Exclusive: Is Buying 52-Week Stock Like Cardinal Financial Corporation a Winning Strategy?

Exclusive: Is Buying 52 Week Stock Like Cardinal Financial Corporation a Winning Strategy?

The stock of Cardinal Financial Corporation (NASDAQ:CFNL) hit a new 52-week high and has $34.99 target or 9.00% above today’s $32.10 share price. The 7 months bullish chart indicates low risk for the $1.05B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $34.99 price target is reached, the company will be worth $94.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 53,490 shares traded hands. Cardinal Financial Corporation (NASDAQ:CFNL) has risen 46.07% since April 28, 2016 and is uptrending. It has outperformed by 40.15% 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 $11.78 million for 22.29 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. Raymond James downgraded Cardinal Financial Corporation (NASDAQ:CFNL) on Friday, August 19 to “Market Perform” rating. Keefe Bruyette & Woods downgraded Cardinal Financial Corporation (NASDAQ:CFNL) on Monday, August 22 to “Mkt Perform” rating. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Friday, January 22.

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 dived, 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, Legal & General Public Limited Co has 0% invested in Cardinal Financial Corporation (NASDAQ:CFNL) for 4,736 shares. Vanguard holds 1.56 million shares or 0% of its portfolio. Jpmorgan Chase & Communications owns 139,794 shares or 0% of their US portfolio. Goldman Sachs Gru last reported 0% of its portfolio in the stock. Arizona State Retirement Sys holds 0.01% or 16,879 shares in its portfolio. First Mercantile Tru accumulated 0.02% or 8,230 shares. Creative Planning holds 0% or 2,588 shares in its portfolio. Alpenglow Capital Lp has 0.89% invested in the company for 44,400 shares. Parametric Port Ltd Liability has invested 0% of its portfolio in Cardinal Financial Corporation (NASDAQ:CFNL). Jupiter Asset Ltd reported 293,827 shares or 0.25% of all its holdings. State Board Of Administration Of Florida Retirement Sys has 42,643 shares for 0% of their US portfolio. Boston Advsr Limited Liability Com last reported 237,210 shares in the company. Sandy Spring Bancorp reported 3,690 shares or 0.01% of all its holdings. Mairs And Power reported 311,906 shares or 0.09% of all its holdings. Blackrock Fund Advisors accumulated 2.11 million shares or 0.01% of the stock.

Insider Transactions: Since June 29, 2016, the stock had 0 insider buys, and 3 insider sales for $8.38 million net activity. $316,521 worth of Cardinal Financial Corporation (NASDAQ:CFNL) was sold by Wendel Mark A. BERGSTROM CHRISTOPHER W sold $2.15M worth of Cardinal Financial Corporation (NASDAQ:CFNL) on Friday, August 26. Another trade for 223,329 shares valued at $5.92M was sold by CLINEBURG BERNARD H.

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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