Context Bh Capital Management Lp buys $912,744 stake in Cardinal Financial Corporation (CFNL)

Cardinal Financial Corporation (CFNL) : Context Bh Capital Management Lp scooped up 1,900 additional shares in Cardinal Financial Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 36,292 shares of Cardinal Financial Corporation which is valued at $912,744.Cardinal Financial Corporation makes up approximately 0.64% of Context Bh Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Ls Investment Advisors boosted its stake in CFNL in the latest quarter, The investment management firm added 51 additional shares and now holds a total of 1,128 shares of Cardinal Financial Corporation which is valued at $26,937.Eagle Asset Management Inc reduced its stake in CFNL by selling 57,824 shares or 3.08% in the most recent quarter. The Hedge Fund company now holds 1,816,985 shares of CFNL which is valued at $41,863,334. Cardinal Financial Corporation makes up approx 0.28% of Eagle Asset Management Inc’s portfolio.

Cardinal Financial Corporation opened for trading at $25.9 and hit $26.05 on the upside on Monday, eventually ending the session at $25.87, with a gain of 0.08% or 0.02 points. The heightened volatility saw the trading volume jump to 1,44,905 shares. Company has a market cap of $839 M.

On the company’s financial health, Cardinal Financial Corporation reported $0.42 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.36.Analysts expectations of $ 45.00.During the same quarter in the previous year, the company posted $0.40 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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