Cardinal Financial Corp. (CFNL) Scheduled to Post Earnings on Thursday
Cardinal Financial Corp. (NASDAQ:CFNL) is set to announce its Q3 earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $0.37 per share for the quarter.
Cardinal Financial Corp. (NASDAQ:CFNL) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.06. Cardinal Financial Corp. had a net margin of 23.29% and a return on equity of 11.27%. During the same quarter in the prior year, the business posted $0.40 EPS. On average, analysts expect Cardinal Financial Corp. to post $1.57 EPS for the current fiscal year and $1.58 EPS for the next fiscal year.
Shares of Cardinal Financial Corp. (NASDAQ:CFNL) opened at 25.41 on Wednesday. Cardinal Financial Corp. has a 12 month low of $17.51 and a 12 month high of $28.16. The company has a market capitalization of $824.78 million, a P/E ratio of 17.88 and a beta of 1.14. The stock’s 50 day moving average is $26.06 and its 200 day moving average is $23.57.
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Several research analysts recently commented on the stock. Keefe, Bruyette & Woods lowered shares of Cardinal Financial Corp. from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $24.00 to $27.00 in a research note on Monday, August 22nd. Raymond James Financial Inc. lowered shares of Cardinal Financial Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, August 19th. Finally, Zacks Investment Research downgraded shares of Cardinal Financial Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Five research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $23.40.
In other Cardinal Financial Corp. news, insider Christopher W. Bergstrom sold 80,993 shares of the business’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $26.50, for a total transaction of $2,146,314.50. Following the sale, the insider now owns 97,476 shares of the company’s stock, valued at approximately $2,583,114. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 6.23% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in CFNL. Arizona State Retirement System increased its stake in Cardinal Financial Corp. by 1.8% in the second quarter. Arizona State Retirement System now owns 16,879 shares of the company’s stock valued at $370,000 after buying an additional 300 shares in the last quarter. Aristotle Capital Boston LLC increased its stake in Cardinal Financial Corp. by 4.6% in the second quarter. Aristotle Capital Boston LLC now owns 100,639 shares of the company’s stock valued at $2,208,000 after buying an additional 4,425 shares in the last quarter. Bridgeway Capital Management Inc. increased its stake in Cardinal Financial Corp. by 0.7% in the second quarter. Bridgeway Capital Management Inc. now owns 49,828 shares of the company’s stock valued at $1,093,000 after buying an additional 350 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Cardinal Financial Corp. by 3.6% in the second quarter. Parametric Portfolio Associates LLC now owns 40,895 shares of the company’s stock valued at $897,000 after buying an additional 1,430 shares in the last quarter. Finally, FJ Capital Management LLC increased its stake in Cardinal Financial Corp. by 10.6% in the second quarter. FJ Capital Management LLC now owns 490,000 shares of the company’s stock valued at $10,747,000 after buying an additional 47,000 shares in the last quarter. 80.90% of the stock is currently owned by institutional investors.
Cardinal Financial Corp. Company Profile
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.
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