CV Holdings Inc to Issue Quarterly Dividend of $0.12 (CBF)
CV Holdings Inc (NYSE:CBF) declared a quarterly dividend on Monday, October 23rd, Wall Street Journal reports. Shareholders of record on Friday, November 3rd will be given a dividend of 0.12 per share on Monday, November 13th. This represents a $0.48 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Thursday, November 2nd.
CV Holdings has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Analysts expect CV Holdings to earn $2.20 per share next year, which means the company should continue to be able to cover its $0.48 annual dividend with an expected future payout ratio of 21.8%.
CV Holdings (CBF) traded down 1.44% on Monday, reaching $40.95. 156,032 shares of the company’s stock were exchanged. CV Holdings has a 12 month low of $31.20 and a 12 month high of $45.00. The firm has a market capitalization of $2.12 billion and a price-to-earnings ratio of 27.12. The firm has a 50-day moving average of $39.60 and a 200-day moving average of $39.07.
CV Holdings (NYSE:CBF) last announced its earnings results on Thursday, October 19th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $100.69 million for the quarter, compared to analyst estimates of $99.98 million. On average, equities analysts expect that CV Holdings will post $1.97 earnings per share for the current year.
In other CV Holdings news, Director Crestview Partners Ii Gp, L.P. sold 2,500,000 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $38.00, for a total transaction of $95,000,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
A number of brokerages recently issued reports on CBF. Brean Capital reiterated a “hold” rating on shares of CV Holdings in a research report on Friday. BidaskClub cut shares of CV Holdings from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $42.40.
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CV Holdings Company Profile
Capital Bank Financial Corp. operates as the bank holding company for Capital Bank Corporation that provides various commercial and consumer banking products and services, and ancillary financial services to individuals and businesses in the southeastern region of the United States. It offers various deposit products, such as non-interest-bearing checking, interest-bearing checking, savings, money market deposit, and individual retirement accounts; and certificates of deposit.
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