RBC Capital Markets reissued their underperform rating on shares of California First National Bancorp (NASDAQ:CFNB) in a research note published on Saturday. RBC Capital Markets currently has a $27.00 price target on the financial services provider’s stock, down from their previous price target of $31.00.

Separately, Scotiabank reissued a sector perform rating and issued a $30.00 price objective on shares of California First National Bancorp in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $26.20.

Analyst Recommendations for California First National Bancorp (NASDAQ:CFNB)

California First National Bancorp (NASDAQ:CFNB) opened at 14.00 on Friday. The stock has a 50 day moving average price of $14.68 and a 200 day moving average price of $14.48. The company has a market cap of $143.91 million, a PE ratio of 16.87 and a beta of 0.56. California First National Bancorp has a one year low of $12.76 and a one year high of $15.49.

Institutional investors have recently added to or reduced their stakes in the stock. M3F Inc. raised its position in California First National Bancorp by 0.8% in the second quarter. M3F Inc. now owns 385,582 shares of the financial services provider’s stock valued at $5,695,000 after buying an additional 3,207 shares during the last quarter. BlackRock Fund Advisors raised its position in California First National Bancorp by 19,653.8% in the second quarter. BlackRock Fund Advisors now owns 56,496 shares of the financial services provider’s stock valued at $834,000 after buying an additional 56,210 shares during the last quarter. Vanguard Group Inc. raised its position in California First National Bancorp by 9.2% in the second quarter. Vanguard Group Inc. now owns 47,613 shares of the financial services provider’s stock valued at $704,000 after buying an additional 3,995 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in California First National Bancorp by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 13,746 shares of the financial services provider’s stock valued at $203,000 after buying an additional 415 shares during the last quarter. Institutional investors and hedge funds own 12.77% of the company’s stock.

About California First National Bancorp

California First National Bancorp is a bank holding company. The Company operates through two business segments: CalFirst Leasing and CalFirst Bank. Its primary business is secured financing provided through leasing and financing capital assets, commercial loans acquired through participation in the syndicated commercial loan market, by providing non-recourse loans to third parties secured by leases and equipment, and direct commercial loans.

5 Day Chart for NASDAQ:CFNB

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