Shares of Cardinal Financial Corp. (NASDAQ:CFNL) have received a consensus rating of “Hold” from the five analysts that are covering the stock. Five research analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have covered the stock in the last year is $22.00.

CFNL has been the topic of several research analyst reports. Zacks Investment Research downgraded Cardinal Financial Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Raymond James Financial Inc. downgraded Cardinal Financial Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, August 19th. Finally, Keefe, Bruyette & Woods downgraded Cardinal Financial Corp. from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $24.00 to $27.00 in a report on Monday, August 22nd.

Shares of Cardinal Financial Corp. (NASDAQ:CFNL) traded up 0.39% during trading on Wednesday, reaching $25.76. The company’s stock had a trading volume of 60,733 shares. Cardinal Financial Corp. has a 1-year low of $17.51 and a 1-year high of $28.16. The stock has a 50 day moving average of $26.09 and a 200-day moving average of $22.73. The company has a market capitalization of $836.14 million, a PE ratio of 18.13 and a beta of 1.19.

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Cardinal Financial Corp. (NASDAQ:CFNL) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.06. Cardinal Financial Corp. had a return on equity of 11.27% and a net margin of 23.29%. During the same period in the prior year, the firm posted $0.40 EPS. On average, analysts expect that Cardinal Financial Corp. will post $1.55 earnings per share for the current year.

In other news, CFO Mark A. Wendel sold 15,000 shares of the company’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $21.10, for a total transaction of $316,500.00. Following the completion of the transaction, the chief financial officer now directly owns 32,534 shares of the company’s stock, valued at approximately $686,467.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christopher W. Bergstrom sold 80,993 shares of the company’s stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $26.50, for a total value of $2,146,314.50. Following the transaction, the insider now directly owns 97,476 shares of the company’s stock, valued at $2,583,114. The disclosure for this sale can be found here. Corporate insiders own 6.23% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CFNL. Louisiana State Employees Retirement System boosted its position in Cardinal Financial Corp. by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the company’s stock valued at $316,000 after buying an additional 100 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Cardinal Financial Corp. by 0.6% in the second quarter. Victory Capital Management Inc. now owns 39,920 shares of the company’s stock worth $876,000 after buying an additional 220 shares during the period. Arizona State Retirement System boosted its stake in shares of Cardinal Financial Corp. by 1.8% in the second quarter. Arizona State Retirement System now owns 16,879 shares of the company’s stock worth $370,000 after buying an additional 300 shares during the period. Bridgeway Capital Management Inc. boosted its stake in shares of Cardinal Financial Corp. by 0.7% in the second quarter. Bridgeway Capital Management Inc. now owns 49,828 shares of the company’s stock worth $1,093,000 after buying an additional 350 shares during the period. Finally, Anchor Capital Advisors LLC boosted its stake in shares of Cardinal Financial Corp. by 0.7% in the second quarter. Anchor Capital Advisors LLC now owns 56,211 shares of the company’s stock worth $1,233,000 after buying an additional 373 shares during the period. 80.98% of the stock is owned by institutional investors and hedge funds.

About Cardinal Financial Corp.

Cardinal Financial Corporation is a financial holding company. The Company owns Cardinal Bank (the Bank), a Virginia state-chartered community bank. The Bank operates in three business segments: commercial banking, mortgage banking and wealth management services. The commercial banking segment includes both commercial and consumer lending and provides customers such products as commercial loans, real estate loans, and other business financing and consumer loans.

5 Day Chart for NASDAQ:CFNL

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