Media headlines about Cardinal Financial (NASDAQ:CFNL) have been trending positive recently, according to Alpha One. The research firm, a service of Accern, identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cardinal Financial earned a news sentiment score of 0.43 on Alpha One’s scale. Alpha One also gave media stories about the bank an impact score of 0 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near future.
Separately, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $31.00 price target on shares of Cardinal Financial in a research report on Monday, April 10th.
Shares of Cardinal Financial (NASDAQ:CFNL) remained flat at $29.04 during mid-day trading on Tuesday. Cardinal Financial has a 12 month low of $20.37 and a 12 month high of $34.75. The stock’s 50-day moving average price is $29.54 and its 200-day moving average price is $30.10.
Cardinal Financial (NASDAQ:CFNL) last announced its earnings results on Tuesday, April 11th. The bank reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.06. Cardinal Financial had a return on equity of 12.11% and a net margin of 22.75%. The firm had revenue of $45.68 million for the quarter, compared to the consensus estimate of $48.46 million. During the same period in the previous year, the firm earned $0.39 EPS. On average, equities research analysts predict that Cardinal Financial will post $1.65 EPS for the current fiscal year.
In other Cardinal Financial news, COO Alice P. Frazier sold 91,333 shares of the company’s stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $27.90, for a total value of $2,548,190.70. Following the transaction, the chief operating officer now owns 37,676 shares of the company’s stock, valued at $1,051,160.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director B G. Beck sold 3,850 shares of the business’s stock in a transaction on Wednesday, April 19th. The shares were sold at an average price of $28.47, for a total transaction of $109,609.50. Following the sale, the director now directly owns 138,144 shares in the company, valued at $3,932,959.68. The disclosure for this sale can be found here. Insiders sold 152,483 shares of company stock worth $4,262,438 in the last ninety days. 6.23% of the stock is owned by corporate insiders.
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Cardinal Financial Company Profile
Cardinal Financial Corporation is a financial holding company. The Company owns Cardinal Bank (the Bank), a Virginia state-chartered community bank. The Bank operates in three business segments: commercial banking, mortgage banking and wealth management services. The commercial banking segment includes both commercial and consumer lending and provides customers such products as commercial loans, real estate loans, and other business financing and consumer loans.
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