Shares of Cardinal Financial Corp. (NASDAQ:CFNL) have been assigned an average rating of “Hold” from the five ratings firms that are presently covering the stock. Five analysts have rated the stock with a hold recommendation. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $22.00.
Several equities analysts have recently commented on CFNL shares. Raymond James Financial Inc. downgraded shares of Cardinal Financial Corp. from an “outperform” rating to a “market perform” rating in a report on Friday, August 19th. Zacks Investment Research downgraded shares of Cardinal Financial Corp. from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Keefe, Bruyette & Woods downgraded shares of Cardinal Financial Corp. from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $24.00 to $27.00 in a report on Monday, August 22nd.
In related news, insider Christopher W. Bergstrom sold 80,993 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $26.50, for a total value of $2,146,314.50. Following the sale, the insider now owns 97,476 shares in the company, valued at $2,583,114. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.23% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in CFNL. Bank of Montreal Can acquired a new stake in shares of Cardinal Financial Corp. during the second quarter valued at $11,483,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Cardinal Financial Corp. during the third quarter valued at $8,945,000. Wedge Capital Management L L P NC boosted its stake in shares of Cardinal Financial Corp. by 89.7% in the second quarter. Wedge Capital Management L L P NC now owns 619,857 shares of the company’s stock valued at $13,600,000 after buying an additional 293,103 shares in the last quarter. Boston Advisors LLC acquired a new stake in shares of Cardinal Financial Corp. during the second quarter valued at $5,204,000. Finally, Rothschild Asset Management Inc. acquired a new stake in shares of Cardinal Financial Corp. during the second quarter valued at $3,179,000. Institutional investors own 80.90% of the company’s stock.
Shares of Cardinal Financial Corp. (NASDAQ:CFNL) opened at 25.63 on Wednesday. The stock has a market cap of $840.74 million, a PE ratio of 17.54 and a beta of 1.14. The firm’s 50-day moving average is $25.91 and its 200 day moving average is $23.86. Cardinal Financial Corp. has a 12 month low of $17.51 and a 12 month high of $28.16.
Cardinal Financial Corp. (NASDAQ:CFNL) last released its earnings results on Wednesday, October 19th. The company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. Cardinal Financial Corp. had a net margin of 27.86% and a return on equity of 11.61%. During the same period in the prior year, the firm earned $0.34 EPS. On average, equities analysts predict that Cardinal Financial Corp. will post $1.55 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 21st. Investors of record on Thursday, November 3rd will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.87%. The ex-dividend date is Tuesday, November 1st. Cardinal Financial Corp.’s dividend payout ratio is presently 33.10%.