Cardinal Financial Corp. (NASDAQ:CFNL) issued its quarterly earnings data on Wednesday. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. Cardinal Financial Corp. had a return on equity of 11.27% and a net margin of 23.29%.

Shares of Cardinal Financial Corp. (NASDAQ:CFNL) traded up 1.97% on Wednesday, reaching $25.91. The company’s stock had a trading volume of 73,891 shares. Cardinal Financial Corp. has a 1-year low of $17.51 and a 1-year high of $28.16. The stock has a 50-day moving average of $26.06 and a 200 day moving average of $23.57. The stock has a market capitalization of $841.01 million, a PE ratio of 18.23 and a beta of 1.14.

Earnings History for Cardinal Financial Corp. (NASDAQ:CFNL)

Several research analysts recently issued reports on the company. Raymond James Financial Inc. downgraded Cardinal Financial Corp. from an “outperform” rating to a “market perform” rating in a research report on Friday, August 19th. Keefe, Bruyette & Woods downgraded Cardinal Financial Corp. from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $24.00 to $27.00 in a research report on Monday, August 22nd. Finally, Zacks Investment Research downgraded Cardinal Financial Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, August 11th. Five research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $23.40.

In other Cardinal Financial Corp. news, insider Christopher W. Bergstrom sold 80,993 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $26.50, for a total value of $2,146,314.50. Following the sale, the insider now owns 97,476 shares in the company, valued at $2,583,114. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.23% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC boosted its position in Cardinal Financial Corp. by 3.6% in the second quarter. Parametric Portfolio Associates LLC now owns 40,895 shares of the company’s stock valued at $897,000 after buying an additional 1,430 shares during the period. FJ Capital Management LLC boosted its stake in shares of Cardinal Financial Corp. by 10.6% in the second quarter. FJ Capital Management LLC now owns 490,000 shares of the company’s stock worth $10,747,000 after buying an additional 47,000 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Cardinal Financial Corp. by 3.9% in the second quarter. Thrivent Financial for Lutherans now owns 15,600 shares of the company’s stock worth $342,000 after buying an additional 590 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Cardinal Financial Corp. by 2.5% in the second quarter. Lord Abbett & CO. LLC now owns 125,277 shares of the company’s stock worth $2,749,000 after buying an additional 3,080 shares during the last quarter. Finally, Teachers Advisors Inc. boosted its stake in shares of Cardinal Financial Corp. by 2.1% in the second quarter. Teachers Advisors Inc. now owns 65,001 shares of the company’s stock worth $1,426,000 after buying an additional 1,334 shares during the last quarter. Institutional investors and hedge funds own 80.90% of the company’s stock.

Cardinal Financial Corp. Company Profile

Cardinal Financial Corporation is a financial holding company. The Company owns Cardinal Bank (the Bank), a Virginia state-chartered community bank. 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.

5 Day Chart for NASDAQ:CFNL

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