Trade Report: Today: Zacks Investment Research lowers the Stock rating of CV Holdings Inc (CBF)

Today: Zacks Investment Research lowers the Stock rating of CV Holdings Inc (CBF)

CV Holdings Inc (NYSE:CBF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

According to Zacks, “Capital Bank Financial Corp. is a bank holding company focused on creating a regional banking franchise in the southeastern region of the United States through organic growth and acquisitions of other banks, including failed, underperforming and undercapitalized banks. The Bank’s products and services include commercial bank business, consumer bank business, Mortgage Banking, and Private Banking. Its deposit products include non-interest-bearing checking accounts, interest-bearing checking accounts, savings accounts, money market deposit accounts, certificates of deposit, and individual retirement accounts. The company’s commercial loans products comprise owner occupied commercial real estate construction and term loans; working capital loans and lines of credit; demand, term, and time loans; and equipment, inventory, and accounts receivable financing. Capital Bank Financial Corp. is based in Coral Gables, Florida. “

Separately, Credit Suisse Group AG reaffirmed a “hold” rating on shares of CV Holdings in a research note on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $33.00.

CV Holdings (NYSE:CBF) opened at 31.83 on Thursday. CV Holdings has a 52 week low of $27.12 and a 52 week high of $35.95. The firm has a market cap of $1.37 billion and a price-to-earnings ratio of 24.60. The company has a 50-day moving average of $31.57 and a 200-day moving average of $30.41.

CV Holdings (NYSE:CBF) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.04. Equities research analysts forecast that CV Holdings will post $1.68 earnings per share for the current fiscal year.

In other CV Holdings news, Director Martha M. Bachman sold 39,369 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of $29.03, for a total value of $1,142,882.07. Following the transaction, the director now directly owns 21,183 shares of the company’s stock, valued at $614,942.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Banc Funds Co. LLC raised its position in CV Holdings by 1.7% in the second quarter. Banc Funds Co. LLC now owns 605,524 shares of the company’s stock worth $17,439,000 after buying an additional 10,000 shares during the last quarter. Teachers Advisors Inc. raised its position in CV Holdings by 6.9% in the second quarter. Teachers Advisors Inc. now owns 47,833 shares of the company’s stock worth $1,378,000 after buying an additional 3,108 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in CV Holdings during the first quarter worth $180,000.

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