The stock of Cardinal Financial Corporation (NASDAQ:CFNL) reached all time high today, Nov, 14 and still has $50.66 target or 64.00% above today’s $30.89 share price. This indicates more upside for the $1.06 billion company. This technical setup was reported by Barchart.com. If the $50.66 PT is reached, the company will be worth $678.40 million 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. About 148,421 shares traded hands or 15.29% up from the average. Cardinal Financial Corporation (NASDAQ:CFNL) has risen 57.08% since April 12, 2016 and is uptrending. It has outperformed by 52.09% the S&P500.
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 stock of Cardinal Financial Corporation (NASDAQ:CFNL) earned “Mkt Perform” rating by Keefe Bruyette & Woods on Monday, August 22. The stock of Cardinal Financial Corporation (NASDAQ:CFNL) has “Outperform” rating given on Friday, January 22 by Keefe Bruyette & Woods. The company was downgraded on Friday, August 19 by Raymond James.
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 increased to 1.29 in 2016 Q2. Its up 0.02, from 1.27 in 2016Q1. The ratio is positive, 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.
Metropolitan Life Ins Communications New York last reported 22,736 shares in the company. Dreman Value Mngmt L L C has 112 shares for 0% of their US portfolio. Ubs Asset Mngmt Americas reported 18,498 shares or 0% of all its holdings. Wasatch Advsrs reported 280,004 shares or 0.09% of all its holdings. Texas Permanent School Fund accumulated 24,786 shares or 0.01% of the stock. State Teachers Retirement System holds 0% or 14,155 shares in its portfolio. Blackrock Inc holds 0% of its portfolio in Cardinal Financial Corporation (NASDAQ:CFNL) for 7,453 shares. Deutsche Retail Bank Ag, a Germany-based fund reported 45,120 shares. Sei has 10,242 shares for 0% of their US portfolio. Legal And General Public Limited Co last reported 0% of its portfolio in the stock. The Nebraska-based First Savings Bank Of Omaha has invested 0.08% in Cardinal Financial Corporation (NASDAQ:CFNL). Tributary Mgmt Ltd Liability Company accumulated 542,678 shares or 1.74% of the stock. Sandy Spring Bankshares has 0.01% invested in the company for 3,690 shares. Prudential Financial owns 96,261 shares or 0% of their US portfolio. The California-based Schwab Charles Invest Mngmt Incorporated has invested 0% 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. Wendel Mark A also sold $316,521 worth of Cardinal Financial Corporation (NASDAQ:CFNL) on Wednesday, June 29. Shares for $5.92 million were sold by CLINEBURG BERNARD H. $2.15 million worth of Cardinal Financial Corporation (NASDAQ:CFNL) was sold by BERGSTROM CHRISTOPHER W on Friday, August 26.
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. Equitiesfocus.com‘s article titled: “Cardinal Financial Corporation (NASDAQ:CFNL) Dividend At $0.12 Per Share” and published on November 14, 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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