Cardinal Financial Corporation (NASDAQ:CFNL) is expected to pay $0.12 on Nov 21, 2016. The indicated annual dividend is $0.48. Shareholders owning the stock before Nov 1, 2016 will be eligible to receive the payout. Based on Cardinal Financial Corporation’s current price of $25.63, the dividend is 0.47%. This dividend’s record date is Nov 3, 2016 and the announcement date is Oct 21, 2016. The stock decreased 0.85% or $0.22 on October 28, hitting $25.63. Cardinal Financial Corporation (NASDAQ:CFNL) has risen 25.45% since March 29, 2016 and is uptrending. It has outperformed by 21.98% the S&P500.
Cardinal Financial Corporation is a financial holding company. The company has a market cap of $824.85 million. The Firm owns Cardinal Bank , a Virginia state-chartered community bank. It has a 17.64 P/E ratio. The Bank operates in three business divisions: commercial banking, mortgage banking and wealth management services.
Insitutional Activity: The institutional sentiment increased to 1.29 in Q2 2016. Its up 0.02, from 1.27 in 2016Q1. The ratio increased, as 11 funds sold all Cardinal Financial Corporation shares owned while 40 reduced positions. 11 funds bought stakes while 55 increased positions. They now own 23.51 million shares or 5.07% less from 24.77 million shares in 2016Q1.
Moreover, Pub Sector Pension Board has 0.01% invested in Cardinal Financial Corporation (NASDAQ:CFNL) for 22,191 shares. Aperio Group Lc accumulated 0% or 12,079 shares. Wesbanco Bancorp holds 0.14% of its portfolio in Cardinal Financial Corporation (NASDAQ:CFNL) for 105,000 shares. Goldman Sachs Grp Inc Incorporated holds 34,539 shares or 0% of its portfolio. Dimensional Fund Advsr L P holds 0.02% or 1.68M shares in its portfolio. D E Shaw Company accumulated 0% or 16,246 shares. New York State Teachers Retirement System accumulated 0% or 14,155 shares. Nordea Mgmt Ab has 1.20M shares for 0.08% of their US portfolio. Boston Advsrs Limited Liability holds 0.13% or 237,210 shares in its portfolio. Moreover, Northstar Asset Mngmt Lc has 0.09% invested in Cardinal Financial Corporation (NASDAQ:CFNL) for 10,000 shares. Manufacturers Life Insur Communications The last reported 0% of its portfolio in the stock. Rhumbline Advisers, a Massachusetts-based fund reported 46,301 shares. Legal And General Grp Public Ltd Com last reported 4,736 shares in the company. Ig Investment Management accumulated 0% or 23,085 shares. Pnc Financial Svcs Grp has 43,073 shares for 0% of their US portfolio.
Insider Transactions: Since June 29, 2016, the stock had 0 buys, and 3 selling transactions for $8.38 million net activity. $5.92 million worth of Cardinal Financial Corporation (NASDAQ:CFNL) was sold by CLINEBURG BERNARD H on Monday, August 29. $316,521 worth of shares were sold by Wendel Mark A on Wednesday, June 29. 80,993 shares were sold by BERGSTROM CHRISTOPHER W, worth $2.15M on Friday, August 26.
Cardinal Financial Corporation (NASDAQ:CFNL) Ratings Coverage
Out of 4 analysts covering Cardinal Financial Corporation (NASDAQ:CFNL), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. $24 is the highest target while $22 is the lowest. The $23 average target is -10.26% below today’s ($25.63) stock price. Cardinal Financial Corporation has been the topic of 6 analyst reports since July 17, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Friday, January 22. Raymond James downgraded the stock to “Market Perform” rating in Friday, August 19 report. The stock has “Mkt Perform” rating given by Keefe Bruyette & Woods on Monday, August 22.
More recent Cardinal Financial Corporation (NASDAQ:CFNL) news were published by: Businesswire.com which released: “United Bankshares, Inc. and Cardinal Financial Corporation Announce Merger …” on August 18, 2016. Also Reuters.com published the news titled: “BRIEF-Cardinal Financial Corp reports Q3 earnings of $0.37 per share” on October 19, 2016. Businesswire.com‘s news article titled: “Cardinal Financial Corporation Announces Bernard H. Clineburg to assume …” with publication date: November 04, 2015 was also an interesting one.
CFNL Company Profile
Cardinal Financial Corporation, incorporated on June 6, 2001, is a financial holding company. The Firm owns Cardinal Bank (the Bank), a Virginia state-chartered community bank with approximately 30 banking offices located in Northern Virginia, Maryland and the greater Washington, District of Columbia (DC) metropolitan area. The Bank operates in three business divisions: commercial banking, mortgage banking and wealth management services. The commercial banking segment includes both commercial and consumer lending and provides clients such products as commercial loans, real estate loans, and other business financing and consumer loans. In addition, commercial banking segment provides clients with several choices of deposit products, including demand deposit accounts, savings accounts and certificates of deposit. The mortgage banking segment is engaged primarily in the origination and acquisition of residential mortgages for sale into the secondary market. The wealth management services segment provides investment and financial advisory services to businesses and individuals, including financial planning, retirement/estate planning and investment management.
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