The New Ohcp Mgp Iii, Ltd Holding in Capital Bank Financial Corp
Ohcp Mgp Iii, Ltd filed with the SEC SC 13D form for Capital Bank Financial Corp. The form can be accessed here: 000114420416130223. As reported in Ohcp Mgp Iii, Ltd’s form, the filler as of late owns 6.7% or 2,482,259 shares of the Finance–company.
Capital Bank Financial Corp stake is a new one for the and it was filed because of activity on October26, 2016. We feel this shows Ohcp Mgp Iii, Ltd’s positive view for the stock.
Reasons Why Ohcp Mgp Iii, Ltd Bought – Capital Bank Financial Corp Stock
Item 4. Purpose of Transaction
The information set forth in Items 3 and6 hereof is hereby incorporated by reference into this Item 4.
The Oak Hill Funds acquired the Class ACommon Stock as described in this Schedule 13D for investment purposes. The investment was not motivated by an intent to exercisecontrol, directly or indirectly, over the management, policies or business operations of the Issuer.
Subject to the limitations imposed by theSupport Agreement (as defined below) and applicable federal and state securities laws, the Reporting Persons may, from time totime, seek to dispose of the Class A Common Stock (including, without limitation, distributing some or all of the Class A CommonStock to the Reporting Persons’ respective members, partners, stockholders or beneficiaries, as applicable) from time totime. To the extent permitted by applicable bank regulatory limitations, each Reporting Person may, from time to time, directlyor indirectly acquire additional shares of Class A Common Stock or associated rights or securities exercisable for or convertibleinto Class A Common Stock. Any decision relating to the above will depend upon an ongoing evaluation of the Reporting Persons’investment in Class A Common Stock and securities exercisable for or convertible into Class A Common Stock, the Issuer’sfinancial position and strategic direction, applicable legal restrictions, prevailing market conditions, liquidity requirementsof such Reporting Person and/or other investment considerations.
In addition, subject to the terms of theSupport Agreement and the Passivity Commitments (as defined below), the Reporting Persons may engage in discussions with management,the board of directors, other stockholders of the Issuer and other relevant parties concerning the business, operations, boardcomposition, management, strategy and future plans of the Issuer.
The foregoing references to the SupportAgreement do not purport to be complete and are subject to, and are qualified in their entirety by reference to, the full textof the Support Agreement, which is included as Exhibit 99.2 hereto and incorporated by reference into this Item 4.
Except as described in this Schedule 13D,each of the Reporting Persons and, to the knowledge of each of the Reporting Persons, each of the Related Persons has no presentplans or proposals that relate to or would result in any of the events set forth in clauses (a) through (j) of Item 4 of Schedule13D.
Capital Bank Financial Corp Institutional Sentiment
Latest Security and Exchange filings show 105 investors own Capital Bank Financial Corp. The institutional ownership in Q3 2015 is high, at 125.39% of the outstanding shares. This is increased by 4095122 the total institutional shares. 33076633 were the shares owned by these institutional investors. In total 11 funds opened new Capital Bank Financial Corp stakes, 36 increased stakes. There were 8 that closed positions and 39 reduced them.
5 managers had the stock in their top Ten. Notable investors are: Crestview Partners Ii Gp L.P., Fsi Group Llc, Reservoir Operations L.P., Oak Hill Advisors Lp, Investure Llc..
Oak Hill Advisors Lp is an institutional investor bullish on Capital Bank Financial Corp, owning 641922 shares as of Q3 2015 for 3.11% of its portfolio. Investure Llc owns 988133 shares or 6.25% of its portfolio. NY Reservoir Operations Lp have 11.54% of their stock portfolio for 750000 shares. Further, Fsi Group Llc reported stake worth 8.80% of its US stock portfolio. The NY Crestview Partners Ii Gp Lp owns 2883760 shares. Capital Bank Financial Corp is 66.46% of the manager’s US portfolio.
Capital Bank Financial Corp. (CBF) is a bank holding company whose business is conducted primarily through Capital Bank Corporation (the Bank). The Company operates in the financial services operations segment. The Company operates over 150 full service banking offices located in Florida, North Carolina, South Carolina, Tennessee and Virginia. Through its branches, the Company offers a range of commercial and consumer loans and deposits, as well as ancillary financial services. The Company’s commercial loan products include owner occupied and non-owner occupied commercial real estate; construction; working capital loans and lines of credit; demand, and time loans, and equipment, inventory and accounts receivable financing. Consumer loan products it offers include home equity loans and lines of credit; residential first lien mortgages; second lien mortgages; new and used auto loans; new and used boat loans; overdraft protection, and unsecured personal credit lines.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment decreased to 0.77 in 2016 Q2. Its down 0.37, from 1.14 in 2016Q1. The ratio dived, as 10 funds sold all Capital Bank Financial Corp shares owned while 42 reduced positions. 15 funds bought stakes while 25 increased positions. They now own 24.85 million shares or 3.04% less from 25.63 million shares in 2016Q1.
