FBR Capital Markets Reiterates “Market Perform” Rating for Cardinal Financial (CFNL)
Cardinal Financial (NASDAQ:CFNL)‘s stock had its “market perform” rating reiterated by analysts at FBR Capital Markets in a research report issued to clients and investors on Thursday. They currently have a $20.00 price objective on the stock, up from their previous price objective of $18.00. FBR Capital Markets’ price target suggests a potential upside of 9.35% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Cardinal Financial in a research note on Thursday. They now have a $19.50 price target on the stock, up previously from $19.00. Analysts at Robert W. Baird raised their price target on shares of Cardinal Financial from $17.00 to $18.00 in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.66.
Cardinal Financial (NASDAQ:CFNL) traded down 1.26% on Thursday, hitting $18.06. The stock had a trading volume of 83,892 shares. Cardinal Financial has a 1-year low of $15.91 and a 1-year high of $19.14. The stock’s 50-day moving average is $18.17 and its 200-day moving average is $17.67. The company has a market cap of $577.2 million and a P/E ratio of 25.47.
Cardinal Financial (NASDAQ:CFNL) last issued its quarterly earnings data on Wednesday, July 16th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.24 by $0.02. On average, analysts predict that Cardinal Financial will post $0.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.75%.
Cardinal Financial Corporation is a financial holding company. The Company owns Cardinal Bank (NASDAQ:CFNL), which is a state-chartered community bank.
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