Cardinal Financial Corp. (CFNL) Announces Quarterly Earnings Results, Misses Estimates By $0.11 EPS
Cardinal Financial Corp. (NASDAQ:CFNL) released its earnings data on Wednesday. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.21 by $0.11, American Banking News reports. During the same quarter in the prior year, the company posted $0.48 earnings per share.
Shares of Cardinal Financial Corp. (NASDAQ:CFNL) traded down 0.99% on Wednesday, hitting $17.06. 124,851 shares of the company’s stock traded hands. Cardinal Financial Corp. has a one year low of $12.81 and a one year high of $18.40. The stock has a 50-day moving average of $16.74 and a 200-day moving average of $16.24. The company has a market cap of $516.3 million and a price-to-earnings ratio of 11.77.
A number of analysts have recently weighed in on CFNL shares. Analysts at Raymond James downgraded shares of Cardinal Financial Corp. from a “strong-buy” rating to an “outperform” rating in a research note to investors on Friday, September 20th. They now have a $19.00 price target on the stock. On the ratings front, analysts at FBR Capital Markets downgraded shares of Cardinal Financial Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, September 20th. They now have a $16.50 price target on the stock, down previously from $19.00. Finally, analysts at Boenning Scattergood downgraded shares of Cardinal Financial Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. They now have a $17.00 price target on the stock. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.53.
Cardinal Financial Corporation is a financial holding company. The Company owns Cardinal Bank (NASDAQ:CFNL), which is a state-chartered community bank with 27 banking offices located in Northern Virginia, Maryland and Washington, District of Columbia metropolitan area.
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