Manufacturers Life Insurance The holds 0% or 12,464 shares in its portfolio. Investure Ltd Liability holds 7.51% of its portfolio in Capital Bank Financial Corp (NASDAQ:CBF) for 988,133 shares. Ubs Asset Mgmt Americas Inc, a Illinois-based fund reported 13,968 shares. Amer Intll Group Inc Inc has invested 0% of its portfolio in Capital Bank Financial Corp (NASDAQ:CBF). Legal And General Gp Public Limited reported 3,291 shares or 0% of all its holdings. Ngam Advisors Limited Partnership last reported 0.02% of its portfolio in the stock. Hennessy Advisors holds 50,000 shares or 0.04% of its portfolio. Bartlett And Limited Liability Corporation accumulated 0% or 33 shares. Savings Bank Of America Corporation De holds 0% or 243,132 shares in its portfolio. Putnam Investments Limited Liability Corp has 0% invested in the company for 68,616 shares. Dalton Greiner Hartman Maher & reported 295,249 shares or 0.53% of all its holdings. Gsa Prns Llp holds 0.02% of its portfolio in Capital Bank Financial Corp (NASDAQ:CBF) for 14,468 shares. Wells Fargo And Mn reported 8,095 shares or 0% of all its holdings. Nwq Inv Mgmt Limited Liability accumulated 0.85% or 1.71M shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 651 shares or 0% of its portfolio.
The stock decreased 1.06% or $0.35 during the last trading session, hitting $32.6. About 115,552 shares traded hands or 28.08% up from the average. Capital Bank Financial Corp (NASDAQ:CBF) has risen 6.88% since March 28, 2016 and is uptrending. It has outperformed by 2.16% the S&P500.
Capital Bank Financial Corp. is a bank holding firm whose business is conducted primarily through Capital Bank Corporation (the Bank). The company has a market cap of $1.58 billion. The Firm operates in the financial services activities segment. It has a 23.64 P/E ratio. The Firm operates over 150 full service banking offices located in Florida, North Carolina, South Carolina, Tennessee and Virginia.
Capital Bank Financial Corp (NASDAQ:CBF) Ratings Coverage
Out of 3 analysts covering Capital Bank (NASDAQ:CBF), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $42 is the highest target while $31 is the lowest. The $35 average target is 7.36% above today’s ($32.6) stock price. Capital Bank has been the topic of 5 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Capital Bank Financial Corp (NASDAQ:CBF) has “Mkt Perform” rating given on Monday, July 27 by FBR Capital. Barclays Capital maintained the stock with “Overweight” rating in Thursday, October 22 report. Credit Suisse initiated Capital Bank Financial Corp (NASDAQ:CBF) on Wednesday, June 29 with “Neutral” rating. On Friday, October 21 the stock rating was maintained by FBR Capital with “Outperform”.
More notable recent Capital Bank Financial Corp (NASDAQ:CBF) news were published by: Bizjournals.com which released: “Capital Bank Financial Corp. officially keeps its headquarters in Charlotte now” on October 22, 2016, also Bna.com with their article: “Capital Bank Financial, CommunityOne Merger Approved” published on October 13, 2016, Charlotteobserver.com published: “Capital Bank profits rise as regulators mull pending deal” on July 21, 2016. More interesting news about Capital Bank Financial Corp (NASDAQ:CBF) were released by: Bizjournals.com and their article: “The List: Largest Triad Community Banks” published on October 14, 2016 as well as Bizjournals.com‘s news article titled: “Capital Bank closes acquisition of CommunityOne” with publication date: October 26, 2016.
According to Zacks Investment Research, “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.”
CBF Company Profile
Capital Bank Financial Corp. (CBF), incorporated on November 30, 2009, is a bank holding firm whose business is conducted primarily through Capital Bank Corporation (the Bank). The Firm operates in the financial services activities segment. The Firm operates over 150 full service banking offices located in Florida, North Carolina, South Carolina, Tennessee and Virginia. Through its branches, the Company offers a range of commercial and consumer loans and deposits, as well as ancillary financial services.
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