Cardinal Financial Corporation (CFNL) Releases Earnings Results, Beats Expectations By $0.02 EPS

Cardinal Financial Corporation (CFNL) announced its most recent quarterly financial results on Wednesday, Oct-19-2016. CFNL said it had a profit of $0.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.39. Analysts expectations of $47.48 million. During the same quarter in the previous year, the company posted $0.34 EPS.

Many Wall Street Analysts have commented on Cardinal Financial Corporation. Cardinal Financial Corporation was Downgraded by Keefe Bruyette to ” Mkt Perform” on Aug 22, 2016. Cardinal Financial Corporation was Downgraded by Raymond James to ” Mkt Perform” on Aug 19, 2016.

Cardinal Financial Corporation opened for trading at $25.84 and hit $25.95 on the upside on Friday, eventually ending the session at $25.75, with a gain of 0.59% or 0.15 points. The heightened volatility saw the trading volume jump to 1,35,445 shares. Company has a market cap of $836 M.

In a different news, on Aug 30, 2016, Bernard H Clineburg (Executive Chairman) sold 223,329 shares at $26.50 per share price. According to the SEC, on Aug 30, 2016, Christopher W Bergstrom (President and CEO) sold 80,993 shares at $26.28 per share price. On Jun 30, 2016, Mark A Wendel (EVP/Chief Financial Officer) sold 15,000 shares at $21.10 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Cardinal Financial Corporation

Leave a Reply

Cardinal Financial Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Cardinal Financial Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.