Cardinal Financial Corp (CFNL) Files Form 4 Insider Selling : Mark A Wendel Sells 15,000 Shares

Cardinal Financial Corp (CFNL): Mark A Wendel , EVP/Chief Financial Officer of Cardinal Financial Corp sold 15,000 shares on Jun 29, 2016. The Insider selling transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were sold at $21.10 per share for a total value of $316,521.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 26, 2016, William G Buck (director) purchased 1,000 shares at $19.18 per share price.On Feb 18, 2016, Alice M Starr (director) purchased 1,000 shares at $19.08 per share price.Also, On Nov 24, 2015, F Kevin Reynolds (President, Cardinal Bank, N.A.) sold 24,069 shares at $24.20 per share price.On Jan 2, 2015, Sidney O Dewberry (director) purchased 10,000 shares at $20.59 per share price.

Cardinal Financial Corporation: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in Cardinal Financial Corporation which led to swings in the share price. The shares opened for trading at $20.81 and hit $21.19 on the upside , eventually ending the session at $21.15, with a gain of 2.77% or 0.57 points. The heightened volatility saw the trading volume jump to 1,43,883 shares. The 52-week high of the share price is $24.99 and the company has a market cap of $686 M . The 52-week low of the share price is at $17.51.

Cardinal Financial Corporation Money Flow Index Chart

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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