Trade Report: The RBC Capital Markets Reiterates Underperform Rating for California First National Bancorp (CFNB)

The RBC Capital Markets Reiterates Underperform Rating for California First National Bancorp (CFNB)

California First National Bancorp (NASDAQ:CFNB)‘s stock had its “underperform” rating reissued by analysts at RBC Capital Markets in a report released on Saturday. They currently have a $27.00 price objective on the financial services provider’s stock, down from their previous price objective of $31.00. RBC Capital Markets’ price target would suggest a potential upside of 92.86% from the company’s previous close.

Separately, Scotiabank reissued a “sector perform” rating and issued a $30.00 price objective on shares of California First National Bancorp in a research 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 issued a buy rating to the stock. California First National Bancorp currently has an average rating of “Hold” and an average target price of $26.20.

California First National Bancorp (NASDAQ:CFNB) opened at 14.00 on Friday. California First National Bancorp has a 52-week low of $12.76 and a 52-week high of $15.49. The company has a market cap of $143.91 million, a PE ratio of 16.87 and a beta of 0.56. The firm’s 50-day moving average price is $14.68 and its 200 day moving average price is $14.48.

10/08/rbc-capital-markets-reiterates-underperform-rating-for-california-first-national-bancorp-cfnb.html

Several hedge funds and other institutional investors have recently modified their holdings of CFNB. Bank of New York Mellon Corp boosted its position in shares of 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 in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 period. BlackRock Fund Advisors boosted its stake in shares of 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 period. Finally, M3F Inc. boosted its stake in shares of 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 period. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

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