Capital Bank Financial Corp (CBF) was Initiated by Credit Suisse to “Neutral” and the brokerage firm has set the Price Target at $33. Credit Suisse advised their investors in a research report released on Jun 29, 2016.
Capital Bank Financial Corp closed down -1.14 points or -3.86% at $28.42 with 3,05,552 shares getting traded on Monday. Post opening the session at $29.18, the shares hit an intraday low of $28.28 and an intraday high of $29.18 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Dec 3, 2015, Oscar A Iii Keller (director) sold 2,200 shares at $33.81 per share price. According to the SEC, on Aug 3, 2015, Martha M Bachman (director) sold 8,100 shares at $29.66 per share price. On Apr 28, 2015, Kenneth A. Posner (officer ) purchased 3,500 shares at $27.68 per share price, according to the Form-4 filing with the securities and exchange commission.
Capital Bank Financial Corp. (CBF) is a bank holding company whose business is conducted primarily through Capital Bank National Association (Capital Bank NA or the Bank). The Company operates 162 full service banking offices located in Florida North Carolina South Carolina Tennessee and Virginia. Through its branches the Company offers a range of commercial and consumer loans and deposits as well as ancillary financial services. The Company focuses its commercial bank business on loan originations for small and middle-market businesses. The consumer bank business line consists of Capital Banks retail banking branches and associated businesses. Its mortgage banking capabilities include conventional and nonconforming mortgage underwriting and construction and permanent financing. Through wealth management the Company offers investment accounts providing access to mutual funds annuities and other financial products.