Capital Bank Financial Corp. (CBF) Short Interest Update
Capital Bank Financial Corp. (NASDAQ:CBF) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 391,853 shares, a drop of 24.8% from the May 31st total of 521,122 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average trading volume of 404,400 shares, the short-interest ratio is currently 1.0 days.
Shares of Capital Bank Financial Corp. (CBF) opened at 38.10 on Friday. The company has a 50 day moving average of $37.84 and a 200 day moving average of $39.80. Capital Bank Financial Corp. has a 52 week low of $27.71 and a 52 week high of $45.00. The firm has a market cap of $1.97 billion, a PE ratio of 26.28 and a beta of 0.46.
Several analysts have recently commented on CBF shares. FBR & Co restated an “outperform” rating on shares of Capital Bank Financial Corp. in a research note on Friday, March 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $41.00 target price on shares of Capital Bank Financial Corp. in a research note on Thursday, April 6th. Barclays PLC raised their target price on shares of Capital Bank Financial Corp. from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 12th. Brean Capital cut shares of Capital Bank Financial Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, BidaskClub upgraded shares of Capital Bank Financial Corp. from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $43.33.
About Capital Bank Financial Corp.
Capital Bank Financial Corp. is a bank holding company whose business is conducted through Capital Bank Corporation (the Bank). The Company, through its branches, offers a range of commercial and consumer loans and deposits, as well as ancillary financial services. It offers a range of commercial loan products, including owner occupied and non-owner occupied commercial real estate; construction; working capital loans and lines of credit; demand and time loans, and equipment, inventory and accounts receivable financing.
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