Insider Selling: Martha M. Bachman Unloads 7,320 Shares of Capital Bank Financial Corp. Stock (CBF)
Capital Bank Financial Corp. (NYSE:CBF) Director Martha M. Bachman unloaded 7,320 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $25.23, for a total transaction of $184,683.60. Following the sale, the director now directly owns 14,407 shares in the company, valued at approximately $363,489. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
CBF has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Capital Bank Financial Corp. from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 7th. They now have a $22.10 price target on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of Capital Bank Financial Corp. from $25.00 to $27.50 in a research note on Tuesday, April 22nd. They now have an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Capital Bank Financial Corp. from $26.00 to $28.00 in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $24.64.
Shares of Capital Bank Financial Corp. (NYSE:CBF) traded up 0.18% on Monday, hitting $25.38. 109,089 shares of the company’s stock traded hands. Capital Bank Financial Corp. has a 52 week low of $17.38 and a 52 week high of $26.01. The stock’s 50-day moving average is $23.84 and its 200-day moving average is $23.54. The company has a market cap of $1.267 billion and a price-to-earnings ratio of 29.67.
Capital Bank Financial Corp. (NYSE:CBF) last announced its earnings results on Thursday, April 17th. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.24 by $0.02. During the same quarter last year, the company posted $0.11 earnings per share. Analysts expect that Capital Bank Financial Corp. will post $1.02 EPS for the current fiscal year.
Realty Finance Corporation, formerly CBRE Realty Finance, Inc, is a commercial real estate specialty finance company that originates and acquires whole loans, bridge loans, subordinate interests in whole loans (NYSE:CBF), commercial mortgage-backed securities (CMBS) and mezzanine loans, primarily in the United States.
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