Tributary Capital Management buys $10,525,147 stake in Cardinal Financial Corporation (CFNL)

Cardinal Financial Corporation (CFNL) : Tributary Capital Management scooped up 42,096 additional shares in Cardinal Financial Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 487,501 shares of Cardinal Financial Corporation which is valued at $10,525,147.Cardinal Financial Corporation makes up approximately 1.65% of Tributary Capital Management’s portfolio.

Cardinal Financial Corporation opened for trading at $21.19 and hit $21.59 on the upside on Friday, eventually ending the session at $21.59, with a gain of 1.17% or 0.25 points. The heightened volatility saw the trading volume jump to 1,26,372 shares. Company has a market cap of $700 M.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in CFNL in the latest quarter, The investment management firm added 5,680 additional shares and now holds a total of 55,695 shares of Cardinal Financial Corporation which is valued at $1,202,455.Stoneridge Investment Partners reduced its stake in CFNL by selling 14,227 shares or 18.84% in the most recent quarter. The Hedge Fund company now holds 61,300 shares of CFNL which is valued at $1,356,569. Cardinal Financial Corporation makes up approx 0.20% of Stoneridge Investment Partners’s portfolio. Punch Associates Investment Management sold out all of its stake in CFNL during the most recent quarter. The investment firm sold 100 shares of CFNL which is valued $2,213.

On the company’s financial health, Cardinal Financial Corporation reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.33.Analysts expectations of $ 42.10.During the same quarter in the previous year, the company posted $0.30 EPS.

Cardinal Financial Corporation is a financial holding company. The Company through its subsidiary Cardinal Bank (the Bank) offers traditional bank loan and deposit products and services to both commercial and retail customers with 32 banking offices located in Northern Virginia Maryland and the greater Washington District of Columbia metropolitan area. The Bank operates in three business segments: commercial banking mortgage banking and wealth management services. The commercial banking segment includes both commercial and consumer lending and provides customers such products as commercial loans real estate loans and other business financing and consumer loans. The mortgage banking segment is engaged in the origination and acquisition of residential mortgages for sale into the secondary market on a best efforts basis. The wealth management services segment provides investment and financial advisory services to businesses and individuals.

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