Wall Street bullish on Central Bancompany after $373 million IPO

Wall Street brokerages start coverage of regional lender Central Bancompany CBC.O on a bullish note on Monday as IPO research quiet period ends

Piper Sandler initiates coverage of CBC with an "overweight" rating and a $28 PT, which is a 21.6% upside from its last close

Brokerage cites CBC's top tier return on assets with low cost deposit base and excess capital

CBC is well-positioned for EPS growth through M&A, supported by ~$1.9 billion excess capital and enhanced liquidity post-IPO, brokerage says

Bank of America starts coverage with "buy" rating and $27 PT, a 17.2% upside to stock's last close

Stephens initiates coverage of CBC with an "overweight" rating and $29 price target, a 25.9% upside from its last close

CBC made its debut on the Nasdaq on Nov 20 after a $373.3 million IPO

As of Friday close, CBC up 78.5% YTD