News coverage about Cardinal Financial (NASDAQ:CFNL) has been trending somewhat positive this week, according to Alpha One Sentiment. The research group, a service of Accern, ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cardinal Financial earned a news impact score of 0.16 on Alpha One’s scale. Alpha One also assigned news headlines about the bank an impact score of 87 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the near term.
Shares of Cardinal Financial (CFNL) traded down 0.24% during midday trading on Friday, hitting $29.04. The stock’s 50-day moving average is $29.54 and its 200-day moving average is $30.10. Cardinal Financial has a 52 week low of $20.37 and a 52 week high of $34.75.
Cardinal Financial (NASDAQ:CFNL) last announced its earnings results on Tuesday, April 11th. The bank reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.06. Cardinal Financial had a return on equity of 10.86% and a net margin of 27.09%. The firm had revenue of $45.68 million for the quarter, compared to analyst estimates of $48.46 million. During the same quarter last year, the business posted $0.39 EPS. On average, equities research analysts anticipate that Cardinal Financial will post $1.65 earnings per share for the current year.
Separately, Keefe, Bruyette & Woods restated a “hold” rating and set a $31.00 price objective on shares of Cardinal Financial in a research report on Monday, April 10th.
COPYRIGHT VIOLATION WARNING: This piece was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.chaffeybreeze.com/2017/06/11/somewhat-favorable-press-coverage-very-likely-to-impact-cardinal-financial-cfnl-share-price-updated-updated-updated.html.
In other Cardinal Financial news, insider Christopher W. Bergstrom sold 27,296 shares of Cardinal Financial stock in a transaction on Monday, April 17th. The shares were sold at an average price of $27.58, for a total value of $752,823.68. Following the transaction, the insider now owns 10,305 shares in the company, valued at approximately $284,211.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Alice P. Frazier sold 91,333 shares of Cardinal Financial stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $27.90, for a total transaction of $2,548,190.70. Following the completion of the transaction, the chief operating officer now owns 37,676 shares in the company, valued at approximately $1,051,160.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,483 shares of company stock worth $4,262,438. 6.23% of the stock is owned by company insiders.
About Cardinal Financial
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.
Receive News & Ratings for Cardinal Financial Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Cardinal Financial Co. and related companies with MarketBeat.com’s FREE daily email newsletter.