Live Price Coverage: Does Cardinal Financial Corporation Have More Gas After Making Record High?

Live Price Coverage: Does Cardinal Financial Corporation Have More Gas After Making Record High?

The stock of Cardinal Financial Corporation (NASDAQ:CFNL) reached all time high today, Nov, 24 and still has $34.10 target or 6.00% above today’s $32.17 share price. This indicates more upside for the $1.07 billion company. This technical setup was reported by Barchart.com. If the $34.10 PT is reached, the company will be worth $64.20M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.50% or $0.16 on November 23, hitting $32.17. About 69,054 shares traded hands. Cardinal Financial Corporation (NASDAQ:CFNL) has risen 51.53% since April 22, 2016 and is uptrending. It has outperformed by 46.12% the S&P500.

Analysts await Cardinal Financial Corporation (NASDAQ:CFNL) to report earnings on January, 18. They expect $0.36 EPS, up 33.33% or $0.09 from last year’s $0.27 per share. CFNL’s profit will be $11.97 million for 22.34 P/E if the $0.36 EPS becomes a reality. After $0.41 actual EPS reported by Cardinal Financial Corporation for the previous quarter, Wall Street now forecasts -12.20% negative EPS growth.

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. Cardinal Financial Corporation has been the topic of 6 analyst reports since July 17, 2015 according to StockzIntelligence Inc. The rating was downgraded by Keefe Bruyette & Woods on Monday, August 22 to “Mkt Perform”. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Friday, January 22 report. Raymond James downgraded the stock to “Market Perform” rating in Friday, August 19 report.

According to Zacks Investment Research, “Cardinal Financial Corporation is a bank holding company. Through its bank subsidiaries, Cardinal Financial Corporation pursues a community banking strategy by offering a broad range of banking products to individuals, professionals and small to medium-sized businesses, with an emphasis on personalized service and local decision-making authority.”

Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.40, from 1.29 in 2016Q1. The ratio is negative, 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.
Prudential holds 0% or 96,261 shares in its portfolio. Fincl Bank Of Mellon accumulated 1.11 million shares or 0.01% of the stock. Louisiana State Employees Retirement Systems, a Louisiana-based fund reported 14,400 shares. Barclays Public Limited holds 0% or 1,341 shares in its portfolio. Renaissance Technologies Limited Liability Company last reported 155,200 shares in the company. Wells Fargo And Mn owns 166,257 shares or 0% of their US portfolio. Bnp Paribas Arbitrage accumulated 0% or 10,090 shares. Ameriprise Fincl holds 155,395 shares or 0% of its portfolio. Alps Advsrs Inc accumulated 0% or 20,037 shares. Moreover, Great Lakes Advsr Llc has 0.02% invested in Cardinal Financial Corporation (NASDAQ:CFNL) for 38,338 shares. Mairs & holds 0.09% of its portfolio in Cardinal Financial Corporation (NASDAQ:CFNL) for 311,906 shares. Pinebridge Investments Lp holds 4,111 shares or 0% of its portfolio. Anchor Capital Limited Liability has invested 0.03% of its portfolio in Cardinal Financial Corporation (NASDAQ:CFNL). Blackrock Gru last reported 0% of its portfolio in the stock. Mark Sheptoff Fin Planning Limited Liability Corp has invested 0% of its portfolio in Cardinal Financial Corporation (NASDAQ:CFNL).

Insider Transactions: Since June 29, 2016, the stock had 0 insider purchases, and 3 insider sales for $8.38 million net activity. $2.15 million worth of Cardinal Financial Corporation (NASDAQ:CFNL) was sold by BERGSTROM CHRISTOPHER W on Friday, August 26. Shares for $5.92 million were sold by CLINEBURG BERNARD H. The insider Wendel Mark A sold $316,521.

More news for Cardinal Financial Corporation (NASDAQ:CFNL) were recently published by: Businesswire.com, which released: “United Bankshares, Inc. and Cardinal Financial Corporation Announce Merger …” on August 18, 2016. Reuters.com‘s article titled: “BRIEF-Cardinal Financial Corp reports Q3 earnings of $0.37 per share” and published on October 19, 2016 is yet another important article.

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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