morgan Stanley's $32 price target implies 5.12% upside from Central Bancompany, Inc.'s ($CBC) current $30.44 share price.
- CBC shares traded near $29.86 on Monday, with analysts maintaining varied ratings from buy to hold.
- Insider buying activity was noted in March 2026, with several executives purchasing shares.
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Morgan Stanley has reiterated its buy rating on CBC, setting a price target of $32. This update was announced on June 29, 2026, by analyst Manan Gosalia. CBC shares traded near $29.86 on Monday.
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Other Institutional Activity in CBC
Central Trust Co reduced its holdings by 178,446 shares, now holding about 7,159,791 shares worth $171.48 million. North Reef Capital Management LP significantly increased its position by 2,764,327 shares, bringing its total to 4,075,000 shares valued at $97.60 million, marking a 210.9% increase. FMR LLC cut its stake by 250,073 shares, leaving it with 2,312,752 shares valued at $55.39 million, a 9.8% decrease. Price T Rowe Associates Inc added 143,994 shares, totaling 1,835,096 shares worth approximately $43.95 million, an 8.5% increase. Champlain Investment Partners, LLC reduced its holdings by 350,063 shares, now holding 1,398,055 shares valued at $33.48 million, a 20.0% decrease.
Insider Buying and Selling at Central Bancompany, Inc.
On March 2, 2026, several CBC executives bought shares. Jeremy Wayne Colbert, EVP, General Counsel & Corporate Secretary, acquired 2,362 shares. Scott McKinney Kellett, EVP of Wealth Management, purchased 4,479 shares. Tristan Antin Thompson, Chief Communications Banking Services & Payment Officer, bought 2,036 shares. Daniel Harold Westhues, SEVP & Chief Customer Officer, acquired 3,868 shares. Sam Bryan Cook, Executive Chairman, bought 8,306 shares. Eric Andrew Hallgren, EVP & Chief Credit Officer, purchased 3,257 shares. These transactions were not planned under Rule 10b5-1 plans.
Analysts Set New Price Targets
On June 29, 2026, Morgan Stanley maintained its buy rating on CBC with a $32 price target. Previously, on April 29, 2026, Keefe, Bruyette & Woods maintained a hold rating with a $28 target, while Stephens & Co. maintained a buy rating with a $30 target. On March 31, 2026, Morgan Stanley also maintained a buy rating with a $29 target.
Bottom Line
Morgan Stanley's reaffirmation of its buy rating for CBC, with a $32 price target, suggests continued confidence in the company. Investors should note that these ratings reflect the analysts' opinions and are subject to change. Insider buying activity earlier this year may indicate confidence from within the company. As always, 13F filings and analyst ratings are backward-looking and may not reflect current market conditions.
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