California First National Bancorp’s (CFNB) “Underperform” Rating Reaffirmed at RBC Capital Markets
California First National Bancorp (NASDAQ:CFNB)‘s stock had its “underperform” rating reiterated by investment analysts at RBC Capital Markets in a research report issued on Saturday. They currently have a $27.00 target price on the financial services provider’s stock, down from their prior target price of $31.00. RBC Capital Markets’ target price would suggest a potential upside of 92.86% from the stock’s previous close.
Separately, Scotiabank reaffirmed a “sector perform” rating and issued a $30.00 price target on shares of California First National Bancorp in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $26.20.
California First National Bancorp (NASDAQ:CFNB) opened at 14.00 on Friday. California First National Bancorp has a one year low of $12.76 and a one year high of $15.49. The stock has a market capitalization of $143.91 million, a PE ratio of 16.87 and a beta of 0.56. The firm has a 50-day moving average of $14.68 and a 200-day moving average of $14.48.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/08/california-first-national-bancorps-cfnb-underperform-rating-reaffirmed-at-rbc-capital-markets.html
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Fund Advisors raised its position in California First National Bancorp by 19,653.8% in the second quarter. BlackRock Fund Advisors now owns 56,496 shares of the financial services provider’s stock worth $834,000 after buying an additional 56,210 shares during the last quarter. Vanguard Group Inc. raised its position in California First National Bancorp by 9.2% in the second quarter. Vanguard Group Inc. now owns 47,613 shares of the financial services provider’s stock worth $704,000 after buying an additional 3,995 shares during the last quarter. M3F Inc. raised its position in California First National Bancorp by 0.8% in the second quarter. M3F Inc. now owns 385,582 shares of the financial services provider’s stock worth $5,695,000 after buying an additional 3,207 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in California First National Bancorp by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 13,746 shares of the financial services provider’s stock worth $203,000 after buying an additional 415 shares during the last quarter. 12.77% of the stock is owned by institutional investors and hedge funds.
California First National Bancorp Company Profile
California First National Bancorp is a bank holding company. The Company operates through two business segments: CalFirst Leasing and CalFirst Bank. Its primary business is secured financing provided through leasing and financing capital assets, commercial loans acquired through participation in the syndicated commercial loan market, by providing non-recourse loans to third parties secured by leases and equipment, and direct commercial loans.
Receive News & Ratings for California First National Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for California First National Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.