Insider Selling: CapitalSource Director Unloads 350,000 Shares of Stock (CSE)
CapitalSource (NYSE:CSE) Director Steven Museles sold 350,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $11.48, for a total transaction of $4,018,000.00. Following the completion of the sale, the director now directly owns 351,889 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on CSE. Analysts at FBR Capital Markets raised their price target on shares of CapitalSource (NYSE:CSE) from $9.50 to $13.00 in a research note to investors on Thursday, August 1st. Separately, analysts at BMO Capital Markets raised their price target on shares of CapitalSource (NYSE:CSE) from $10.00 to $12.00 in a research note to investors on Wednesday, July 24th. They now have a “market perform” rating on the stock. Finally, analysts at Sandler O’Neill upgraded shares of CapitalSource (NYSE:CSE) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, July 24th. They now have a $13.50 price target on the stock, down previously from $17.00.
Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $11.26.
Shares of CapitalSource (NYSE:CSE) traded up 0.86% on Wednesday, hitting $11.68. The stock had a trading volume of 3,326,474 shares. CapitalSource has a 52-week low of $7.25 and a 52-week high of $12.36. The stock’s 50-day moving average is $11.80 and its 200-day moving average is $10.10. The company has a market cap of $2.299 billion and a price-to-earnings ratio of 18.04.
CapitalSource (NYSE:CSE) last released its earnings data on Tuesday, July 23rd. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. On average, analysts predict that CapitalSource will post $0.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend is Wednesday, September 11th.
CapitalSource Inc (NYSE:CSE) is a commercial lender, which provides financial products to small and middle market businesses nationwide and provides depository products and services to consumers in southern and central California, through its wholly owned subsidiary, CapitalSource Bank.
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